NVIDIA (NASDAQ:NVDA) PT Lowered to $250.00 at Raymond James

NVIDIA (NASDAQ:NVDAGet Rating) had its price target lowered by Raymond James from $365.00 to $250.00 in a research report sent to investors on Thursday, The Fly reports.

Several other research firms also recently weighed in on NVDA. Sanford C. Bernstein lowered their price objective on shares of NVIDIA from $325.00 to $225.00 and set an outperform rating on the stock in a report on Monday, May 23rd. Piper Sandler lowered their target price on shares of NVIDIA from $350.00 to $250.00 and set an overweight rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of NVIDIA from $255.00 to $190.00 in a report on Thursday. StockNews.com started coverage on shares of NVIDIA in a report on Thursday, March 31st. They issued a hold rating for the company. Finally, Credit Suisse Group reiterated a buy rating and issued a $400.00 target price on shares of NVIDIA in a report on Friday, March 18th. Eight research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of Buy and an average target price of $269.77.

NVDA opened at $188.11 on Thursday. The company has a current ratio of 5.32, a quick ratio of 6.05 and a debt-to-equity ratio of 0.42. The company’s fifty day moving average price is $212.40 and its two-hundred day moving average price is $250.14. NVIDIA has a 1-year low of $155.01 and a 1-year high of $346.47. The company has a market cap of $547.92 billion, a price-to-earnings ratio of 50.43, a PEG ratio of 2.38 and a beta of 1.59.

NVIDIA (NASDAQ:NVDAGet Rating) last released its quarterly earnings data on Wednesday, May 25th. The computer hardware maker reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.07. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The business’s revenue was up 46.4% on a year-over-year basis. As a group, equities analysts forecast that NVIDIA will post 4.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Thursday, June 9th will be given a $0.04 dividend. The ex-dividend date is Wednesday, June 8th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. NVIDIA’s dividend payout ratio (DPR) is currently 4.29%.

In related news, Director Mark L. Perry sold 16,716 shares of the firm’s stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $263.80, for a total value of $4,409,680.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Tench Coxe sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, March 28th. The shares were sold at an average price of $274.06, for a total transaction of $27,406,000.00. The disclosure for this sale can be found here. Insiders sold 409,056 shares of company stock valued at $101,135,342 over the last 90 days. 4.47% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the business. Piscataqua Savings Bank boosted its holdings in NVIDIA by 14.3% in the fourth quarter. Piscataqua Savings Bank now owns 320 shares of the computer hardware maker’s stock valued at $94,000 after acquiring an additional 40 shares in the last quarter. Venture Visionary Partners LLC boosted its holdings in NVIDIA by 0.3% in the fourth quarter. Venture Visionary Partners LLC now owns 15,776 shares of the computer hardware maker’s stock valued at $4,639,000 after acquiring an additional 43 shares in the last quarter. Warren Averett Asset Management LLC boosted its holdings in NVIDIA by 0.7% in the third quarter. Warren Averett Asset Management LLC now owns 5,997 shares of the computer hardware maker’s stock valued at $1,822,000 after acquiring an additional 44 shares in the last quarter. Tranquility Partners LLC boosted its holdings in NVIDIA by 1.0% in the fourth quarter. Tranquility Partners LLC now owns 4,384 shares of the computer hardware maker’s stock valued at $1,290,000 after acquiring an additional 44 shares in the last quarter. Finally, Bedel Financial Consulting Inc. boosted its holdings in shares of NVIDIA by 2.3% during the 4th quarter. Bedel Financial Consulting Inc. now owns 1,976 shares of the computer hardware maker’s stock valued at $581,000 after buying an additional 45 shares in the last quarter. 55.19% of the stock is currently owned by hedge funds and other institutional investors.

About NVIDIA (Get Rating)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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