NVIDIA (NASDAQ:NVDA) Given New $170.00 Price Target at Barclays

NVIDIA (NASDAQ:NVDA) had its price target decreased by Barclays from $180.00 to $170.00 in a research report released on Friday, The Fly reports. Barclays currently has an overweight rating on the computer hardware maker’s stock.

Several other equities research analysts also recently weighed in on the company. BidaskClub downgraded NVIDIA from a buy rating to a hold rating in a report on Saturday, August 3rd. Wedbush assumed coverage on NVIDIA in a report on Wednesday, June 26th. They set an outperform rating and a $184.00 price objective on the stock. BMO Capital Markets reissued a market perform rating and set a $145.00 price objective on shares of NVIDIA in a report on Friday. Summit Insights downgraded NVIDIA from a buy rating to a hold rating and set a $158.57 price objective on the stock. in a report on Friday, May 17th. Finally, Morgan Stanley lifted their target price on NVIDIA from $148.00 to $170.00 and gave the stock an equal weight rating in a report on Monday, May 13th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $188.99.

NASDAQ NVDA opened at $170.78 on Friday. The company has a quick ratio of 7.78, a current ratio of 8.98 and a debt-to-equity ratio of 0.25. NVIDIA has a twelve month low of $124.46 and a twelve month high of $292.76. The company has a market cap of $90.60 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 3.81 and a beta of 2.07. The business’s fifty day moving average is $163.59 and its 200 day moving average is $163.39.



NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.37. NVIDIA had a return on equity of 24.93% and a net margin of 26.93%. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the business posted $1.94 EPS. NVIDIA’s revenue for the quarter was down 17.4% on a year-over-year basis. On average, research analysts anticipate that NVIDIA will post 4.19 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Wednesday, August 28th. NVIDIA’s dividend payout ratio (DPR) is presently 10.54%.

In other news, Director Harvey C. Jones sold 100,000 shares of NVIDIA stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $145.10, for a total value of $14,510,000.00. Following the completion of the transaction, the director now directly owns 32,983 shares of the company’s stock, valued at approximately $4,785,833.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 2,236 shares of NVIDIA stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $164.01, for a total value of $366,726.36. Following the completion of the transaction, the chief financial officer now directly owns 239,710 shares of the company’s stock, valued at $39,314,837.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,736 shares of company stock valued at $15,293,726. Corporate insiders own 4.64% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Bay Harbor Wealth Management LLC increased its position in NVIDIA by 41.4% in the 1st quarter. Bay Harbor Wealth Management LLC now owns 205 shares of the computer hardware maker’s stock valued at $37,000 after buying an additional 60 shares in the last quarter. LS Investment Advisors LLC increased its position in NVIDIA by 0.5% in the 1st quarter. LS Investment Advisors LLC now owns 11,952 shares of the computer hardware maker’s stock valued at $2,146,000 after buying an additional 62 shares in the last quarter. McIlrath & Eck LLC increased its position in NVIDIA by 14.5% in the 1st quarter. McIlrath & Eck LLC now owns 496 shares of the computer hardware maker’s stock valued at $89,000 after buying an additional 63 shares in the last quarter. Tradewinds Capital Management LLC increased its position in NVIDIA by 19.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 393 shares of the computer hardware maker’s stock valued at $71,000 after buying an additional 65 shares in the last quarter. Finally, Sky Investment Group LLC increased its position in NVIDIA by 0.9% in the 1st quarter. Sky Investment Group LLC now owns 7,160 shares of the computer hardware maker’s stock valued at $1,286,000 after buying an additional 67 shares in the last quarter. 66.93% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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