UBS Group Lowers NVIDIA (NVDA) Price Target to $195.00

NVIDIA (NASDAQ:NVDA) had its price objective lowered by analysts at UBS Group from $210.00 to $195.00 in a report issued on Friday, The Fly reports. The brokerage currently has a “buy” rating on the computer hardware maker’s stock. UBS Group’s price objective would indicate a potential upside of 24.58% from the company’s previous close.

NVDA has been the topic of several other reports. Stifel Nicolaus reduced their target price on NVIDIA from $150.00 to $145.00 and set a “hold” rating on the stock in a research report on Tuesday, May 14th. Sanford C. Bernstein downgraded NVIDIA from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $250.00 to $175.00 in a research report on Monday, February 11th. Morgan Stanley increased their target price on NVIDIA from $148.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Monday, May 13th. Royal Bank of Canada increased their target price on NVIDIA to $200.00 and gave the stock an “outperform” rating in a research report on Monday, May 13th. Finally, BidaskClub downgraded NVIDIA from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-five have given a buy rating to the company. NVIDIA has a consensus rating of “Buy” and an average price target of $198.93.

NASDAQ NVDA opened at $156.53 on Friday. NVIDIA has a twelve month low of $124.46 and a twelve month high of $292.76. The stock has a market cap of $95.25 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 3.84 and a beta of 1.85. The company has a current ratio of 7.94, a quick ratio of 6.76 and a debt-to-equity ratio of 0.21.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.07. NVIDIA had a return on equity of 31.69% and a net margin of 30.68%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the business posted $2.05 earnings per share. The firm’s revenue for the quarter was down 30.8% compared to the same quarter last year. On average, equities analysts anticipate that NVIDIA will post 4.44 EPS for the current year.

In other news, EVP Debora Shoquist sold 5,823 shares of NVIDIA stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the transaction, the executive vice president now directly owns 171,783 shares in the company, valued at approximately $31,779,855. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 14,092 shares of NVIDIA stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $183.33, for a total value of $2,583,486.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,029 shares of company stock worth $3,678,385. 4.64% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of NVDA. TD Capital Management LLC acquired a new position in shares of NVIDIA in the 4th quarter worth $27,000. Capital Financial Planning LLC acquired a new position in shares of NVIDIA in the 4th quarter worth $28,000. Clarfeld Financial Advisors LLC acquired a new position in shares of NVIDIA in the 4th quarter worth $29,000. Harvest Group Wealth Management LLC acquired a new position in shares of NVIDIA in the 1st quarter worth $30,000. Finally, Truvestments Capital LLC acquired a new position in shares of NVIDIA in the 1st quarter worth $33,000. Institutional investors own 70.03% of the company’s stock.

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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