NVIDIA (NASDAQ:NVDA) Given "Overweight" Rating at Cantor Fitzgerald

NVIDIA (NASDAQ:NVDA - Get Free Report)'s stock had its "overweight" rating restated by Cantor Fitzgerald in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $200.00 price objective on the computer hardware maker's stock. Cantor Fitzgerald's price target suggests a potential upside of 97.38% from the stock's previous close.

NVDA has been the subject of a number of other reports. Barclays boosted their price target on shares of NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Citigroup dropped their target price on shares of NVIDIA from $163.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research report on Wednesday, March 19th. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $165.51.

NVIDIA Price Performance

Shares of NVDA traded down $3.16 during trading hours on Wednesday, hitting $101.33. The stock had a trading volume of 290,593,259 shares, compared to its average volume of 312,017,771. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 39.88, a P/E/G ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company's fifty day moving average is $116.56 and its two-hundred day moving average is $129.78. NVIDIA has a 52 week low of $75.61 and a 52 week high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, analysts anticipate that NVIDIA will post 2.77 EPS for the current year.

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the sale, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 in the last quarter. Corporate insiders own 4.23% of the company's stock.

Institutional Trading of NVIDIA

Several large investors have recently made changes to their positions in NVDA. Tacita Capital Inc bought a new position in shares of NVIDIA in the 4th quarter valued at $28,000. Legend Financial Advisors Inc. bought a new position in NVIDIA in the fourth quarter valued at about $34,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the fourth quarter worth about $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA in the fourth quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 65.27% of the company's stock.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.