Morgan Stanley Cuts NVIDIA (NASDAQ:NVDA) Price Target to $152.00

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price objective reduced by investment analysts at Morgan Stanley from $166.00 to $152.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the computer hardware maker's stock. Morgan Stanley's target price indicates a potential upside of 18.94% from the stock's current price.

Several other brokerages also recently weighed in on NVDA. Citigroup upped their price objective on NVIDIA from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Monday. Truist Financial upped their price objective on shares of NVIDIA from $148.00 to $167.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Melius Research raised their target price on shares of NVIDIA from $165.00 to $185.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, TD Cowen lifted their price target on NVIDIA from $165.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average price target of $166.23.

NVIDIA Stock Performance

Shares of NVDA traded up $9.38 during trading hours on Tuesday, hitting $127.80. The company had a trading volume of 577,374,321 shares, compared to its average volume of 276,322,250. The business has a fifty day moving average of $138.29 and a 200-day moving average of $129.45. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.13 trillion, a price-to-earnings ratio of 50.29, a PEG ratio of 2.65 and a beta of 1.64. NVIDIA has a 12 month low of $60.70 and a 12 month high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the prior year, the business posted $0.38 earnings per share. The firm's quarterly revenue was up 93.6% compared to the same quarter last year. Equities analysts anticipate that NVIDIA will post 2.78 EPS for the current fiscal year.

Insider Buying and Selling at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Dabiri sold 716 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now owns 19,942 shares of the company's stock, valued at approximately $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,108,348 shares of company stock worth $146,506,958. Insiders own 4.23% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NVDA. Ironwood Wealth Management LLC. increased its stake in shares of NVIDIA by 896.9% in the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker's stock worth $782,000 after purchasing an additional 5,695 shares in the last quarter. Financial Guidance Group Inc. grew its holdings in NVIDIA by 900.0% during the 2nd quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker's stock valued at $445,000 after buying an additional 3,240 shares in the last quarter. Tobam grew its holdings in NVIDIA by 811.4% during the 2nd quarter. Tobam now owns 41,489 shares of the computer hardware maker's stock valued at $5,126,000 after buying an additional 36,937 shares in the last quarter. Heritage Family Offices LLP bought a new stake in NVIDIA in the 2nd quarter valued at $257,000. Finally, Waldron Private Wealth LLC lifted its stake in NVIDIA by 898.1% in the 2nd quarter. Waldron Private Wealth LLC now owns 218,318 shares of the computer hardware maker's stock worth $26,971,000 after purchasing an additional 196,445 shares in the last quarter. Institutional investors 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.