NVIDIA (NASDAQ:NVDA) Price Target Cut to $152.00 by Analysts at Morgan Stanley

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price objective cut by equities researchers at Morgan Stanley from $166.00 to $152.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the computer hardware maker's stock. Morgan Stanley's price objective would indicate a potential upside of 26.59% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Monday, January 27th. Susquehanna upped their price target on shares of NVIDIA from $160.00 to $180.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. Melius Research raised their target price on NVIDIA from $165.00 to $185.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft lifted their target price on NVIDIA from $115.00 to $140.00 and gave the company a "hold" rating in a research note on Thursday, November 21st. Finally, Tigress Financial raised NVIDIA from a "buy" rating to a "strong-buy" rating and raised their price target for the company from $170.00 to $220.00 in a report on Tuesday. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $166.23.

NVIDIA Stock Down 3.7 %

Shares of NASDAQ:NVDA traded down $4.58 during mid-day trading on Tuesday, hitting $120.07. 387,846,098 shares of the company traded hands, compared to its average volume of 258,365,728. The firm's 50 day simple moving average is $136.58 and its 200 day simple moving average is $129.31. NVIDIA has a 52-week low of $60.70 and a 52-week high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market cap of $2.94 trillion, a P/E ratio of 47.25, a PEG ratio of 2.23 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's quarterly revenue was up 93.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. On average, equities analysts anticipate that NVIDIA will post 2.77 EPS for the current year.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 716 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the transaction, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,108,348 shares of company stock worth $146,506,958. Insiders own 4.23% of the company's stock.

Institutional Trading of NVIDIA

Several hedge funds have recently added to or reduced their stakes in NVDA. Quest Partners LLC bought a new stake in shares of NVIDIA during the second quarter worth $27,000. Christopher J. Hasenberg Inc bought a new position in NVIDIA during the 3rd quarter worth about $27,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of NVIDIA in the second quarter valued at about $31,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the fourth quarter worth about $34,000. Finally, West Financial Advisors LLC acquired a new stake in NVIDIA in the 3rd quarter valued at approximately $36,000. 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.