NVIDIA (NASDAQ:NVDA) Price Target Cut to $168.00 by Analysts at Mizuho

NVIDIA (NASDAQ:NVDA - Get Free Report) had its target price reduced by investment analysts at Mizuho from $175.00 to $168.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the computer hardware maker's stock. Mizuho's price target would suggest a potential upside of 45.35% from the stock's current price.

Several other equities research analysts also recently issued reports on the company. Oppenheimer reaffirmed an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their target price on NVIDIA from $115.00 to $140.00 and gave the company a "hold" rating in a report on Thursday, November 21st. Needham & Company LLC reiterated a "buy" rating and set a $160.00 price target on shares of NVIDIA in a report on Thursday, February 27th. Bank of America raised their price objective on shares of NVIDIA from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, TD Cowen upped their target price on shares of NVIDIA from $165.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $171.51.

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NVIDIA Stock Down 0.1 %

NVDA opened at $115.58 on Friday. The firm has a market cap of $2.82 trillion, a P/E ratio of 45.49, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. 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 business has a 50 day moving average price of $129.71 and a 200 day moving average price of $131.20. NVIDIA has a twelve month low of $75.61 and a twelve month high of $153.13.

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

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,039,125 shares of company stock worth $137,062,338 over the last ninety days. Company insiders own 4.23% of the company's stock.

Institutional Investors Weigh In On NVIDIA

Hedge funds have recently bought and sold shares of the company. Tacita Capital Inc acquired a new position in NVIDIA in the fourth quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA during the 4th quarter worth approximately $34,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA during the 4th quarter worth approximately $40,000. Finally, DHJJ Financial Advisors Ltd. lifted its stake in NVIDIA by 70.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock valued at $41,000 after buying an additional 140 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.

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