NVIDIA (NASDAQ:NVDA) Stock Price Down 3% on Analyst Downgrade

Shares of NVIDIA Co. (NASDAQ:NVDA - Get Free Report) fell 3% during trading on Friday after Barclays lowered their price target on the stock from $175.00 to $155.00. Barclays currently has an overweight rating on the stock. NVIDIA traded as low as $100.05 and last traded at $101.33. 290,593,259 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 312,556,411 shares. The stock had previously closed at $104.49.

Other analysts also recently issued reports about the stock. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Rosenblatt Securities reduced their price objective on NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. UBS Group lowered their price objective on shares of NVIDIA from $185.00 to $180.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Susquehanna reaffirmed a "positive" rating and issued a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $165.01.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 over the last three months. Corporate insiders own 4.23% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Encompass Wealth Advisors LLC lifted its stake in NVIDIA by 1.5% during the first quarter. Encompass Wealth Advisors LLC now owns 12,485 shares of the computer hardware maker's stock worth $1,353,000 after purchasing an additional 182 shares in the last quarter. Friday Financial grew its position in NVIDIA by 42.9% in the 1st quarter. Friday Financial now owns 3,572 shares of the computer hardware maker's stock valued at $394,000 after acquiring an additional 1,072 shares in the last quarter. Pennsylvania Capital Management Inc. ADV boosted its stake in shares of NVIDIA by 3.6% in the first quarter. Pennsylvania Capital Management Inc. ADV now owns 109,753 shares of the computer hardware maker's stock valued at $11,895,000 after purchasing an additional 3,825 shares during the period. Live Oak Private Wealth LLC increased its stake in NVIDIA by 5.2% during the 1st quarter. Live Oak Private Wealth LLC now owns 9,063 shares of the computer hardware maker's stock worth $982,000 after buying an additional 444 shares during the period. Finally, Jericho Financial LLP boosted its position in NVIDIA by 8.3% in the 1st quarter. Jericho Financial LLP now owns 46,703 shares of the computer hardware maker's stock valued at $5,062,000 after buying an additional 3,594 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Trading Up 2.0 %

The firm has a market cap of $2.41 trillion, a price-to-earnings ratio of 38.92, 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 50 day simple moving average is $115.87 and its 200 day simple moving average is $129.71.

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

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.

NVIDIA Company Profile

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.