NVIDIA (NASDAQ:NVDA) Downgraded by Vetr

Vetr cut shares of NVIDIA (NASDAQ:NVDA) from a strong-buy rating to a buy rating in a report published on Tuesday, December 26th. Vetr currently has $220.43 target price on the computer hardware maker’s stock.

Several other analysts also recently weighed in on the stock. Citigroup reiterated a buy rating and issued a $210.00 target price (up previously from $185.00) on shares of NVIDIA in a report on Friday, September 29th. SunTrust Banks reiterated a buy rating and issued a $200.00 target price (up previously from $181.00) on shares of NVIDIA in a report on Monday, October 2nd. Sanford C. Bernstein restated an outperform rating on shares of NVIDIA in a research note on Saturday, September 23rd. Barclays restated an equal weight rating and issued a $200.00 price target (up previously from $140.00) on shares of NVIDIA in a research note on Wednesday, October 4th. Finally, Royal Bank of Canada restated a buy rating and issued a $205.00 price target (up previously from $175.00) on shares of NVIDIA in a research note on Monday, September 18th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $192.04.

NVIDIA (NASDAQ:NVDA) opened at $222.98 on Tuesday. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. NVIDIA has a 12 month low of $95.17 and a 12 month high of $226.27. The firm has a market cap of $134,990.00, a PE ratio of 55.75, a P/E/G ratio of 5.22 and a beta of 1.18.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business’s revenue was up 31.5% on a year-over-year basis. During the same period last year, the company posted $0.94 EPS. equities analysts anticipate that NVIDIA will post 4.19 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were issued a dividend of $0.15 per share. This is a positive change from NVIDIA’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.27%. The ex-dividend date was Wednesday, November 22nd. NVIDIA’s dividend payout ratio (DPR) is currently 15.00%.

In other news, CFO Colette Kress sold 171 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $185.57, for a total value of $31,732.47. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director A Brooke Seawell sold 1,029 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $214.10, for a total transaction of $220,308.90. Following the completion of the transaction, the director now owns 1,029 shares in the company, valued at $220,308.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,858 shares of company stock valued at $4,227,384. 5.82% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Cibc World Markets Corp lifted its position in NVIDIA by 12.1% in the 2nd quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock valued at $18,549,000 after purchasing an additional 13,802 shares during the last quarter. Meiji Yasuda Life Insurance Co lifted its position in NVIDIA by 9.9% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock valued at $1,600,000 after purchasing an additional 1,000 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in NVIDIA by 17.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock valued at $2,715,000 after purchasing an additional 2,836 shares during the last quarter. Girard Partners LTD. lifted its position in NVIDIA by 7.7% in the 2nd quarter. Girard Partners LTD. now owns 3,102 shares of the computer hardware maker’s stock valued at $448,000 after purchasing an additional 221 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in NVIDIA by 160.9% in the 3rd quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock valued at $35,001,000 after purchasing an additional 120,734 shares during the last quarter. Institutional investors own 63.41% of the company’s stock.

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NVIDIA Company Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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