NVIDIA (NVDA) – Research Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for NVIDIA (NASDAQ: NVDA):

  • 1/16/2019 – NVIDIA was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “NVIDIA is gaining from its sustained efforts toward attaining a robust position in several emerging industries. Growth opportunities in ray-traced gaming, rendering, high-performance computing, artificial intelligence (AI) and self-driving cars are expected to be the company’s consistent tailwinds. Rapid adoption of GPUs in the automotive and datacenter markets is a key growth driver. However, the company is experiencing a rough time due to a string of weaknesses plaguing the semiconductor market recently. The end of the cryptocurrency mining boom weakened demand for its GPUs. The company is hurt by weakness in the Gaming segment, which is affected by an excess inventory of midrange Pascal products. Shares underperformed the industry in the past year.”
  • 1/15/2019 – NVIDIA was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/14/2019 – NVIDIA had its price target lowered by analysts at Evercore ISI from $325.00 to $275.00. They now have an “outperform” rating on the stock.
  • 1/9/2019 – NVIDIA had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $250.00 price target on the stock.
  • 1/9/2019 – NVIDIA had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG.
  • 12/27/2018 – NVIDIA was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/27/2018 – NVIDIA had its price target lowered by analysts at Royal Bank of Canada from $230.00 to $200.00. They now have an “outperform” rating on the stock.
  • 12/12/2018 – NVIDIA had its price target lowered by analysts at Royal Bank of Canada from $260.00 to $230.00. They now have an “outperform” rating on the stock.
  • 12/2/2018 – NVIDIA is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $145.00 price target on the stock.
  • 11/30/2018 – NVIDIA was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 11/26/2018 – NVIDIA is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $225.00 price target on the stock.
  • 11/26/2018 – NVIDIA had its “buy” rating reaffirmed by analysts at Tigress Financial.
  • 11/21/2018 – NVIDIA was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “NVIDIA recently reported dismal third-quarter fiscal 2019 results wherein both the top and the bottom-line results fell short of expectations. Weakness in the Gaming segment, affected by an excess inventory of midrange Pascal products, impacted the company’s results. Inventory level of midrange Pascal gaming cards remained higher-than-expected as demand from gamers failed to grow rapidly to offset the soft crypto currency-related requirement. Consequently, shipment was badly hurt as the price of graphic cards remained elevated. As the company plans to lower its excess channel inventories, it announced suspension of mid-range Pascal GPU shipments. All these impelled the management to issue a tepid guidance for the fiscal fourth quarter. Shares underperformed the industry year to date. However, growth opportunities in ray-traced gaming, rendering, high-performance computing, AI and self-driving cars are expected to remain tailwind.”
  • 11/21/2018 – NVIDIA was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 11/20/2018 – NVIDIA was downgraded by analysts at BNP Paribas from a “neutral” rating to an “underperform” rating.
  • 11/19/2018 – NVIDIA had its “buy” rating reaffirmed by analysts at Daiwa Capital Markets.

NASDAQ NVDA traded up $0.74 on Thursday, hitting $149.58. 208,034 shares of the stock were exchanged, compared to its average volume of 14,880,301. The company has a quick ratio of 6.20, a current ratio of 7.08 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $91.42 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 2.18 and a beta of 2.05. NVIDIA Co. has a 52-week low of $124.46 and a 52-week high of $292.76.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, November 15th. The computer hardware maker reported $1.67 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.06). The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.24 billion. NVIDIA had a return on equity of 51.60% and a net margin of 37.78%. Equities research analysts anticipate that NVIDIA Co. will post 6.45 EPS for the current year.

In other news, CFO Colette Kress sold 889 shares of the business’s stock in a transaction on Friday, December 14th. The shares were sold at an average price of $147.91, for a total transaction of $131,491.99. Following the completion of the sale, the chief financial officer now directly owns 259,912 shares of the company’s stock, valued at $38,443,583.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Debora Shoquist sold 6,345 shares of the business’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $135.33, for a total transaction of $858,668.85. Following the sale, the executive vice president now directly owns 177,911 shares of the company’s stock, valued at $24,076,695.63. The disclosure for this sale can be found here. 4.70% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. FMR LLC increased its position in NVIDIA by 3.5% in the second quarter. FMR LLC now owns 48,594,422 shares of the computer hardware maker’s stock worth $11,512,019,000 after purchasing an additional 1,656,748 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in NVIDIA by 71.4% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 2,400 shares of the computer hardware maker’s stock worth $569,000 after purchasing an additional 1,000 shares during the last quarter. Argent Trust Co bought a new stake in NVIDIA in the second quarter worth $327,000. Advisors Asset Management Inc. increased its position in NVIDIA by 375.1% in the second quarter. Advisors Asset Management Inc. now owns 94,836 shares of the computer hardware maker’s stock worth $6,396,000 after purchasing an additional 74,876 shares during the last quarter. Finally, B. Riley Financial Inc. bought a new stake in NVIDIA in the second quarter worth $269,000. 67.44% of the stock is owned by institutional investors.

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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