NVIDIA (NASDAQ:NVDA) was downgraded by research analysts at DZ Bank from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, The Fly reports.
NVDA has been the topic of several other reports. Bank of America reaffirmed a “buy” rating on shares of NVIDIA in a report on Tuesday, August 20th. Mizuho reaffirmed a “buy” rating and issued a $185.00 price objective (down from $192.00) on shares of NVIDIA in a report on Friday, August 16th. Daiwa Capital Markets set a $200.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a report on Wednesday, August 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 target price on shares of NVIDIA in a research note on Friday, August 16th. Finally, ValuEngine upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $190.40.
Shares of NVDA stock traded down $2.33 during trading hours on Friday, hitting $181.94. The company’s stock had a trading volume of 4,487,242 shares, compared to its average volume of 12,796,570. The company has a 50 day moving average of $166.12 and a 200 day moving average of $165.69. The stock has a market cap of $111.56 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 4.70 and a beta of 2.07. The company has a current ratio of 8.65, a quick ratio of 7.74 and a debt-to-equity ratio of 0.24. NVIDIA has a 12-month low of $124.46 and a 12-month high of $292.76.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, August 15th. The computer hardware maker reported $1.24 EPS for the quarter, beating the consensus estimate of $0.87 by $0.37. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.55 billion. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The business’s revenue for the quarter was down 17.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 EPS. As a group, analysts anticipate that NVIDIA will post 4.08 earnings per share for the current fiscal year.
In other NVIDIA news, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the completion of the transaction, the director now directly owns 32,983 shares in the company, valued at $4,785,833.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Persis Drell sold 2,500 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $166.80, for a total transaction of $417,000.00. Following the completion of the sale, the director now owns 20,684 shares of the company’s stock, valued at $3,450,091.20. The disclosure for this sale can be found here. Insiders have sold 139,597 shares of company stock valued at $21,275,952 over the last 90 days. 4.64% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of NVDA. Comerica Securities Inc. raised its position in shares of NVIDIA by 95.7% in the fourth quarter. Comerica Securities Inc. now owns 2,853 shares of the computer hardware maker’s stock valued at $381,000 after buying an additional 1,395 shares during the last quarter. United Bank acquired a new stake in shares of NVIDIA in the first quarter valued at about $307,000. Cornerstone Advisors Inc. raised its position in shares of NVIDIA by 3.7% in the first quarter. Cornerstone Advisors Inc. now owns 2,546 shares of the computer hardware maker’s stock valued at $457,000 after buying an additional 92 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of NVIDIA by 57.7% in the first quarter. Victory Capital Management Inc. now owns 138,799 shares of the computer hardware maker’s stock valued at $24,923,000 after buying an additional 50,783 shares during the last quarter. Finally, Hardman Johnston Global Advisors LLC acquired a new stake in shares of NVIDIA in the first quarter valued at about $34,372,000. Institutional investors and hedge funds own 64.51% of the company’s stock.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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.
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