NVIDIA Corporation (NVDA) Downgraded to “Sell” at Vetr Inc.

Vetr downgraded shares of NVIDIA Corporation (NASDAQ:NVDA) from a hold rating to a sell rating in a research note released on Tuesday, May 16th. Vetr currently has $129.84 price objective on the computer hardware maker’s stock.

A number of other analysts have also weighed in on NVDA. B. Riley restated a buy rating and set a $135.00 target price on shares of NVIDIA Corporation in a research note on Monday, May 8th. Stifel Nicolaus reaffirmed a hold rating and issued a $90.00 price target (up from $76.00) on shares of NVIDIA Corporation in a report on Thursday, February 16th. Summit Redstone set a $120.00 price target on NVIDIA Corporation and gave the company a buy rating in a report on Saturday, February 11th. Canaccord Genuity upped their price target on NVIDIA Corporation to $130.00 and gave the company a buy rating in a report on Friday, February 10th. Finally, Deutsche Bank AG reaffirmed a hold rating and issued a $105.00 price target (up from $75.00) on shares of NVIDIA Corporation in a report on Wednesday, February 15th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the company. NVIDIA Corporation presently has a consensus rating of Hold and an average price target of $121.22.

Shares of NVIDIA Corporation (NVDA) traded down 0.49% during midday trading on Tuesday, reaching $151.62. 23,123,950 shares of the company’s stock were exchanged. The stock has a market cap of $90.21 billion, a PE ratio of 50.90 and a beta of 1.24. The stock’s 50 day moving average is $133.10 and its 200-day moving average is $111.25. NVIDIA Corporation has a 12-month low of $44.57 and a 12-month high of $168.50.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.16. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the firm earned $0.46 earnings per share. The business’s revenue for the quarter was up 48.7% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Corporation will post $3.09 EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Tuesday, May 23rd were issued a dividend of $0.14 per share. The ex-dividend date was Friday, May 19th. This represents a $0.56 annualized dividend and a dividend yield of 0.37%. NVIDIA Corporation’s payout ratio is currently 18.60%.

In related news, Director A Brooke Seawell sold 32,820 shares of the firm’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $109.00, for a total transaction of $3,577,380.00. Following the sale, the director now directly owns 35,927 shares in the company, valued at approximately $3,916,043. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Ajay K. Puri sold 133,542 shares of the firm’s stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $108.53, for a total value of $14,493,313.26. Following the sale, the executive vice president now owns 601,367 shares in the company, valued at $65,266,360.51. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 443,124 shares of company stock worth $57,716,984. Company insiders own 5.82% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Arete Wealth Advisors LLC increased its stake in NVIDIA Corporation by 0.3% in the first quarter. Arete Wealth Advisors LLC now owns 2,884 shares of the computer hardware maker’s stock valued at $314,000 after buying an additional 10 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in NVIDIA Corporation by 0.5% in the fourth quarter. Wetherby Asset Management Inc. now owns 7,483 shares of the computer hardware maker’s stock valued at $799,000 after buying an additional 38 shares in the last quarter. Miles Capital Inc. increased its stake in NVIDIA Corporation by 1.1% in the first quarter. Miles Capital Inc. now owns 3,919 shares of the computer hardware maker’s stock valued at $427,000 after buying an additional 41 shares in the last quarter. Savant Capital LLC increased its stake in NVIDIA Corporation by 2.7% in the first quarter. Savant Capital LLC now owns 2,270 shares of the computer hardware maker’s stock valued at $247,000 after buying an additional 60 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in NVIDIA Corporation by 2.1% in the first quarter. Whittier Trust Co. now owns 3,135 shares of the computer hardware maker’s stock valued at $341,000 after buying an additional 63 shares in the last quarter. Institutional investors own 70.08% of the company’s stock.

NVIDIA Corporation 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.

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