NVIDIA (NVDA) Downgraded by ValuEngine

ValuEngine lowered shares of NVIDIA (NASDAQ:NVDA) from a buy rating to a hold rating in a research report report published on Friday.

Several other brokerages also recently commented on NVDA. B. Riley restated a buy rating and issued a $200.00 target price on shares of NVIDIA in a research note on Sunday, August 13th. Stifel Nicolaus restated a hold rating and issued a $110.00 target price on shares of NVIDIA in a research note on Friday, August 11th. Instinet restated a reduce rating and issued a $110.00 target price (up from $90.00) on shares of NVIDIA in a research note on Monday, August 14th. Vetr downgraded NVIDIA from a strong-buy rating to a hold rating and set a $173.32 price target for the company. in a research note on Tuesday, August 15th. Finally, MKM Partners reiterated a neutral rating and set a $120.00 price target (up previously from $106.00) on shares of NVIDIA in a research note on Monday, August 14th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $187.38.

Shares of NVIDIA (NVDA) traded down $11.02 during trading on Friday, reaching $186.66. The company’s stock had a trading volume of 31,005,801 shares, compared to its average volume of 17,606,770. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. NVIDIA has a 52-week low of $87.54 and a 52-week high of $218.67. The firm has a market cap of $119,794.08, a P/E ratio of 48.69, a P/E/G ratio of 4.28 and a beta of 1.18.

NVIDIA (NASDAQ:NVDA) last issued its quarterly 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. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the business posted $0.94 EPS. The business’s revenue was up 31.5% compared to the same quarter last year. analysts forecast that NVIDIA will post 4.13 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.32%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA’s dividend payout ratio is presently 14.89%.

In related news, insider Jen Hsun Huang sold 110,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total value of $18,268,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tench Coxe sold 50,000 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $189.62, for a total transaction of $9,481,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 425,175 shares of company stock valued at $77,696,879. Company insiders own 5.17% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in NVDA. Vanguard Group Inc. grew its holdings in shares of NVIDIA by 7.1% during the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after buying an additional 2,676,976 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of NVIDIA by 8.8% during the second quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock valued at $827,110,000 after buying an additional 463,306 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of NVIDIA by 19.3% during the second quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after buying an additional 768,200 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of NVIDIA by 5,424.4% during the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after buying an additional 4,022,728 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of NVIDIA by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,052,628 shares of the computer hardware maker’s stock valued at $585,894,000 after buying an additional 46,686 shares during the last quarter. 63.51% of the stock is owned by institutional investors.

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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 ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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