NVIDIA (NVDA) Stock Rating Lowered by BidaskClub

NVIDIA (NASDAQ:NVDA) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

A number of other research firms have also recently issued reports on NVDA. Argus reissued a “buy” rating and set a $300.00 target price on shares of NVIDIA in a research note on Friday, October 12th. SunTrust Banks lowered their target price on NVIDIA to $237.00 and set a “buy” rating for the company in a research note on Friday, November 16th. Daiwa Capital Markets reissued a “buy” rating on shares of NVIDIA in a research note on Monday. BNP Paribas cut NVIDIA from a “neutral” rating to an “underperform” rating in a research note on Tuesday. Finally, Barclays lowered their target price on NVIDIA from $300.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday, November 16th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-five have issued a buy rating to the company. NVIDIA has a consensus rating of “Buy” and an average price target of $261.28.

NASDAQ NVDA opened at $144.71 on Wednesday. NVIDIA has a 52-week low of $133.31 and a 52-week high of $292.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.08 and a quick ratio of 6.20. The company has a market cap of $88.27 billion, a P/E ratio of 30.99, a price-to-earnings-growth ratio of 2.10 and a beta of 2.01.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.06). NVIDIA had a return on equity of 51.60% and a net margin of 37.78%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.24 billion. As a group, sell-side analysts expect that NVIDIA will post 6.45 earnings per share for the current year.

In other news, EVP Ajay K. Puri sold 90,831 shares of the stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $289.35, for a total value of $26,281,949.85. Following the completion of the sale, the executive vice president now owns 184,001 shares of the company’s stock, valued at approximately $53,240,689.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 11,576 shares of the stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $266.31, for a total value of $3,082,804.56. Following the completion of the sale, the chief financial officer now directly owns 297,482 shares of the company’s stock, valued at approximately $79,222,431.42. The disclosure for this sale can be found here. In the last three months, insiders sold 113,707 shares of company stock valued at $32,347,973. 4.70% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. lifted its holdings in NVIDIA by 22.0% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,835 shares of the computer hardware maker’s stock valued at $672,000 after purchasing an additional 511 shares during the last quarter. Huntington National Bank lifted its holdings in NVIDIA by 24.4% during the 2nd quarter. Huntington National Bank now owns 1,260 shares of the computer hardware maker’s stock valued at $298,000 after purchasing an additional 247 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new stake in NVIDIA during the 2nd quarter valued at $865,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in NVIDIA by 94.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 16,120 shares of the computer hardware maker’s stock valued at $298,000 after purchasing an additional 7,834 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC acquired a new stake in NVIDIA during the 2nd quarter valued at $730,000. 66.12% of the stock is owned by institutional investors.

NVIDIA Company Profile

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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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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