NVIDIA (NASDAQ:NVDA) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

A number of other research firms have also weighed in on NVDA. SunTrust Banks raised their price target on shares of NVIDIA to $253.00 and gave the company a “buy” rating in a report on Friday, November 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price target on shares of NVIDIA in a report on Friday, November 10th. Bank of America raised their price target on shares of NVIDIA from $210.00 to $251.00 and gave the company a “buy” rating in a report on Friday, November 10th. Barclays raised their price target on shares of NVIDIA from $200.00 to $225.00 and gave the company an “equal weight” rating in a report on Friday, November 10th. Finally, Raymond James Financial raised their price target on shares of NVIDIA and gave the company an “outperform” rating in a report on Friday, November 10th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. NVIDIA presently has a consensus rating of “Buy” and an average price target of $187.38.

Shares of NVIDIA (NASDAQ NVDA) traded down $3.03 during mid-day trading on Friday, hitting $197.68. 20,249,432 shares of the stock were exchanged, compared to its average volume of 13,732,517. The stock has a market cap of $121,630.27, a P/E ratio of 49.44, a PEG ratio of 4.34 and a beta of 1.18. NVIDIA has a fifty-two week low of $85.12 and a fifty-two week high of $218.67. 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 (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.39. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business’s revenue was up 31.5% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. equities analysts forecast that NVIDIA will post 4.13 earnings per share for the current fiscal year.

In other news, Director Dawn E. Hudson sold 3,052 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total value of $654,318.28. Following the transaction, the director now directly owns 28,816 shares in the company, valued at approximately $6,177,862.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tench Coxe sold 50,000 shares of the firm’s 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 sold 425,175 shares of company stock worth $77,696,879. Insiders own 5.82% of the company’s stock.

A number of large investors have recently modified their holdings of NVDA. Bbva Compass Bancshares Inc. bought a new stake in NVIDIA in the 2nd quarter valued at about $343,000. Tokio Marine Asset Management Co. Ltd. lifted its position in NVIDIA by 5.2% in the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 41,661 shares of the computer hardware maker’s stock valued at $6,023,000 after purchasing an additional 2,065 shares during the last quarter. Nwam LLC bought a new stake in NVIDIA in the 2nd quarter valued at about $442,000. CAPROCK Group Inc. lifted its position in NVIDIA by 29.9% in the 2nd quarter. CAPROCK Group Inc. now owns 9,358 shares of the computer hardware maker’s stock valued at $1,353,000 after purchasing an additional 2,155 shares during the last quarter. Finally, Lyell Wealth Management LP lifted its position in NVIDIA by 175.8% in the 2nd quarter. Lyell Wealth Management LP now owns 9,860 shares of the computer hardware maker’s stock valued at $1,425,000 after purchasing an additional 6,285 shares during the last quarter. Hedge funds and other institutional investors own 64.14% of the company’s stock.

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About NVIDIA

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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