NVIDIA (NVDA) Downgraded by ValuEngine to “Hold”
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.
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.
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.
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