NVIDIA (NASDAQ:NVDA) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “A look at the world’s leading graphics chipmaker, NVIDIA’s last one year price performance shows that the company has outperformed the industry to which it belongs to, thanks to the company’s positive record of earnings surprises in the recent quarters. NVIDIA’s sustained efforts toward attaining robust position in several emerging industries such as Artificial Intelligence (AI), deep learning and driverless cars industry, makes us optimistic about its growth prospect. NVIDIA’s innovative product pipeline and strength in gaming and high-end notebook GPUs remain the positives. The company’s focus on GRID platforms can increase GPU adoption in data centers, giving it an advantage against its competitors. Nonetheless, the continuous decline in PC sales remains a concern.”

Several other research firms have also commented on NVDA. B. Riley reaffirmed a “buy” rating and set a $270.00 price target on shares of NVIDIA in a research report on Monday, January 8th. BidaskClub raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Thursday. SunTrust Banks lifted their price target on shares of NVIDIA to $253.00 and gave the company a “buy” rating in a research 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 research report on Friday, November 10th. Finally, Bank of America lifted their price target on shares of NVIDIA from $210.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $192.04.

NVIDIA (NASDAQ NVDA) traded down $1.10 on Monday, reaching $222.98. 8,983,142 shares of the company’s stock were exchanged, compared to its average volume of 14,334,522. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. NVIDIA has a twelve month low of $95.17 and a twelve month high of $226.27. The stock has a market cap of $134,990.00, a price-to-earnings ratio of 55.75, a price-to-earnings-growth ratio of 5.19 and a beta of 1.18.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.39. The firm had revenue of $2.64 billion for 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 for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. sell-side analysts forecast that NVIDIA will post 4.19 EPS for the current year.

In other NVIDIA news, Director Persis Drell sold 606 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total value of $119,424.42. Following the completion of the transaction, the director now owns 26,104 shares in the company, valued at $5,144,315.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dawn E. Hudson sold 15,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $213.44, for a total transaction of $3,201,600.00. Following the completion of the transaction, the director now owns 46,868 shares of the company’s stock, valued at approximately $10,003,505.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,858 shares of company stock valued at $4,227,384. Insiders own 5.17% of the company’s stock.

Large investors have recently bought and sold shares of the business. Welch Investments LLC acquired a new position in shares of NVIDIA in the third quarter worth $104,000. Evercore Wealth Management LLC grew its stake in shares of NVIDIA by 36.9% during the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after purchasing an additional 206 shares in the last quarter. Country Trust Bank grew its stake in shares of NVIDIA by 490.0% during the fourth quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock worth $114,000 after purchasing an additional 490 shares in the last quarter. North Star Investment Management Corp. grew its stake in shares of NVIDIA by 67.3% during the fourth quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock worth $123,000 after purchasing an additional 255 shares in the last quarter. Finally, Edge Advisors LLC grew its stake in shares of NVIDIA by 98.8% during the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock worth $149,000 after purchasing an additional 415 shares in the last quarter. Institutional investors and hedge funds own 63.40% of the company’s stock.

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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.

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