BidaskClub downgraded shares of Nvidia (NASDAQ:NVDA) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday.
Other equities analysts have also recently issued research reports about the stock. Susquehanna Bancshares reiterated a neutral rating and issued a $200.00 target price (up previously from $185.00) on shares of Nvidia in a research report on Thursday, February 8th. Stifel Nicolaus raised their price target on shares of Nvidia from $184.00 to $220.00 and gave the stock a hold rating in a report on Friday, February 9th. They noted that the move was a valuation call. Deutsche Bank raised their price target on shares of Nvidia from $205.00 to $230.00 and gave the stock a hold rating in a report on Friday, February 9th. Zacks Investment Research raised shares of Nvidia from a hold rating to a buy rating and set a $262.00 price target on the stock in a report on Wednesday, January 24th. Finally, BMO Capital Markets raised their price target on shares of Nvidia from $200.00 to $225.00 and gave the stock a market perform rating in a report on Friday, February 9th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-five have issued a buy rating to the stock. Nvidia currently has an average rating of Buy and an average target price of $217.16.
Shares of NASDAQ:NVDA opened at $234.60 on Tuesday. The firm has a market capitalization of $137,335.94, a P/E ratio of 50.24, a price-to-earnings-growth ratio of 3.62 and a beta of 1.51. Nvidia has a 52 week low of $95.49 and a 52 week high of $254.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 7.34 and a current ratio of 8.03.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, February 22nd. Nvidia’s payout ratio is currently 12.85%.
In related news, Director Persis Drell sold 5,141 shares of the business’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $220.73, for a total transaction of $1,134,772.93. Following the sale, the director now owns 20,963 shares of the company’s stock, valued at $4,627,162.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James C. Gaither sold 40,359 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $245.67, for a total transaction of $9,914,995.53. The disclosure for this sale can be found here. Insiders have sold 94,959 shares of company stock worth $22,692,182 in the last three months. 5.82% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Raymond James Trust N.A. raised its holdings in Nvidia by 1.7% in the fourth quarter. Raymond James Trust N.A. now owns 12,693 shares of the computer hardware maker’s stock worth $2,457,000 after buying an additional 217 shares during the last quarter. Spectrum Management Group Inc. raised its holdings in Nvidia by 10.3% in the fourth quarter. Spectrum Management Group Inc. now owns 2,360 shares of the computer hardware maker’s stock worth $457,000 after buying an additional 220 shares during the last quarter. Baker Avenue Asset Management LP raised its holdings in Nvidia by 3.9% in the fourth quarter. Baker Avenue Asset Management LP now owns 6,302 shares of the computer hardware maker’s stock worth $1,219,000 after buying an additional 237 shares during the last quarter. First Citizens Bank & Trust Co. raised its holdings in Nvidia by 4.5% in the fourth quarter. First Citizens Bank & Trust Co. now owns 5,477 shares of the computer hardware maker’s stock worth $1,060,000 after buying an additional 238 shares during the last quarter. Finally, V Wealth Management LLC raised its holdings in Nvidia by 16.4% in the fourth quarter. V Wealth Management LLC now owns 1,720 shares of the computer hardware maker’s stock worth $380,000 after buying an additional 242 shares during the last quarter. 66.93% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: “Nvidia (NVDA) Downgraded by BidaskClub to “Buy”” was posted by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://dakotafinancialnews.com/2018/04/13/nvidia-nvda-downgraded-by-bidaskclub-to-buy.html.
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.
Receive News & Ratings for Nvidia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nvidia and related companies with MarketBeat.com's FREE daily email newsletter.