Nvidia (NVDA) Downgraded by BidaskClub to “Buy”

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.



Nvidia (NASDAQ:NVDA) last issued its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.56. The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Nvidia had a net margin of 31.36% and a return on equity of 45.02%. The firm’s revenue was up 34.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.13 EPS. equities analysts forecast that Nvidia will post 6.09 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for Nvidia (NASDAQ:NVDA)

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