Investment Analysts’ Recent Ratings Changes for NVIDIA (NVDA)

Several analysts have recently updated their ratings and price targets for NVIDIA (NASDAQ: NVDA):

  • 5/22/2019 – NVIDIA was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 5/17/2019 – NVIDIA was downgraded by analysts at Summit Redstone to a “hold” rating.
  • 5/17/2019 – NVIDIA was downgraded by analysts at Summit Insights from a “buy” rating to a “hold” rating. They now have a $158.57 price target on the stock.
  • 5/17/2019 – NVIDIA had its price target lowered by analysts at UBS Group AG from $210.00 to $195.00. They now have a “buy” rating on the stock.
  • 5/16/2019 – NVIDIA was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “NVIDIA has been putting in a lot of effort to strengthen its position in several emerging industries. Growth across Datacenter, Professional Visualization and Automotive segments is expected to be a key catalyst. Further, the company’s latest acquisition of Mellanox Technologies is likely to be a key driver as it will strengthen its datacenter footprint and competitive edge. Estimates have been stable lately ahead of the company’s first-quarter earnings release. Shares have outperformed the industry year to date. However, NVIDIA is hurt by weakness in the gaming business. Suspension of mid-range Pascal GPU shipments following tepid demand from crypto miners in order to normalize channel inventory levels is an overhang.”
  • 5/15/2019 – NVIDIA was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $181.00 price target on the stock. According to Zacks, “NVIDIA has been putting in a lot of effort to strengthen its position in several emerging industries. Growth across Datacenter, Professional Visualization and Automotive segments is expected to be a key catalyst. Further, the company’s latest acquisition of Mellanox Technologies is likely to be a key driver as it will strengthen its datacenter footprint and competitive edge. Estimates have been stable lately ahead of the company’s first-quarter earnings release. Shares have outperformed the industry year to date. However, NVIDIA is hurt by weakness in the gaming business. Suspension of mid-range Pascal GPU shipments following tepid demand from crypto miners in order to normalize channel inventory levels is an overhang.”
  • 5/14/2019 – NVIDIA had its price target lowered by analysts at Stifel Nicolaus from $150.00 to $145.00. They now have a “hold” rating on the stock.
  • 5/13/2019 – NVIDIA had its price target raised by analysts at Royal Bank of Canada to $200.00. They now have an “outperform” rating on the stock.
  • 5/13/2019 – NVIDIA had its price target raised by analysts at Morgan Stanley from $148.00 to $170.00. They now have an “equal weight” rating on the stock.
  • 5/8/2019 – NVIDIA was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 4/16/2019 – NVIDIA was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 4/12/2019 – NVIDIA was downgraded by analysts at DZ Bank AG to a “sell” rating. They now have a $170.00 price target on the stock.
  • 4/5/2019 – NVIDIA was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 4/4/2019 – NVIDIA was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 4/2/2019 – NVIDIA is now covered by analysts at Nomura. They set a “neutral” rating and a $147.00 price target on the stock.
  • 4/1/2019 – NVIDIA was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “NVIDIA has been putting in a lot of effort to strengthen its position in several emerging industries. Growth across Datacenter, Professional Visualization and Automotive segments is expected to be a key catalyst. Further, the company’s latest acquisition of Mellanox Technologies is likely to be a key driver as it will strengthen its datacenter footprint and competitive edge. However, NVIDIA is hurt by weakness in the gaming business. Suspension of mid-range Pascal GPU shipments following tepid demand from crypto miners in order to normalize channel inventory levels is an overhang. Waning macro-economic conditions, particularly in China, are inducing soft consumer demand for GPUs. Shares have underperformed the industry in the past year.”
  • 3/26/2019 – NVIDIA is now covered by analysts at Piper Jaffray Companies. They set an “overweight” rating and a $200.00 price target on the stock.

Shares of NASDAQ:NVDA opened at $152.20 on Thursday. The company has a market cap of $95.25 billion, a P/E ratio of 25.07, a PEG ratio of 3.84 and a beta of 1.85. NVIDIA Co. has a 12 month low of $124.46 and a 12 month high of $292.76. The company has a current ratio of 7.94, a quick ratio of 6.76 and a debt-to-equity ratio of 0.21.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.20 billion. NVIDIA had a return on equity of 31.69% and a net margin of 30.68%. The firm’s revenue was down 30.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 earnings per share. As a group, analysts anticipate that NVIDIA Co. will post 4.44 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 31st will be issued a $0.16 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.42%. NVIDIA’s dividend payout ratio is currently 10.54%.

In other NVIDIA news, EVP Debora Shoquist sold 5,823 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total value of $1,077,255.00. Following the transaction, the executive vice president now owns 171,783 shares of the company’s stock, valued at $31,779,855. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 14,092 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $183.33, for a total value of $2,583,486.36. The disclosure for this sale can be found here. Insiders sold 20,029 shares of company stock worth $3,678,385 in the last ninety days. 4.64% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of NVDA. TD Capital Management LLC acquired a new stake in NVIDIA during the 4th quarter valued at $27,000. Capital Financial Planning LLC purchased a new position in shares of NVIDIA during the 4th quarter valued at $28,000. Clarfeld Financial Advisors LLC purchased a new position in shares of NVIDIA during the 4th quarter valued at $29,000. Harvest Group Wealth Management LLC purchased a new position in shares of NVIDIA during the 1st quarter valued at $30,000. Finally, Truvestments Capital LLC purchased a new position in shares of NVIDIA during the 1st quarter valued at $33,000. 70.03% of the stock is currently owned by institutional investors.

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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