Nvidia Corp. (NASDAQ:NVDA) was downgraded by equities researchers at Vetr from a “hold” rating to a “strong sell” rating in a research note issued on Monday. They presently have a $76.62 target price on the computer hardware maker’s stock. Vetr‘s target price indicates a potential downside of 11.10% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. Jefferies Group reiterated a “buy” rating and issued a $80.00 price objective on shares of Nvidia Corp. in a report on Monday, October 24th. Zacks Investment Research upgraded Nvidia Corp. from a “hold” rating to a “strong-buy” rating and set a $78.00 price objective on the stock in a report on Monday, November 7th. Pacific Crest reiterated a “hold” rating on shares of Nvidia Corp. in a report on Friday, August 5th. Canaccord Genuity reiterated a “buy” rating and issued a $70.00 price objective on shares of Nvidia Corp. in a report on Monday, August 29th. Finally, Summit Redstone assumed coverage on Nvidia Corp. in a report on Wednesday, August 31st. They issued a “buy” rating and a $68.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. Nvidia Corp. has a consensus rating of “Buy” and an average price target of $71.58.

Analyst Recommendations for Nvidia Corp. (NASDAQ:NVDA)

Shares of Nvidia Corp. (NASDAQ:NVDA) opened at 86.19 on Monday. The stock has a 50 day moving average price of $69.77 and a 200 day moving average price of $56.85. Nvidia Corp. has a one year low of $24.75 and a one year high of $88.77. The stock has a market capitalization of $46.37 billion, a P/E ratio of 44.04 and a beta of 1.17.

Nvidia Corp. (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, November 10th. The computer hardware maker reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.37. Nvidia Corp. had a return on equity of 26.82% and a net margin of 19.52%. The firm earned $2 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the business earned $0.44 EPS. Nvidia Corp.’s revenue for the quarter was up 53.6% compared to the same quarter last year. Equities analysts forecast that Nvidia Corp. will post $2.42 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, November 28th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.56 dividend on an annualized basis and a yield of 0.65%. This is a positive change from Nvidia Corp.’s previous quarterly dividend of $0.12. Nvidia Corp.’s dividend payout ratio (DPR) is 24.08%.

In related news, Director A Brooke Seawell sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $87.74, for a total transaction of $3,070,900.00. Following the sale, the director now owns 41,213 shares in the company, valued at $3,616,028.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 38,039 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $62.18, for a total transaction of $2,365,265.02. Following the sale, the chief financial officer now owns 512,374 shares in the company, valued at approximately $31,859,415.32. The disclosure for this sale can be found here. Corporate insiders own 5.82% of the company’s stock.

A number of hedge funds have recently made changes to their positions in NVDA. West Oak Capital LLC raised its stake in shares of Nvidia Corp. by 183.6% in the third quarter. West Oak Capital LLC now owns 1,560 shares of the computer hardware maker’s stock worth $107,000 after buying an additional 1,010 shares during the period. Cornerstone Advisors Inc. raised its stake in shares of Nvidia Corp. by 52.2% in the third quarter. Cornerstone Advisors Inc. now owns 1,784 shares of the computer hardware maker’s stock worth $122,000 after buying an additional 612 shares during the period. Stephens Inc. AR raised its stake in shares of Nvidia Corp. by 10.2% in the third quarter. Stephens Inc. AR now owns 1,926 shares of the computer hardware maker’s stock worth $132,000 after buying an additional 179 shares during the period. Advisors Preferred LLC raised its stake in shares of Nvidia Corp. by 791.9% in the third quarter. Advisors Preferred LLC now owns 2,310 shares of the computer hardware maker’s stock worth $158,000 after buying an additional 2,051 shares during the period. Finally, Brick & Kyle Associates raised its stake in shares of Nvidia Corp. by 25.1% in the second quarter. Brick & Kyle Associates now owns 2,502 shares of the computer hardware maker’s stock worth $118,000 after buying an additional 502 shares during the period. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Nvidia Corp. Company Profile

NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.

5 Day Chart for NASDAQ:NVDA

Receive News & Stock Ratings for Nvidia Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nvidia Corp. and related stocks with our FREE daily email newsletter.