NVIDIA (NVDA) Downgraded by DZ Bank to Sell
NVDA has been the topic of a number of other research reports. Zacks Investment Research raised NVIDIA from a strong sell rating to a hold rating in a research report on Monday, April 1st. ValuEngine raised NVIDIA from a sell rating to a hold rating in a research report on Friday, March 1st. Oppenheimer reissued an outperform rating and set a $250.00 price target on shares of NVIDIA in a research report on Wednesday, January 9th. TheStreet raised NVIDIA from a c+ rating to a b- rating in a research report on Thursday, April 4th. Finally, UBS Group increased their price target on NVIDIA to $210.00 and gave the stock a buy rating in a research report on Wednesday, March 20th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $204.46.
NVDA opened at $184.70 on Friday. NVIDIA has a 12-month low of $124.46 and a 12-month high of $292.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.76 and a current ratio of 7.94. The firm has a market cap of $115.62 billion, a PE ratio of 30.43, a PEG ratio of 4.62 and a beta of 1.90.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Thursday, February 28th. NVIDIA’s payout ratio is currently 10.54%.
In other NVIDIA news, EVP Debora Shoquist sold 5,823 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 171,783 shares in the company, valued at $31,779,855. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Colette Kress sold 14,092 shares of the stock in a transaction dated 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. In the last ninety days, insiders have sold 20,029 shares of company stock worth $3,678,385. 4.70% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in NVDA. Blue Fin Capital Inc. raised its stake in NVIDIA by 22.3% in the third quarter. Blue Fin Capital Inc. now owns 4,671 shares of the computer hardware maker’s stock valued at $1,313,000 after buying an additional 853 shares during the last quarter. Man Group plc raised its stake in NVIDIA by 5.6% in the third quarter. Man Group plc now owns 37,977 shares of the computer hardware maker’s stock valued at $10,673,000 after buying an additional 2,028 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in NVIDIA in the third quarter valued at about $347,000. Putnam Investments LLC raised its stake in NVIDIA by 0.5% in the third quarter. Putnam Investments LLC now owns 416,767 shares of the computer hardware maker’s stock valued at $117,120,000 after buying an additional 1,919 shares during the last quarter. Finally, Wakefield Asset Management LLLP purchased a new stake in NVIDIA in the third quarter valued at about $4,202,000. Institutional investors own 69.80% of the company’s stock.
NVIDIA Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates in 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 artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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