Vetr lowered shares of NVIDIA Corporation (NASDAQ:NVDA) from a buy rating to a hold rating in a report released on Monday morning. They currently have $179.35 target price on the computer hardware maker’s stock.

Several other equities analysts have also issued reports on the stock. Evercore ISI lifted their target price on shares of NVIDIA Corporation from $180.00 to $250.00 and gave the company an outperform rating in a report on Friday, September 15th. Susquehanna Bancshares Inc lifted their target price on shares of NVIDIA Corporation from $140.00 to $155.00 and gave the company a neutral rating in a report on Thursday, September 14th. Jefferies Group LLC reiterated a buy rating and set a $180.00 target price on shares of NVIDIA Corporation in a report on Tuesday, September 12th. Canaccord Genuity reiterated a buy rating and set a $190.00 target price on shares of NVIDIA Corporation in a report on Friday, September 8th. Finally, Credit Suisse Group reiterated an outperform rating on shares of NVIDIA Corporation in a report on Thursday, August 31st. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. NVIDIA Corporation presently has an average rating of Hold and an average price target of $150.03.

Shares of NVIDIA Corporation (NVDA) opened at 185.84 on Monday. The company has a market capitalization of $111.50 billion, a price-to-earnings ratio of 53.45 and a beta of 1.25. The firm’s 50-day moving average price is $167.68 and its 200-day moving average price is $138.76. NVIDIA Corporation has a one year low of $63.27 and a one year high of $191.20. NVIDIA Corporation also was the target of unusually large options trading activity on Monday. Stock investors bought 104,416 put options on the stock. This represents an increase of 247% compared to the average daily volume of 30,111 put options.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the business posted $0.53 earnings per share. NVIDIA Corporation’s quarterly revenue was up 56.2% compared to the same quarter last year. Analysts anticipate that NVIDIA Corporation will post $3.61 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Thursday, August 24th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Tuesday, August 22nd. NVIDIA Corporation’s payout ratio is currently 15.86%.

In other news, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $150.29, for a total transaction of $15,029,000.00. Following the sale, the director now directly owns 30,762 shares in the company, valued at approximately $4,623,220.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A Brooke Seawell sold 30,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the sale, the director now owns 16,507 shares in the company, valued at $2,809,326.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 356,690 shares of company stock worth $58,137,873. Corporate insiders own 5.17% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in NVDA. Janus Henderson Group PLC raised its position in shares of NVIDIA Corporation by 5,424.4% during the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after buying an additional 4,022,728 shares in the last quarter. Wellington Management Group LLP raised its position in shares of NVIDIA Corporation by 499.0% during the 1st quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock valued at $447,156,000 after buying an additional 3,419,701 shares in the last quarter. Vanguard Group Inc. raised its position in shares of NVIDIA Corporation by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after buying an additional 2,676,976 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of NVIDIA Corporation by 46.6% during the 1st quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock valued at $572,695,000 after buying an additional 1,672,231 shares in the last quarter. Finally, Jackson Square Partners LLC purchased a new stake in shares of NVIDIA Corporation during the 2nd quarter valued at about $229,323,000. Hedge funds and other institutional investors own 65.79% of the company’s stock.

NVIDIA Corporation Company Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for NVIDIA Corporation (NASDAQ:NVDA)

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