Zacks Investment Research downgraded shares of NVIDIA (NASDAQ:NVDA) from a strong-buy rating to a hold rating in a research note published on Monday.

According to Zacks, “A look at the world’s leading graphics chipmaker, NVIDIA’s last one year price performance shows that the company has outperformed the industry to which it belongs to, thanks to the company’s positive record of earnings surprises in the recent quarters. NVIDIA’s sustained efforts toward attaining robust position in several emerging industries such as Artificial Intelligence (AI), deep learning and driverless cars industry, makes us optimistic about its growth prospect. NVIDIA’s innovative product pipeline and strength in gaming and high-end notebook GPUs remain the positives. The company’s focus on GRID platforms can increase GPU adoption in data centers, giving it an advantage against its competitors. Nonetheless, the continuous decline in PC sales remains a concern.”

NVDA has been the subject of a number of other research reports. Mizuho restated a buy rating and issued a $225.00 price objective on shares of NVIDIA in a research report on Tuesday, November 28th. Vetr raised shares of NVIDIA from a hold rating to a buy rating and set a $196.86 target price for the company in a report on Tuesday, October 10th. Goldman Sachs Group increased their target price on shares of NVIDIA from $193.00 to $217.00 and gave the company a buy rating in a report on Wednesday, October 11th. B. Riley increased their target price on shares of NVIDIA from $200.00 to $250.00 and gave the company a buy rating in a report on Monday, November 6th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $200.00 target price on shares of NVIDIA in a report on Thursday, September 28th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. NVIDIA presently has a consensus rating of Buy and a consensus price target of $193.10.

Shares of NVIDIA (NASDAQ NVDA) traded up $5.80 during trading hours on Monday, reaching $230.24. 12,130,000 shares of the company were exchanged, compared to its average volume of 12,390,000. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. The firm has a market capitalization of $139,530.00, a P/E ratio of 57.56, a P/E/G ratio of 5.23 and a beta of 1.18. NVIDIA has a 1 year low of $95.17 and a 1 year high of $231.09.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.39. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The firm’s revenue was up 31.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 earnings per share. analysts predict that NVIDIA will post 4.19 earnings per share for the current fiscal year.

In other NVIDIA news, CFO Colette Kress sold 171 shares of NVIDIA stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total value of $31,732.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dawn E. Hudson sold 15,000 shares of NVIDIA stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $213.44, for a total transaction of $3,201,600.00. Following the completion of the sale, the director now directly owns 46,868 shares of the company’s stock, valued at $10,003,505.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,858 shares of company stock valued at $4,227,384. Corporate insiders own 5.82% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Carnegie Capital Asset Management LLC grew its stake in NVIDIA by 0.4% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock worth $1,212,000 after acquiring an additional 30 shares during the period. Pinebridge Investments L.P. grew its stake in NVIDIA by 1.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock worth $271,000 after acquiring an additional 33 shares during the period. BRYN MAWR TRUST Co boosted its holdings in shares of NVIDIA by 1.0% in the 2nd quarter. BRYN MAWR TRUST Co now owns 5,050 shares of the computer hardware maker’s stock valued at $731,000 after purchasing an additional 50 shares during the last quarter. Arete Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 1.7% in the 2nd quarter. Arete Wealth Advisors LLC now owns 2,934 shares of the computer hardware maker’s stock valued at $424,000 after purchasing an additional 50 shares during the last quarter. Finally, HCR Wealth Advisors boosted its holdings in shares of NVIDIA by 4.8% in the 2nd quarter. HCR Wealth Advisors now owns 2,202 shares of the computer hardware maker’s stock valued at $318,000 after purchasing an additional 100 shares during the last quarter. 63.40% of the stock is owned by hedge funds and other institutional investors.

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NVIDIA 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.

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