A number of firms have modified their ratings and price targets on shares of NVIDIA (NASDAQ: NVDA) recently:

  • 12/2/2018 – NVIDIA is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $145.00 price target on the stock.
  • 11/30/2018 – NVIDIA was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 11/26/2018 – NVIDIA is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $225.00 price target on the stock.
  • 11/26/2018 – NVIDIA had its “buy” rating reaffirmed by analysts at Tigress Financial.
  • 11/21/2018 – NVIDIA was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “NVIDIA recently reported dismal third-quarter fiscal 2019 results wherein both the top and the bottom-line results fell short of expectations. Weakness in the Gaming segment, affected by an excess inventory of midrange Pascal products, impacted the company’s results. Inventory level of midrange Pascal gaming cards remained higher-than-expected as demand from gamers failed to grow rapidly to offset the soft crypto currency-related requirement. Consequently, shipment was badly hurt as the price of graphic cards remained elevated. As the company plans to lower its excess channel inventories, it announced suspension of mid-range Pascal GPU shipments. All these impelled the management to issue a tepid guidance for the fiscal fourth quarter. Shares underperformed the industry year to date. However, growth opportunities in ray-traced gaming, rendering, high-performance computing, AI and self-driving cars are expected to remain tailwind.”
  • 11/21/2018 – NVIDIA was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 11/20/2018 – NVIDIA was downgraded by analysts at BNP Paribas from a “neutral” rating to an “underperform” rating.
  • 11/19/2018 – NVIDIA had its “buy” rating reaffirmed by analysts at Daiwa Capital Markets.
  • 11/16/2018 – NVIDIA had its price target lowered by analysts at Barclays PLC from $300.00 to $250.00. They now have an “overweight” rating on the stock.
  • 11/16/2018 – NVIDIA had its price target lowered by analysts at Wells Fargo & Co from $315.00 to $235.00. They now have an “outperform” rating on the stock.
  • 11/16/2018 – NVIDIA had its price target lowered by analysts at Oppenheimer Holdings Inc. from $310.00 to $250.00. They now have an “outperform” rating on the stock.
  • 11/16/2018 – NVIDIA had its price target lowered by analysts at Royal Bank of Canada to $260.00. They now have an “outperform” rating on the stock.
  • 11/16/2018 – NVIDIA had its price target lowered by analysts at Nomura from $225.00 to $200.00. They now have a “neutral” rating on the stock.
  • 11/16/2018 – NVIDIA had its price target lowered by analysts at MKM Partners to $235.00. They now have a “neutral” rating on the stock.
  • 11/16/2018 – NVIDIA had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $190.00 price target on the stock, down previously from $240.00.
  • 11/16/2018 – NVIDIA had its price target lowered by analysts at BMO Capital Markets from $225.00 to $175.00. They now have a “market perform” rating on the stock.
  • 11/16/2018 – NVIDIA had its price target lowered by analysts at Stifel Nicolaus from $250.00 to $200.00. They now have a “hold” rating on the stock.
  • 11/16/2018 – NVIDIA had its price target lowered by analysts at Deutsche Bank AG from $260.00 to $190.00. They now have a “hold” rating on the stock.
  • 11/16/2018 – NVIDIA had its price target lowered by analysts at Jefferies Financial Group Inc from $320.00 to $246.00. They now have a “buy” rating on the stock.
  • 11/16/2018 – NVIDIA had its price target lowered by analysts at Raymond James from $300.00 to $250.00. They now have a “buy” rating on the stock.
  • 11/16/2018 – NVIDIA had its price target lowered by analysts at Mizuho from $295.00 to $245.00. They now have a “buy” rating on the stock.
  • 11/16/2018 – NVIDIA had its price target lowered by analysts at SunTrust Banks, Inc. to $237.00. They now have a “buy” rating on the stock.
  • 11/16/2018 – NVIDIA had its price target lowered by analysts at Benchmark Co. from $310.00 to $240.00. They now have a “buy” rating on the stock.
  • 11/16/2018 – NVIDIA was downgraded by analysts at Goldman Sachs Group Inc from a “conviction-buy” rating to a “buy” rating. They now have a $200.00 price target on the stock, down previously from $283.00.
  • 11/13/2018 – NVIDIA was upgraded by analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating. They now have a $230.00 price target on the stock.
  • 11/13/2018 – NVIDIA was upgraded by analysts at UBS Group AG from a “neutral” rating to a “positive” rating.
  • 11/13/2018 – NVIDIA had its price target lowered by analysts at B. Riley from $250.00 to $240.00. They now have a “buy” rating on the stock.
  • 11/12/2018 – NVIDIA was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 11/12/2018 – NVIDIA had its price target lowered by analysts at Citigroup Inc from $300.00 to $270.00. They now have a “buy” rating on the stock.
  • 11/8/2018 – NVIDIA had its price target lowered by analysts at Morgan Stanley from $273.00 to $260.00. They now have an “overweight” rating on the stock.
  • 10/30/2018 – NVIDIA was upgraded by analysts at Morgan Stanley from a “neutral” rating to an “overweight” rating.
  • 10/30/2018 – NVIDIA was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $255.00 price target on the stock, down previously from $265.00.
  • 10/25/2018 – NVIDIA had its price target lowered by analysts at Bank of America Corp from $360.00 to $300.00. They now have a “buy” rating on the stock.
  • 10/24/2018 – NVIDIA was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/23/2018 – NVIDIA had its price target lowered by analysts at UBS Group AG from $280.00 to $260.00. They now have a “neutral” rating on the stock.
  • 10/18/2018 – NVIDIA was upgraded by analysts at Goldman Sachs Group Inc from a “buy” rating to a “conviction-buy” rating. They now have a $305.00 price target on the stock, down previously from $324.00.
  • 10/12/2018 – NVIDIA was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/12/2018 – NVIDIA had its “buy” rating reaffirmed by analysts at Argus. They now have a $300.00 price target on the stock.
  • 10/11/2018 – NVIDIA is now covered by analysts at Daiwa Capital Markets. They set a “buy” rating and a $335.00 price target on the stock.
  • 10/9/2018 – NVIDIA was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Shares of NVIDIA stock traded down $4.77 during trading on Friday, reaching $153.52. The company’s stock had a trading volume of 2,533,462 shares, compared to its average volume of 19,603,860. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.08 and a quick ratio of 6.20. NVIDIA Co. has a 12-month low of $133.31 and a 12-month high of $292.76. The company has a market cap of $95.84 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.28 and a beta of 1.97.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, November 15th. The computer hardware maker reported $1.67 EPS for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.06). The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.24 billion. NVIDIA had a return on equity of 51.60% and a net margin of 37.78%. On average, equities research analysts anticipate that NVIDIA Co. will post 6.45 EPS for the current fiscal year.

In other NVIDIA news, EVP Ajay K. Puri sold 90,831 shares of the business’s stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $289.35, for a total transaction of $26,281,949.85. Following the sale, the executive vice president now directly owns 184,001 shares in the company, valued at $53,240,689.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 11,576 shares of the business’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $266.31, for a total value of $3,082,804.56. Following the sale, the chief financial officer now owns 297,482 shares in the company, valued at $79,222,431.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,664 shares of company stock worth $32,335,927. 4.70% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of NVDA. Alps Advisors Inc. increased its stake in NVIDIA by 23.0% in the second quarter. Alps Advisors Inc. now owns 5,960 shares of the computer hardware maker’s stock valued at $1,153,000 after purchasing an additional 1,113 shares during the last quarter. Bainco International Investors boosted its position in shares of NVIDIA by 1.0% in the second quarter. Bainco International Investors now owns 23,650 shares of the computer hardware maker’s stock worth $5,603,000 after buying an additional 223 shares during the period. First Manhattan Co. boosted its position in shares of NVIDIA by 76.3% in the second quarter. First Manhattan Co. now owns 693 shares of the computer hardware maker’s stock worth $164,000 after buying an additional 300 shares during the period. Smith Asset Management Group LP boosted its position in shares of NVIDIA by 28.9% in the second quarter. Smith Asset Management Group LP now owns 43,893 shares of the computer hardware maker’s stock worth $10,398,000 after buying an additional 9,830 shares during the period. Finally, D.A. Davidson & CO. boosted its position in shares of NVIDIA by 4.4% in the second quarter. D.A. Davidson & CO. now owns 8,900 shares of the computer hardware maker’s stock worth $2,109,000 after buying an additional 379 shares during the period. Institutional investors own 67.56% of the company’s stock.

NVIDIA Corporation operates as a visual computing company worldwide. It operates through 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 AI utilizing deep learning, accelerated computing, and general purpose computing; GRID 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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