NVIDIA (NASDAQ:NVDA) Downgraded to C+ at TheStreet

TheStreet lowered shares of NVIDIA (NASDAQ:NVDAGet Rating) from a b- rating to a c+ rating in a research note issued to investors on Thursday, TheStreetRatingsTable reports.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company lowered their price target on NVIDIA from $370.00 to $250.00 and set an overweight rating for the company in a report on Friday, May 20th. Oppenheimer decreased their target price on NVIDIA from $350.00 to $300.00 and set an outperform rating for the company in a report on Thursday, May 19th. Morgan Stanley decreased their target price on NVIDIA from $217.00 to $182.00 and set an equal weight rating for the company in a report on Thursday, May 26th. Jefferies Financial Group decreased their target price on NVIDIA from $370.00 to $280.00 in a report on Thursday, August 25th. Finally, Fubon Bank cut NVIDIA from a buy rating to a neutral rating in a report on Thursday, August 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $216.68.

NVIDIA Trading Up 2.1 %

Shares of NVDA stock opened at $131.98 on Thursday. The firm has a 50-day moving average price of $164.50 and a 200 day moving average price of $188.10. NVIDIA has a twelve month low of $126.17 and a twelve month high of $346.47. The company has a market capitalization of $328.63 billion, a price-to-earnings ratio of 43.27, a PEG ratio of 4.33 and a beta of 1.69. The company has a current ratio of 3.62, a quick ratio of 3.11 and a debt-to-equity ratio of 0.41.

NVIDIA (NASDAQ:NVDAGet Rating) last announced its earnings results on Wednesday, August 24th. The computer hardware maker reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.05). The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.70 billion. NVIDIA had a net margin of 26.03% and a return on equity of 36.83%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS. Research analysts forecast that NVIDIA will post 2.49 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 8th will be given a dividend of $0.04 per share. The ex-dividend date is Wednesday, September 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.12%. NVIDIA’s dividend payout ratio (DPR) is currently 5.25%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rather & Kittrell Inc. bought a new stake in NVIDIA in the fourth quarter worth $26,000. Claremont Financial Group Inc. purchased a new position in NVIDIA during the fourth quarter valued at approximately $29,000. Emerson Wealth LLC purchased a new position in shares of NVIDIA in the first quarter worth $27,000. Clear Perspectives Financial Planning LLC purchased a new position in shares of NVIDIA in the first quarter worth $28,000. Finally, Roble Belko & Company Inc lifted its holdings in shares of NVIDIA by 550.0% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock worth $28,000 after buying an additional 88 shares in the last quarter. 62.58% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Company Profile

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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