NVIDIA (NASDAQ:NVDA) Hits New 52-Week Low After Analyst Downgrade

Shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) hit a new 52-week low during mid-day trading on Thursday after Susquehanna Bancshares lowered their price target on the stock from $200.00 to $190.00. Susquehanna Bancshares currently has a positive rating on the stock. NVIDIA traded as low as $125.25 and last traded at $125.98, with a volume of 1078505 shares traded. The stock had previously closed at $132.61.

Other equities analysts also recently issued reports about the company. Cowen cut their target price on NVIDIA from $350.00 to $265.00 and set an “outperform” rating for the company in a research note on Thursday, May 26th. TheStreet cut NVIDIA from a “b-” rating to a “c+” rating in a report on Thursday, September 15th. Wedbush restated a “neutral” rating and issued a $160.00 price target on shares of NVIDIA in a report on Wednesday. Stifel Nicolaus began coverage on NVIDIA in a report on Wednesday, September 7th. They issued a “hold” rating and a $165.00 price target on the stock. Finally, Jefferies Financial Group lowered their price target on NVIDIA from $370.00 to $280.00 in a report on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $214.91.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NVDA. GSA Capital Partners LLP purchased a new position in shares of NVIDIA in the 4th quarter worth $237,000. Summit Global Investments raised its position in NVIDIA by 42.5% in the fourth quarter. Summit Global Investments now owns 1,761 shares of the computer hardware maker’s stock valued at $518,000 after purchasing an additional 525 shares during the period. Rodgers Brothers Inc. purchased a new position in NVIDIA in the fourth quarter valued at about $267,000. Gordian Capital Singapore Pte Ltd purchased a new position in NVIDIA in the fourth quarter valued at about $4,716,000. Finally, IHT Wealth Management LLC raised its position in NVIDIA by 3.3% in the fourth quarter. IHT Wealth Management LLC now owns 44,046 shares of the computer hardware maker’s stock valued at $12,954,000 after purchasing an additional 1,415 shares during the period. 62.58% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Down 5.3 %

The firm has a 50-day simple moving average of $162.82 and a 200 day simple moving average of $185.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 3.11. The company has a market capitalization of $312.77 billion, a PE ratio of 41.18, a price-to-earnings-growth ratio of 4.32 and a beta of 1.69.

NVIDIA (NASDAQ:NVDAGet Rating) last released its quarterly earnings data on Wednesday, August 24th. The computer hardware maker reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). NVIDIA had a net margin of 26.03% and a return on equity of 36.83%. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.70 billion. During the same period last year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, research analysts predict that NVIDIA Co. will post 2.49 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced 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. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend is Wednesday, September 7th. NVIDIA’s payout ratio is 5.25%.

NVIDIA Company Profile

(Get Rating)

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.

Featured Articles

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.