NVIDIA (NASDAQ:NVDA) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, BidAskClub reports.

A number of other research firms have also recently issued reports on NVDA. TheStreet upgraded shares of NVIDIA from a “c+” rating to a “b-” rating in a research note on Thursday, April 4th. DZ Bank cut shares of NVIDIA to a “sell” rating and set a $170.00 target price for the company. in a research note on Friday, April 12th. Nomura assumed coverage on shares of NVIDIA in a research note on Tuesday, April 2nd. They issued a “neutral” rating and a $147.00 target price for the company. Zacks Investment Research upgraded shares of NVIDIA from a “strong sell” rating to a “hold” rating in a research note on Monday, April 1st. Finally, UBS Group lifted their target price on shares of NVIDIA to $210.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-five have given a buy rating to the stock. NVIDIA has an average rating of “Hold” and a consensus target price of $198.93.

NVDA stock opened at $147.32 on Wednesday. The company has a quick ratio of 7.78, a current ratio of 8.98 and a debt-to-equity ratio of 0.25. The company has a market cap of $89.72 billion, a P/E ratio of 24.27, a P/E/G ratio of 3.93 and a beta of 1.85. NVIDIA has a 52 week low of $124.46 and a 52 week high of $292.76.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.07. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.20 billion. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The company’s revenue was down 30.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.05 earnings per share. As a group, analysts anticipate that NVIDIA will post 4.21 earnings per share for the current year.

In related news, CFO Colette Kress sold 14,092 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $183.33, for a total transaction of $2,583,486.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Debora Shoquist sold 5,823 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the transaction, the executive vice president now directly owns 171,783 shares in the company, valued at approximately $31,779,855. The disclosure for this sale can be found here. In the last three months, insiders sold 20,029 shares of company stock worth $3,678,385. Insiders own 4.64% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. TD Capital Management LLC bought a new position in NVIDIA during the fourth quarter worth $27,000. Capital Financial Planning LLC bought a new stake in NVIDIA in the 4th quarter valued at $28,000. Clarfeld Financial Advisors LLC bought a new stake in NVIDIA in the 4th quarter valued at $29,000. Harvest Group Wealth Management LLC bought a new stake in NVIDIA in the 1st quarter valued at $30,000. Finally, Truvestments Capital LLC bought a new stake in NVIDIA in the 1st quarter valued at $33,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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