NVIDIA (NASDAQ:NVDA) was downgraded by investment analysts at DZ Bank from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, The Fly reports.

NVDA has been the topic of a number of other research reports. Zacks Investment Research cut shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Wells Fargo & Co reissued a “buy” rating on shares of NVIDIA in a report on Monday, August 12th. Cascend Securities raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Thursday, July 11th. Susquehanna Bancshares set a $190.00 price objective on shares of NVIDIA and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Nomura reissued a “hold” rating on shares of NVIDIA in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $190.40.

NVDA stock traded down $2.33 during midday trading on Friday, reaching $181.94. 4,487,242 shares of the company were exchanged, compared to its average volume of 12,796,570. The company has a debt-to-equity ratio of 0.24, a quick ratio of 7.74 and a current ratio of 8.65. NVIDIA has a 1-year low of $124.46 and a 1-year high of $292.76. The stock’s 50-day simple moving average is $166.12 and its 200 day simple moving average is $165.69. The company has a market cap of $111.56 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 4.70 and a beta of 2.07.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.37. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The company had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the company earned $1.94 earnings per share. The firm’s revenue for the quarter was down 17.4% on a year-over-year basis. On average, research analysts anticipate that NVIDIA will post 4.08 earnings per share for the current year.

In related news, Director Harvey C. Jones sold 100,000 shares of NVIDIA stock in a transaction on Monday, June 17th. The shares were sold at an average price of $145.10, for a total value of $14,510,000.00. Following the transaction, the director now directly owns 32,983 shares in the company, valued at approximately $4,785,833.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Persis Drell sold 2,500 shares of NVIDIA stock in a transaction on Monday, July 15th. The shares were sold at an average price of $166.80, for a total transaction of $417,000.00. Following the completion of the transaction, the director now owns 20,684 shares in the company, valued at $3,450,091.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,597 shares of company stock worth $21,275,952. 4.64% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of NVDA. FMR LLC boosted its position in shares of NVIDIA by 1.8% during the 1st quarter. FMR LLC now owns 49,860,097 shares of the computer hardware maker’s stock worth $8,952,880,000 after purchasing an additional 858,116 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of NVIDIA by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 45,990,868 shares of the computer hardware maker’s stock worth $7,553,081,000 after purchasing an additional 528,040 shares in the last quarter. Jennison Associates LLC boosted its position in shares of NVIDIA by 10.6% during the 2nd quarter. Jennison Associates LLC now owns 8,690,058 shares of the computer hardware maker’s stock worth $1,427,168,000 after purchasing an additional 832,508 shares in the last quarter. Edgewood Management LLC boosted its position in shares of NVIDIA by 0.4% during the 2nd quarter. Edgewood Management LLC now owns 7,890,343 shares of the computer hardware maker’s stock worth $1,295,831,000 after purchasing an additional 31,623 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of NVIDIA by 4.3% during the 2nd quarter. Invesco Ltd. now owns 7,364,460 shares of the computer hardware maker’s stock worth $1,209,466,000 after purchasing an additional 304,337 shares in the last quarter. Hedge funds and other institutional investors own 64.51% of the company’s stock.

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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