NVIDIA (NASDAQ:NVDA) Downgraded to “Neutral” at New Street Research

New Street Research lowered shares of NVIDIA (NASDAQ:NVDA) from a buy rating to a neutral rating in a report released on Friday, Marketbeat.com reports.

Several other research analysts have also commented on the stock. TD Cowen lifted their price target on shares of NVIDIA from $120.00 to $140.00 and gave the company a buy rating in a report on Monday, June 10th. Evercore ISI boosted their target price on shares of NVIDIA from $131.00 to $145.00 and gave the company an outperform rating in a research note on Tuesday, June 11th. Jefferies Financial Group boosted their target price on shares of NVIDIA from $135.00 to $150.00 and gave the company a buy rating in a research note on Monday, June 24th. Bank of America boosted their target price on shares of NVIDIA from $132.00 to $150.00 and gave the company a buy rating in a research note on Monday, June 3rd. Finally, Needham & Company LLC boosted their price target on shares of NVIDIA from $85.00 to $120.00 and gave the stock a buy rating in a research report on Thursday, May 23rd. Six equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $127.07.

NVIDIA Trading Up 1.9 %

NASDAQ NVDA opened at $128.20 on Friday. NVIDIA has a one year low of $39.23 and a one year high of $140.76. The company has a 50-day simple moving average of $111.40 and a 200-day simple moving average of $86.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.14 and a current ratio of 3.53. The firm has a market capitalization of $3.15 trillion, a PE ratio of 74.97, a price-to-earnings-growth ratio of 1.33 and a beta of 1.68.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 EPS for the quarter, beating the consensus estimate of $0.51 by $0.10. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The business had revenue of $26.04 billion during the quarter, compared to analyst estimates of $24.59 billion. During the same period in the previous year, the business posted $0.09 EPS. The company’s quarterly revenue was up 262.1% on a year-over-year basis. On average, equities analysts forecast that NVIDIA will post 2.53 earnings per share for the current year.

NVIDIA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 11th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, June 11th. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. NVIDIA’s payout ratio is presently 2.34%.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $124.28, for a total value of $14,913,600.00. Following the completion of the sale, the chief executive officer now directly owns 79,734,995 shares of the company’s stock, valued at $9,909,465,178.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NVIDIA news, Director Dawn E. Hudson sold 150,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $105.92, for a total value of $15,888,000.00. Following the completion of the sale, the director now directly owns 555,000 shares of the company’s stock, valued at $58,785,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $124.28, for a total transaction of $14,913,600.00. Following the completion of the sale, the chief executive officer now directly owns 79,734,995 shares of the company’s stock, valued at $9,909,465,178.60. The disclosure for this sale can be found here. Insiders sold 1,999,590 shares of company stock valued at $348,994,385 over the last ninety days. Corporate insiders own 4.23% of the company’s stock.

Institutional Trading of NVIDIA

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hamilton Wealth LLC lifted its stake in shares of NVIDIA by 0.3% in the first quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker’s stock worth $2,839,000 after buying an additional 9 shares during the last quarter. Brooklyn FI LLC lifted its stake in shares of NVIDIA by 2.5% in the first quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker’s stock worth $442,000 after buying an additional 12 shares during the last quarter. Curran Financial Partners LLC lifted its stake in shares of NVIDIA by 1.8% in the first quarter. Curran Financial Partners LLC now owns 691 shares of the computer hardware maker’s stock worth $625,000 after buying an additional 12 shares during the last quarter. Beacon Bridge Wealth Partners LLC lifted its stake in shares of NVIDIA by 2.6% in the first quarter. Beacon Bridge Wealth Partners LLC now owns 473 shares of the computer hardware maker’s stock worth $428,000 after buying an additional 12 shares during the last quarter. Finally, M. Kraus & Co raised its stake in NVIDIA by 2.0% during the 1st quarter. M. Kraus & Co now owns 657 shares of the computer hardware maker’s stock valued at $594,000 after purchasing an additional 13 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.