NVIDIA (NASDAQ:NVDA) Upgraded by Seaport Res Ptn to "Strong Sell" Rating

Seaport Res Ptn upgraded shares of NVIDIA (NASDAQ:NVDA - Free Report) to a strong sell rating in a report published on Wednesday morning,Zacks.com reports.

Other analysts have also issued reports about the stock. Benchmark reiterated a "buy" rating and set a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Wedbush reissued an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Bank of America cut their price target on shares of NVIDIA from $200.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average target price of $164.96.

NVIDIA Trading Down 0.5 %

Shares of NVDA stock traded down $0.59 on Wednesday, hitting $113.91. 64,890,549 shares of the company's stock traded hands, compared to its average volume of 299,498,699. The stock has a market capitalization of $2.78 trillion, a price-to-earnings ratio of 44.81, a P/E/G ratio of 1.76 and a beta of 2.11. The company's fifty day simple moving average is $110.85 and its 200 day simple moving average is $128.08. NVIDIA has a one year low of $86.62 and a one year high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Equities analysts forecast that NVIDIA will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 in the last 90 days. Company insiders own 4.23% of the company's stock.

Institutional Investors Weigh In On NVIDIA

Several large investors have recently made changes to their positions in the company. Tacita Capital Inc purchased a new stake in NVIDIA during the fourth quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the 4th quarter valued at about $34,000. Vision Financial Markets LLC purchased a new position in NVIDIA in the fourth quarter worth about $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA during the fourth quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in NVIDIA during the fourth quarter valued at approximately $46,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Company Profile

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.