NVIDIA (NASDAQ:NVDA) Downgraded to “Hold” Rating by HSBC

HSBC lowered shares of NVIDIA (NASDAQ:NVDA) from a buy rating to a hold rating in a report released on Thursday, MarketBeat.com reports. HSBC currently has $120.00 price target on the computer hardware maker’s stock.

Several other analysts also recently weighed in on NVDA. KeyCorp set a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Benchmark reissued a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research report on Wednesday, March 19th. Summit Insights lowered NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $169.89.

NVIDIA Stock Performance

NVDA stock opened at $94.31 on Thursday. NVIDIA has a one year low of $75.61 and a one year high of $195.95. The firm has a market cap of $2.30 trillion, a price-to-earnings ratio of 37.12, a PEG ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a 50-day simple moving average of $121.20 and a two-hundred day simple moving average of $131.07.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. On average, equities analysts forecast that NVIDIA will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In other news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 183,609 shares of company stock valued at $22,642,615 in the last 90 days. 4.23% of the stock is owned by insiders.

Hedge Funds Weigh In On NVIDIA

Several institutional investors and hedge funds have recently bought and sold shares of NVDA. Tacita Capital Inc purchased a new position in shares of NVIDIA during the 4th quarter worth $28,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the fourth quarter worth about $34,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA during the fourth quarter valued at about $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA in the 4th quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in shares of NVIDIA during the 4th quarter worth approximately $46,000. 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.