NVIDIA (NASDAQ:NVDA) Lowered to Hold Rating by Hsbc Global Res

NVIDIA (NASDAQ:NVDA) was downgraded by equities research analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. Barclays raised their target price on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Benchmark reaffirmed a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research note 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 Thursday, February 20th. Tigress Financial restated a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Finally, DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.89.

NVIDIA Stock Performance

NVDA opened at $94.31 on Thursday. The firm has a market cap of $2.30 trillion, a P/E ratio of 37.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The business’s fifty day moving average is $121.20 and its 200-day moving average is $130.96. NVIDIA has a 52-week low of $75.61 and a 52-week 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) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Sell-side analysts expect that NVIDIA will post 2.77 EPS for the current fiscal year.

Insider Transactions at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now owns 251,044 shares of the company’s stock, valued at $28,993,071.56. This trade represents a 17.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 183,609 shares of company stock valued at $22,642,615 in the last 90 days. 4.23% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NVIDIA

Hedge funds have recently added to or reduced their stakes in the stock. Kings Path Partners LLC lifted its holdings in shares of NVIDIA by 1,000.0% in the first quarter. Kings Path Partners LLC now owns 11,000 shares of the computer hardware maker’s stock valued at $1,192,000 after purchasing an additional 10,000 shares in the last quarter. Farmers Trust Co. lifted its stake in NVIDIA by 1.9% during the 1st quarter. Farmers Trust Co. now owns 6,541 shares of the computer hardware maker’s stock valued at $709,000 after acquiring an additional 125 shares in the last quarter. Moody National Bank Trust Division boosted its holdings in NVIDIA by 0.6% during the 1st quarter. Moody National Bank Trust Division now owns 302,517 shares of the computer hardware maker’s stock worth $32,787,000 after acquiring an additional 1,946 shares during the last quarter. Baring Financial LLC grew its stake in shares of NVIDIA by 24.7% in the 1st quarter. Baring Financial LLC now owns 13,107 shares of the computer hardware maker’s stock worth $1,421,000 after acquiring an additional 2,592 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of NVIDIA by 116.0% in the first quarter. Versant Capital Management Inc now owns 60,279 shares of the computer hardware maker’s stock valued at $6,533,000 after purchasing an additional 32,374 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

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.