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

Hsbc Global Res cut shares of NVIDIA (NASDAQ:NVDA - Free Report) from a strong-buy rating to a hold rating in a report released on Thursday morning,Zacks.com reports.

Several other research analysts also recently weighed in on NVDA. Susquehanna reissued a "positive" rating and issued a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Thursday. William Blair reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Finally, Summit Insights cut NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Six research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $169.89.

NVIDIA Price Performance

NVDA traded up $3.33 during trading on Thursday, reaching $97.64. The stock had a trading volume of 608,632,566 shares, compared to its average volume of 313,989,460. NVIDIA has a 1-year low of $75.61 and a 1-year high of $195.95. The firm has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The stock has a 50 day moving average of $121.20 and a two-hundred day moving average of $131.19. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

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NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, equities analysts anticipate that NVIDIA will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA's payout ratio is presently 1.36%.

Insider Buying and Selling

In related news, Director John Dabiri sold 2,663 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 in the last 90 days. Insiders own 4.23% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. AMF Tjanstepension AB lifted its stake in NVIDIA by 2.2% in the 3rd quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock worth $976,348,000 after purchasing an additional 169,445 shares in the last quarter. Wealth Group Ltd. increased its position in shares of NVIDIA by 5.0% in the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock worth $680,000 after purchasing an additional 265 shares during the last quarter. SOA Wealth Advisors LLC. grew its stake in NVIDIA by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after buying an additional 350 shares in the last quarter. Swedbank AB raised its position in shares of NVIDIA by 4.8% during the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock valued at $4,965,526,000 after buying an additional 1,868,358 shares in the last quarter. Finally, Horizon Bancorp Inc. IN increased its position in shares of NVIDIA by 10.9% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 10,330 shares of the computer hardware maker's stock valued at $1,254,000 after purchasing an additional 1,018 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

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.