NVIDIA Lowered to Neutral at Susquehanna (NVDA)

NVIDIA (NASDAQ: NVDA) was downgraded by equities research analysts at Susquehanna from a “neutral” rating to a “neutral” rating in a research note issued to investors on Monday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of NVIDIA in a research note to investors on Monday, February 25th. They now have a $13.00 price target on the stock. Separately, analysts at Evercore Partners reiterated an “underweight” rating on shares of NVIDIA in a research note to investors on Wednesday, February 20th. They now have a $11.00 price target on the stock. Finally, analysts at Nomura cut their price target on shares of NVIDIA from $16.00 to $15.00 in a research note to investors on Friday, February 15th. They now have a “buy” rating on the stock.

Eight equities research analysts have rated the stock with a buy rating, two have given an overweight rating, twenty-four have issued a hold rating, and one has assigned a sell rating to the stock. NVIDIA has a consensus rating of “hold” and a consensus price target of $14.30.

Shares of NVIDIA opened at 12.82 on Monday. NVIDIA has a one year low of $11.15 and a one year high of $15.49. The stock’s 50-day moving average is currently $12.45. The company has a market cap of $7.951 billion and a P/E ratio of 14.24.

NVIDIA last issued its quarterly earnings data on Wednesday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $0.26 earnings per share. NVIDIA’s revenue was up 16.1% compared to the same quarter last year. Analysts expect that NVIDIA will post $0.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 21st. Investors of record on Thursday, February 28th will be paid a dividend of $0.08 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Tuesday, February 26th.

NVIDIA Corporation (NVIDIA) is engaged in creating the graphics chips used in personal computers (PCs).

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