The shares of NVIDIA Corporation (NASDAQ:NVDA) has been pegged with a rating of Neutral by Nomura in its latest research note that was published on April 3rd, 2019. Nomura wasn’t the only research firm that published a report of NVIDIA Corporation, with other equities research analysts also giving their opinion on the stock. Piper Jaffray advised investors in its research note published on March 26th, 2019, to Overweight the NVDA stock while also putting a $200 price target. The stock had earned Overweight rating from Atlantic Equities when it published its report on February 22nd, 2019. That day the Atlantic Equities set price target on the stock to $195. The stock was given Outperform rating by Cowen in its report released on February 15th, 2019, the day when the price target on the stock was placed at $195. Citigroup was of a view that NVDA is Buy in its latest report on February 11th, 2019 while giving it a price target of $200. Bernstein thinks that NVDA is worth Mkt Perform rating. This was contained in the firm’s report on February 11th, 2019 in which the stock’s price target was also moved to $175.
Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 13 believe it has the potential for further growth, thus rating it as Hold while 9 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $187.71. The price of the stock the last time has raised by 24.59% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 30.72.
The shares of the company added by 2.18% during the trading session on Tuesday, reaching a low of $152.64 while ending the day at $155.06. During the trading session, a total of 9.02 million shares were traded which represents a 30.28% incline from the average session volume which is 12.94M shares. NVDA had ended its last session trading at 151.75. NVIDIA Corporation currently has a market cap of $96.56B, while its P/E ratio stands at 25.72, while its P/E earnings growth sits at 8.24, with a beta of 1.90. NVIDIA Corporation debt-to-equity ratio currently stands at 0.21, while its quick ratio hovers at 6.80. NVDA 52-week low price stands at $124.46 while its 52-week high price is $292.76.
The company in its last quarterly report recorded $0.88 earnings per share which is above the $0.81 predicted by most analysts. The NVIDIA Corporation generated $2,220.00 million in revenue during the last quarter, which is slightly higher than the $2,194.63 million predicted by analysts. In the second quarter last year, the firm recorded $0.80 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 9.09%. NVIDIA Corporation has the potential to record 6.03 EPS for the current fiscal year, according to equities analysts.
Investment analysts at RBC Capital Mkts published a research note on April 30th, 2019 where it informed investors and clients that Analog Devices, Inc. (NASDAQ:ADI) is now rated as Outperform. Their price target on the stock stands at $140. Piper Jaffray also rated ADI as Initiated on March 26th, 2019, with its price target of $5 suggesting that ADI could surge by 15.08% from its current share price. Even though the stock has been trading at $97.50/share, analysts expect it to surge higher by 2.44% to reach $117.61/share. It started the day trading at $101.75 and traded between $99.10 and $99.88 throughout the trading session.
A look at its technical shows that ADI’s 50-day SMA is 110.12 while its 200-day SMA stands at 96.95. The stock has a high of $118.54 for the year while the low is $76.62. The company’s P/E ratio currently sits at 23.44, while the P/B ratio is 3.18. At the moment, only of Analog Devices, Inc. shares were sold short. The company’s average trading volume currently stands at 2.80M shares, which means that the short-interest ratio is just 1.93 days. Over the past seven days, the company moved, with its shift of -6.44%. Looking further, the stock has dropped -6.50% over the past 90 days while it gained 11.20% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more ADI shares, decreasing its portfolio by -4.05% during the last quarter. This move now sees The Vanguard Group Inc selling -1,292,241 shares in the last quarter, thus it now holds 30,594,936 shares of ADI, with a total valuation of $3,556,355,361. Massachusetts Financial Services meanwhile bought more ADI shares in the recently filed quarter, changing its stake to $2,151,234,152 worth of shares. BlackRock Fund Advisors followed the path by decreasing its ADI portfolio by -2.29% in the quarter. This means that BlackRock Fund Advisors sold -418,285 shares in the last quarter and now controls 17,859,556 shares of the ADI stock, with the valuation hitting $2,075,994,789.
Similarly, SSgA Funds Management Inc increased its Analog Devices, Inc. shares by +3.82% during the recently filed quarter. After buying 537,454 shares in the last quarter, the firm now controls 14,617,631 shares of Analog Devices, Inc. which are valued at $1,699,153,427. In the same vein, Generation Investment Management decreased its Analog Devices, Inc. shares by during the most recent reported quarter. The firm sold -567,231 shares during the quarter which decreased its stakes to 10,114,463 shares and is now valued at $1,175,705,179. Following these latest developments, around 0.10% of Analog Devices, Inc. stocks are owned by institutional investors and hedge funds.