A number of firms have modified their ratings and price targets on shares of NVIDIA (NASDAQ: NVDA) recently:
NVIDIA had its price target lowered by analysts at FBR Capital from $20.00 to $17.00. They now have a “market perform” rating on the stock.
NVIDIA had its price target lowered by analysts at Oppenheimer from $25.00 to $20.00. They now have an “outperform” rating on the stock.
NVIDIA was downgraded by analysts at JMP Securities from a “market perform” rating to a “market underperform” rating. They now have a $12.50 price target on the stock.
NVIDIA had its price target lowered by analysts at Deutsche Bank to $14.00. They now have a “hold” rating on the stock.
NVIDIA had its “buy” rating re-affirmed by analysts at Needham & Company.
NVIDIA had its “neutral” rating re-affirmed by analysts at Nomura.
NVIDIA had its “hold” rating re-affirmed by analysts at Canaccord Genuity.
NVIDIA had its “hold” rating re-affirmed by analysts at Jefferies Group.
NVIDIA had its “hold” rating re-affirmed by analysts at Citigroup.
NVIDIA ‘s EPS estimates were cut by analysts at UBS AG. They now have a “neutral” rating and a $15.50 price target on the stock.
NVIDIA had its price target lowered by analysts at Jefferies Group to $16.00.
NVIDIA was upgraded by analysts at Susquehanna from a “neutral” rating to a “positive” rating.
NVIDIA Corporate Information:
NVIDIA Corporation (NVIDIA) is a provider of visual computing technologies and the inventor of the graphics processing unit (GPU). Visual computing is available on devices ranging from tablets and smart phones to notebooks and workstations. NVIDIA operates in three primary segments: GPU, Professional Solutions Business (PSB) and Consumer Products Business (CPB). Original equipment manufacturers (OEMs), original design manufacturers (ODMs), add-in-card manufacturers, system builders and consumer electronics companies worldwide utilize the Company’s processors as a core component of their entertainment, business and professional solutions. It serves the visual computing market with its consumer GeForce graphics products and professional Quadro graphics products; the high performance computing market with its Tesla computing solutions products, and the mobile computing market with its Tegra system-on-chip products. On June 13, 2011, the Company announced the acquisition of Icera.
NVIDIA traded down 0.74% on Monday, hitting $14.80. NVIDIA has a 1-year low of $11.47 and a 1-year high of $26.17. The stock has a 50-day moving average of $14.16 and a 200-day moving average of $14.1. The company has a market cap of $9.038 billion and a price-to-earnings ratio of 14.28.