NVIDIA (NASDAQ: NVDA) had its price target decreased by Deutsche Bank from $14.00 to $13.00 in a research report released on Thursday morning. Deutsche Bank currently has a hold rating on the stock.
NVIDIA traded up 0.01% on Thursday, hitting $12.731. NVIDIA has a 1-year low of $11.15 and a 1-year high of $16.32. The stock’s 50-day moving average is currently $12.37. The company has a market cap of $7.895 billion and a price-to-earnings ratio of 14.14.
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 2.36%. The ex-dividend date is Tuesday, February 26th.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets cut their price target on shares of NVIDIA from $13.00 to $12.00 in a research note to investors on Thursday. They now have a market perform rating on the stock. Separately, analysts at UBS AG cut their price target on shares of NVIDIA from $16.50 to $15.50 in a research note to investors on Thursday. They now have a buy rating on the stock. Finally, analysts at Barclays Capital cut their price target on shares of NVIDIA from $15.00 to $13.00 in a research note to investors on Thursday. They now have an equal weight rating on the stock.
Eight equities research analysts have rated the stock with a buy rating, one has given an overweight rating, twenty-four have assigned a hold rating, and one has assigned a sell rating to the company’s stock. The company presently has a consensus rating of hold and an average target price of $14.32.
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