NVIDIA (NASDAQ:NVDA) PT Lowered to $190.00

NVIDIA (NASDAQ:NVDAGet Rating) had its price target decreased by Susquehanna Bancshares from $200.00 to $190.00 in a report published on Wednesday, Stock Target Advisor reports. Susquehanna Bancshares currently has a positive rating on the computer hardware maker’s stock.

NVDA has been the subject of a number of other reports. Raymond James reduced their price objective on shares of NVIDIA from $240.00 to $210.00 in a research note on Thursday, August 25th. Cowen reduced their price objective on shares of NVIDIA from $350.00 to $265.00 and set an outperform rating for the company in a research note on Thursday, May 26th. Daiwa Capital Markets lowered shares of NVIDIA from an outperform rating to a neutral rating and reduced their price objective for the company from $215.00 to $133.00 in a research note on Friday, September 2nd. Wedbush reissued a neutral rating and issued a $160.00 price target on shares of NVIDIA in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of NVIDIA from $175.00 to $165.00 and set a hold rating for the company in a report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $214.91.

NVIDIA Trading Up 0.6 %

Shares of NVDA stock opened at $132.61 on Wednesday. The company has a 50 day moving average of $163.39 and a 200-day moving average of $186.32. The company has a quick ratio of 3.11, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. NVIDIA has a 12-month low of $126.17 and a 12-month high of $346.47. The firm has a market cap of $330.20 billion, a P/E ratio of 43.48, a PEG ratio of 4.39 and a beta of 1.69.

NVIDIA (NASDAQ:NVDAGet Rating) last released its quarterly earnings data on Wednesday, August 24th. The computer hardware maker reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). NVIDIA had a net margin of 26.03% and a return on equity of 36.83%. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.70 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Sell-side analysts anticipate that NVIDIA will post 2.49 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 8th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend is Wednesday, September 7th. NVIDIA’s payout ratio is 5.25%.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds have recently modified their holdings of NVDA. Rather & Kittrell Inc. purchased a new position in shares of NVIDIA in the fourth quarter valued at about $26,000. Emerson Wealth LLC purchased a new position in shares of NVIDIA during the first quarter valued at about $27,000. Roble Belko & Company Inc increased its position in shares of NVIDIA by 550.0% during the first quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock valued at $28,000 after buying an additional 88 shares during the period. Clear Perspectives Financial Planning LLC purchased a new position in shares of NVIDIA during the first quarter valued at about $28,000. Finally, TFO TDC LLC purchased a new position in shares of NVIDIA during the second quarter valued at about $28,000. Hedge funds and other institutional investors own 62.58% of the company’s stock.

About NVIDIA

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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