Susquehanna Lowers NVIDIA (NASDAQ:NVDA) Price Target to $190.00

NVIDIA (NASDAQ:NVDAGet Rating) had its price target reduced by Susquehanna from $200.00 to $190.00 in a research report sent to investors on Wednesday, The Fly reports. Susquehanna currently has a positive rating on the computer hardware maker’s stock.

A number of other research firms have also recently issued reports on NVDA. BMO Capital Markets decreased their price objective on shares of NVIDIA from $250.00 to $230.00 and set an outperform rating on the stock in a research report on Thursday, August 25th. Bank of America decreased their price objective on shares of NVIDIA from $270.00 to $220.00 and set a buy rating on the stock in a research report on Wednesday, June 29th. Cowen reduced their price target on shares of NVIDIA from $350.00 to $265.00 and set an outperform rating on the stock in a research report on Thursday, May 26th. Jefferies Financial Group reduced their price target on shares of NVIDIA from $370.00 to $280.00 in a research report on Thursday, August 25th. Finally, KeyCorp reduced their price target on shares of NVIDIA from $250.00 to $230.00 and set an overweight rating on the stock in a research report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $214.91.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $132.61 on Wednesday. The stock has a market cap of $330.20 billion, a PE ratio of 43.48, a PEG ratio of 4.39 and a beta of 1.69. The company’s fifty day moving average is $163.39 and its 200 day moving average is $186.32. NVIDIA has a 52 week low of $126.17 and a 52 week high of $346.47. 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 (NASDAQ:NVDAGet Rating) last released its quarterly earnings data on Wednesday, August 24th. The computer hardware maker reported $0.51 earnings per share (EPS) 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 firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.70 billion. During the same quarter in the previous year, the firm posted $0.89 EPS. NVIDIA’s revenue was up 3.0% compared to the same quarter last year. Research analysts anticipate that NVIDIA will post 2.49 earnings per share for the current year.

NVIDIA Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rather & Kittrell Inc. bought a new position in NVIDIA during the fourth quarter valued at approximately $26,000. Emerson Wealth LLC bought a new position in NVIDIA during the first quarter valued at approximately $27,000. Roble Belko & Company Inc increased its holdings in 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 last quarter. Clear Perspectives Financial Planning LLC purchased a new stake in NVIDIA during the first quarter valued at approximately $28,000. Finally, TFO TDC LLC purchased a new stake in NVIDIA during the second quarter valued at approximately $28,000. Institutional investors own 62.58% of the company’s stock.

NVIDIA Company Profile

(Get Rating)

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.

Featured Stories

The Fly logo

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.