NVIDIA (NASDAQ:NVDA) PT Raised to $185.00 at Susquehanna

NVIDIA (NASDAQ:NVDAGet Rating) had its price target upped by Susquehanna from $180.00 to $185.00 in a report released on Thursday, The Fly reports. The firm currently has a positive rating on the computer hardware maker’s stock.

Several other brokerages also recently weighed in on NVDA. Craig Hallum decreased their target price on shares of NVIDIA from $180.00 to $165.00 and set a hold rating for the company in a research note on Thursday, August 25th. Stifel Nicolaus assumed coverage on shares of NVIDIA in a research note on Wednesday, September 7th. They set a hold rating and a $165.00 target price for the company. Daiwa Capital Markets downgraded shares of NVIDIA from an outperform rating to a neutral rating and decreased their target price for the stock from $215.00 to $133.00 in a research note on Friday, September 2nd. Piper Sandler decreased their target price on shares of NVIDIA from $235.00 to $200.00 in a research note on Thursday, September 1st. Finally, Fubon Bank cut shares of NVIDIA from a buy rating to a neutral rating in a report on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $210.21.

NVIDIA Stock Performance

NASDAQ NVDA opened at $154.09 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.39 and a quick ratio of 3.11. NVIDIA has a 1 year low of $108.13 and a 1 year high of $346.47. The company has a market capitalization of $383.68 billion, a PE ratio of 65.57, a P/E/G ratio of 5.24 and a beta of 1.70. The company has a fifty day moving average of $132.89 and a two-hundred day moving average of $156.46.

NVIDIA (NASDAQ:NVDAGet Rating) last released its quarterly earnings data on Wednesday, November 16th. The computer hardware maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.13). NVIDIA had a net margin of 20.85% and a return on equity of 30.75%. The company had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.82 billion. During the same quarter in the prior year, the company earned $1.01 EPS. The business’s revenue was down 16.5% on a year-over-year basis. As a group, analysts expect that NVIDIA will post 2.44 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Thursday, December 1st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.10%. NVIDIA’s dividend payout ratio (DPR) is currently 6.81%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 85,000 shares of NVIDIA stock in a transaction on Tuesday, October 11th. The shares were sold at an average price of $116.49, for a total value of $9,901,650.00. Following the transaction, the director now owns 2,397,693 shares in the company, valued at approximately $279,307,257.57. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 85,000 shares of NVIDIA stock in a transaction on Tuesday, October 11th. The shares were sold at an average price of $116.49, for a total value of $9,901,650.00. Following the transaction, the director now owns 2,397,693 shares in the company, valued at approximately $279,307,257.57. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 87,500 shares of NVIDIA stock in a transaction on Thursday, October 13th. The shares were sold at an average price of $119.65, for a total transaction of $10,469,375.00. Following the completion of the transaction, the director now owns 2,310,193 shares in the company, valued at approximately $276,414,592.45. The disclosure for this sale can be found here. 4.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently made changes to their positions in NVDA. Roble Belko & Company Inc lifted its holdings in shares of NVIDIA by 550.0% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock valued at $28,000 after acquiring an additional 88 shares in the last quarter. Clear Perspectives Financial Planning LLC acquired a new position in shares of NVIDIA during the 1st quarter valued at $28,000. TFO TDC LLC acquired a new position in shares of NVIDIA during the 2nd quarter valued at $28,000. Tortoise Investment Management LLC lifted its holdings in shares of NVIDIA by 40.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 183 shares of the computer hardware maker’s stock valued at $28,000 after acquiring an additional 53 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. lifted its holdings in shares of NVIDIA by 271.2% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 245 shares of the computer hardware maker’s stock valued at $30,000 after acquiring an additional 179 shares in the last quarter. Institutional investors and hedge funds own 62.58% of the company’s stock.

NVIDIA Company Profile

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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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