NVIDIA (NASDAQ:NVDA) PT Raised to $185.00

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

Other equities analysts have also recently issued reports about the company. Wedbush lifted their price target on NVIDIA from $160.00 to $175.00 and gave the stock a neutral rating in a research note on Thursday. Summit Insights raised NVIDIA from a hold rating to a buy rating in a research note on Wednesday. Citigroup decreased their price target on NVIDIA from $248.00 to $210.00 and set a buy rating on the stock in a research note on Tuesday, October 11th. Benchmark cut their price objective on NVIDIA from $228.00 to $215.00 and set a buy rating on the stock in a research report on Thursday, August 25th. Finally, Fubon Bank lowered NVIDIA from a buy rating to a neutral rating in a research report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of Moderate Buy and a consensus target price of $210.21.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $154.09 on Thursday. The stock has a market cap of $383.68 billion, a price-to-earnings ratio of 65.57, a P/E/G ratio of 5.24 and a beta of 1.70. The company has a current ratio of 3.39, a quick ratio of 3.11 and a debt-to-equity ratio of 0.45. NVIDIA has a 1-year low of $108.13 and a 1-year high of $346.47. The stock’s 50-day moving average is $132.89 and its 200 day moving average is $156.46.

NVIDIA (NASDAQ:NVDAGet Rating) last announced its quarterly earnings results on Wednesday, November 16th. The computer hardware maker reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.13). The company had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.82 billion. NVIDIA had a return on equity of 30.75% and a net margin of 20.85%. NVIDIA’s revenue for the quarter was down 16.5% on a year-over-year basis. During the same period last year, the firm earned $1.01 earnings per share. On average, sell-side analysts anticipate that NVIDIA will post 2.44 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Thursday, December 1st will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend is Wednesday, November 30th. NVIDIA’s dividend payout ratio is currently 6.81%.

Insider Transactions at NVIDIA

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

Institutional Trading of NVIDIA

A number of hedge funds have recently bought and sold shares of the company. Power Corp of Canada increased its position in NVIDIA by 7.7% during the third quarter. Power Corp of Canada now owns 29,528 shares of the computer hardware maker’s stock valued at $3,584,000 after acquiring an additional 2,112 shares during the last quarter. Ambassador Advisors LLC increased its position in NVIDIA by 10.8% during the third quarter. Ambassador Advisors LLC now owns 36,041 shares of the computer hardware maker’s stock valued at $4,375,000 after acquiring an additional 3,518 shares during the last quarter. River & Mercantile Asset Management LLP purchased a new stake in NVIDIA during the third quarter valued at $1,046,000. SevenOneSeven Capital Management increased its position in NVIDIA by 8.1% during the third quarter. SevenOneSeven Capital Management now owns 2,073 shares of the computer hardware maker’s stock valued at $252,000 after acquiring an additional 155 shares during the last quarter. Finally, Spotlight Asset Group Inc. purchased a new stake in NVIDIA during the third quarter valued at $324,000. Hedge funds and other institutional investors 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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