NVIDIA Corporation (NASDAQ:NVDA) had its target price raised by Susquehanna Bancshares Inc from $140.00 to $155.00 in a report published on Thursday, MarketBeat.com reports. The firm currently has a neutral rating on the computer hardware maker’s stock.
A number of other research analysts also recently weighed in on the stock. Vetr upgraded shares of NVIDIA Corporation from a buy rating to a strong-buy rating and set a $174.03 price target on the stock in a report on Monday, June 12th. Zacks Investment Research upgraded shares of NVIDIA Corporation from a hold rating to a strong-buy rating and set a $169.00 target price on the stock in a report on Tuesday, July 11th. Canaccord Genuity reiterated a buy rating on shares of NVIDIA Corporation in a report on Saturday, June 3rd. Mizuho reiterated a buy rating and issued a $170.00 target price (up previously from $145.00) on shares of NVIDIA Corporation in a report on Wednesday, June 28th. Finally, BidaskClub upgraded shares of NVIDIA Corporation from a buy rating to a strong-buy rating in a report on Monday, July 24th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. NVIDIA Corporation currently has a consensus rating of Hold and an average price target of $149.13.
Shares of NVIDIA Corporation (NASDAQ:NVDA) traded up 6.32% during mid-day trading on Thursday, reaching $180.11. The company had a trading volume of 34,119,764 shares. NVIDIA Corporation has a 52-week low of $62.74 and a 52-week high of $180.11. The company’s 50-day moving average is $166.30 and its 200 day moving average is $136.97. The stock has a market capitalization of $108.07 billion, a P/E ratio of 51.80 and a beta of 1.25.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.32. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. NVIDIA Corporation’s revenue for the quarter was up 56.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. Analysts anticipate that NVIDIA Corporation will post $3.61 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 24th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio (DPR) is 15.86%.
In related news, Director Robert K. Burgess sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $158.08, for a total transaction of $7,904,000.00. Following the completion of the sale, the director now directly owns 14,350 shares of the company’s stock, valued at $2,268,448. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Harvey C. Jones sold 145,520 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $159.31, for a total transaction of $23,182,791.20. Following the sale, the director now directly owns 30,762 shares of the company’s stock, valued at $4,900,694.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 502,210 shares of company stock valued at $79,743,664. 5.82% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of NVDA. Janus Henderson Group PLC raised its stake in shares of NVIDIA Corporation by 5,424.4% during the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock worth $592,244,000 after buying an additional 4,022,728 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of NVIDIA Corporation by 499.0% during the first quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock worth $447,156,000 after buying an additional 3,419,701 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of NVIDIA Corporation by 7.1% during the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after buying an additional 2,676,976 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of NVIDIA Corporation by 46.6% during the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock worth $572,695,000 after buying an additional 1,672,231 shares during the last quarter. Finally, Jackson Square Partners LLC bought a new stake in shares of NVIDIA Corporation during the second quarter worth approximately $229,323,000. 65.85% of the stock is owned by institutional investors and hedge funds.
NVIDIA Corporation Company Profile
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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