NVIDIA (NASDAQ:NVDA) received a $190.00 price objective from investment analysts at Susquehanna Bancshares in a research report issued to clients and investors on Friday, TipRanks reports. The firm currently has a “buy” rating on the computer hardware maker’s stock. Susquehanna Bancshares’ price target points to a potential upside of 11.25% from the company’s current price.
Several other research firms have also recently weighed in on NVDA. Piper Jaffray Companies set a $200.00 price target on shares of NVIDIA and gave the company a “buy” rating in a report on Friday. Barclays lowered their price target on NVIDIA from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday. Zacks Investment Research lowered NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Sanford C. Bernstein set a $150.00 price target on NVIDIA and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Finally, Wedbush set a $184.00 price target on NVIDIA and gave the stock a “buy” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $188.99.
Shares of NVIDIA stock traded up $11.22 on Friday, hitting $170.78. The stock had a trading volume of 20,300,929 shares, compared to its average volume of 9,206,392. The company has a quick ratio of 7.78, a current ratio of 8.98 and a debt-to-equity ratio of 0.25. NVIDIA has a one year low of $124.46 and a one year high of $292.76. The stock has a market cap of $90.60 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 3.81 and a beta of 2.07. The stock’s 50-day simple moving average is $163.66 and its two-hundred day simple moving average is $163.39.
NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.37. NVIDIA had a net margin of 26.93% and a return on equity of 24.93%. The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the business earned $1.94 earnings per share. The business’s revenue was down 17.4% on a year-over-year basis. As a group, equities analysts predict that NVIDIA will post 4.19 EPS for the current fiscal year.
In other news, CFO Colette Kress sold 2,236 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $164.01, for a total transaction of $366,726.36. Following the sale, the chief financial officer now directly owns 239,710 shares of the company’s stock, valued at approximately $39,314,837.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $145.10, for a total value of $14,510,000.00. Following the sale, the director now directly owns 32,983 shares in the company, valued at $4,785,833.30. The disclosure for this sale can be found here. Insiders have sold a total of 104,736 shares of company stock worth $15,293,726 over the last ninety days. Insiders own 4.64% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in NVDA. Comerica Securities Inc. raised its holdings in NVIDIA by 95.7% during the 4th quarter. Comerica Securities Inc. now owns 2,853 shares of the computer hardware maker’s stock valued at $381,000 after buying an additional 1,395 shares during the period. Pennsylvania Trust Co raised its holdings in NVIDIA by 48.0% during the 1st quarter. Pennsylvania Trust Co now owns 3,792 shares of the computer hardware maker’s stock valued at $680,000 after buying an additional 1,230 shares during the period. Asset Dedication LLC raised its holdings in NVIDIA by 13.8% during the 1st quarter. Asset Dedication LLC now owns 3,524 shares of the computer hardware maker’s stock valued at $636,000 after buying an additional 427 shares during the period. BLB&B Advisors LLC grew its position in NVIDIA by 88.5% in the 1st quarter. BLB&B Advisors LLC now owns 3,534 shares of the computer hardware maker’s stock valued at $635,000 after acquiring an additional 1,659 shares during the last quarter. Finally, Clear Harbor Asset Management LLC bought a new position in NVIDIA in the 1st quarter valued at $256,000. Institutional investors own 66.93% of the company’s stock.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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