S&P 500   4,471.37
DOW   35,294.76
QQQ   368.94
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S&P 500   4,471.37
DOW   35,294.76
QQQ   368.94
pixel
pixel
pixel
S&P 500   4,471.37
DOW   35,294.76
QQQ   368.94
pixel
pixel
pixel
S&P 500   4,471.37
DOW   35,294.76
QQQ   368.94
pixel
pixel
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NVIDIA (NASDAQ:NVDA) PT Raised to $250.00 at Susquehanna Bancshares

Last updated on Tuesday, September 28, 2021 | 2021 MarketBeat

NVIDIA (NASDAQ:NVDA) had its target price lifted by investment analysts at Susquehanna Bancshares from $220.00 to $250.00 in a research note issued to investors on Tuesday, Stock Target Advisor reports. The firm currently has a "positive" rating on the computer hardware maker's stock. Susquehanna Bancshares' target price indicates a potential upside of 20.72% from the stock's current price.

NVDA has been the subject of a number of other reports. Summit Insights downgraded NVIDIA from a "hold" rating to a "sell" rating in a research report on Thursday, August 19th. Benchmark assumed coverage on shares of NVIDIA in a research report on Friday, August 20th. They set a "buy" rating and a $230.00 price objective for the company. Truist Securities boosted their target price on NVIDIA from $192.00 to $227.50 and gave the company a "buy" rating in a research report on Thursday, July 8th. UBS Group raised their price target on NVIDIA from $184.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, August 12th. Finally, Mizuho increased their target price on NVIDIA from $225.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday, August 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Buy" and a consensus price target of $216.12.

NVDA stock traded down $9.51 during trading on Tuesday, reaching $207.09. 809,321 shares of the stock were exchanged, compared to its average volume of 34,048,805. The company has a current ratio of 5.80, a quick ratio of 5.33 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $516.07 billion, a price-to-earnings ratio of 73.83, a P/E/G ratio of 3.57 and a beta of 1.36. The business has a 50 day moving average price of $210.32 and a 200-day moving average price of $178.30. NVIDIA has a 1 year low of $115.67 and a 1 year high of $230.43.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Tuesday, August 17th. The computer hardware maker reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.02 by $0.02. The business had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.34 billion. NVIDIA had a net margin of 32.33% and a return on equity of 40.88%. The business's revenue was up 68.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 EPS. On average, research analysts anticipate that NVIDIA will post 3.57 EPS for the current year.

In related news, CEO Jen Hsun Huang sold 400,000 shares of the firm's stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $197.14, for a total value of $78,856,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert K. Burgess sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, August 24th. The stock was sold at an average price of $218.38, for a total value of $4,367,600.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 430,000 shares of company stock valued at $85,257,700. Company insiders own 4.47% of the company's stock.

Several hedge funds have recently added to or reduced their stakes in the company. Farr Miller & Washington LLC DC raised its position in shares of NVIDIA by 1.8% during the 1st quarter. Farr Miller & Washington LLC DC now owns 1,040 shares of the computer hardware maker's stock worth $555,000 after purchasing an additional 18 shares during the last quarter. Savior LLC increased its position in NVIDIA by 8.6% during the second quarter. Savior LLC now owns 227 shares of the computer hardware maker's stock worth $182,000 after buying an additional 18 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of NVIDIA by 0.7% in the first quarter. Ballentine Partners LLC now owns 2,899 shares of the computer hardware maker's stock worth $1,548,000 after acquiring an additional 20 shares during the last quarter. First Dallas Securities Inc. lifted its position in shares of NVIDIA by 2.4% in the first quarter. First Dallas Securities Inc. now owns 855 shares of the computer hardware maker's stock valued at $457,000 after acquiring an additional 20 shares in the last quarter. Finally, WNY Asset Management LLC boosted its stake in shares of NVIDIA by 4.2% during the second quarter. WNY Asset Management LLC now owns 492 shares of the computer hardware maker's stock valued at $394,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 16.88% of the company's stock.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. 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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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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