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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