NVIDIA Corporation (NVDA) PT Raised to $155.00
NVIDIA Corporation (NASDAQ:NVDA) had its price objective hoisted by analysts at Susquehanna Bancshares Inc from $140.00 to $155.00 in a research note issued on Thursday. The firm presently has a “neutral” rating on the computer hardware maker’s stock. Susquehanna Bancshares Inc’s target price suggests a potential downside of 9.02% from the company’s current price.
A number of other analysts have also issued reports on the stock. Jefferies Group LLC restated a “buy” rating and set a $180.00 target price on shares of NVIDIA Corporation in a research report on Tuesday. Canaccord Genuity restated a “buy” rating and set a $190.00 target price on shares of NVIDIA Corporation in a research report on Friday, September 8th. Vetr upgraded shares of NVIDIA Corporation from a “hold” rating to a “buy” rating and set a $176.95 target price on the stock in a research report on Wednesday, September 6th. Credit Suisse Group restated an “outperform” rating on shares of NVIDIA Corporation in a research report on Thursday, August 31st. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of NVIDIA Corporation in a research report on Thursday, August 24th. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $145.52.
NVIDIA Corporation (NASDAQ:NVDA) traded up 0.653% during mid-day trading on Thursday, hitting $171.482. 4,422,735 shares of the stock traded hands. The company has a market cap of $102.89 billion, a price-to-earnings ratio of 49.319 and a beta of 1.25. NVIDIA Corporation has a 12 month low of $59.51 and a 12 month high of $174.56. The stock’s 50 day moving average is $165.58 and its 200-day moving average is $135.95.
NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business earned $0.53 earnings per share. NVIDIA Corporation’s revenue was up 56.2% compared to the same quarter last year. On average, equities research analysts anticipate that NVIDIA Corporation will post $3.61 EPS for the current year.
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In other NVIDIA Corporation news, Director Robert K. Burgess sold 50,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 14,350 shares of the company’s stock, valued at approximately $2,268,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jen Hsun Huang sold 110,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total transaction of $18,268,800.00. The disclosure for this sale can be found here. Insiders sold a total of 502,210 shares of company stock valued at $79,743,664 over the last ninety days. Company insiders own 5.82% of the company’s stock.
A number of institutional investors have recently bought and sold shares of NVDA. Evercore Wealth Management LLC boosted its stake in NVIDIA Corporation by 36.9% during the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after purchasing an additional 206 shares during the period. TB Alternative Assets Ltd. acquired a new position in NVIDIA Corporation during the 2nd quarter valued at about $116,000. Proficio Capital Partners LLC boosted its stake in NVIDIA Corporation by 186.1% during the 1st quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after purchasing an additional 547 shares during the period. Thompson Davis & CO. Inc. boosted its stake in NVIDIA Corporation by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after purchasing an additional 6 shares during the period. Finally, Hanson McClain Inc. boosted its stake in NVIDIA Corporation by 12.7% during the 2nd quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after purchasing an additional 99 shares during the period. 65.85% of the stock is owned by hedge funds and other institutional investors.
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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