Susquehanna Bancshares set a $190.00 price target on NVIDIA (NASDAQ:NVDA) in a research report report published on Friday morning, TipRanks reports. The firm currently has a buy rating on the computer hardware maker’s stock.
A number of other equities research analysts have also recently issued reports on NVDA. Wedbush set a $184.00 price objective on NVIDIA and gave the company a buy rating in a research note on Friday. Craig Hallum restated a hold rating and issued a $170.00 price objective (up from $165.00) on shares of NVIDIA in a research note on Friday. Oppenheimer set a $190.00 price objective on NVIDIA and gave the company a buy rating in a research note on Friday. SunTrust Banks set a $210.00 price objective on NVIDIA and gave the company a buy rating in a research note on Friday. Finally, BMO Capital Markets restated a market perform rating and issued a $145.00 price objective on shares of NVIDIA in a research note on Friday. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $188.99.
Shares of NASDAQ NVDA traded up $11.22 during mid-day trading on Friday, reaching $170.78. 20,359,906 shares of the company’s stock were exchanged, compared to its average volume of 13,197,440. The firm has a market capitalization of $90.60 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 3.81 and a beta of 2.07. NVIDIA has a 52 week low of $124.46 and a 52 week high of $292.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 8.98 and a quick ratio of 7.78. The firm has a 50-day moving average price of $163.66 and a two-hundred day moving average price of $163.39.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Wednesday, August 28th. NVIDIA’s payout ratio is 10.54%.
In other news, Director Harvey C. Jones sold 100,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the completion of the transaction, the director now owns 32,983 shares of the company’s stock, valued at $4,785,833.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 2,236 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $164.01, for a total value of $366,726.36. Following the transaction, the chief financial officer now directly owns 239,710 shares of the company’s stock, valued at approximately $39,314,837.10. The disclosure for this sale can be found here. Insiders have sold 104,736 shares of company stock valued at $15,293,726 in the last three months. 4.64% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Pacific Center for Financial Services boosted its stake in NVIDIA by 143.1% in the second quarter. Pacific Center for Financial Services now owns 158 shares of the computer hardware maker’s stock worth $26,000 after buying an additional 93 shares in the last quarter. LLBH Private Wealth Management LLC purchased a new stake in NVIDIA in the second quarter worth approximately $27,000. Thor Advisors LLC purchased a new stake in NVIDIA in the first quarter worth approximately $29,000. Harvest Group Wealth Management LLC purchased a new stake in NVIDIA in the first quarter worth approximately $30,000. Finally, Field & Main Bank purchased a new stake in NVIDIA in the second quarter worth approximately $33,000. 66.93% of the stock is owned by institutional investors.
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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