NVIDIA (NASDAQ:NVDA) Price Target Raised to $450.00

NVIDIA (NASDAQ:NVDA) had its price objective boosted by Susquehanna Bancshares from $420.00 to $450.00 in a report issued on Thursday morning, Briefing.com Automated Import reports. Susquehanna Bancshares currently has a positive rating on the computer hardware maker’s stock.

A number of other equities analysts also recently commented on the stock. Deutsche Bank lifted their price objective on shares of NVIDIA from $300.00 to $290.00 and gave the stock a hold rating in a report on Monday, May 18th. Tigress Financial reaffirmed a buy rating on shares of NVIDIA in a report on Wednesday, April 22nd. Nomura boosted their price target on shares of NVIDIA from $230.00 to $260.00 and gave the company a reduce rating in a report on Friday, May 22nd. Wells Fargo & Co boosted their price target on shares of NVIDIA from $360.00 to $430.00 and gave the company an overweight rating in a report on Friday, May 22nd. Finally, Rosenblatt Securities boosted their price target on shares of NVIDIA from $340.00 to $400.00 and gave the company a buy rating in a report on Friday, May 22nd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirty-two have given a buy rating to the stock. NVIDIA has an average rating of Buy and a consensus target price of $348.70.

NVDA stock opened at $366.20 on Thursday. NVIDIA has a twelve month low of $147.39 and a twelve month high of $385.70. The company has a current ratio of 10.29, a quick ratio of 9.70 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $225.21 billion, a P/E ratio of 67.94, a PEG ratio of 3.31 and a beta of 1.38. The firm has a 50 day simple moving average of $351.11 and a 200-day simple moving average of $278.64.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, May 21st. The computer hardware maker reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3 billion. NVIDIA had a net margin of 28.17% and a return on equity of 28.59%. The business’s quarterly revenue was up 38.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. On average, research analysts predict that NVIDIA will post 6.56 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend was Thursday, June 4th. NVIDIA’s dividend payout ratio (DPR) is presently 13.94%.

In other NVIDIA news, Director Mark A. Stevens sold 60,000 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $261.63, for a total value of $15,697,800.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director A Brooke Seawell sold 629 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $366.27, for a total transaction of $230,383.83. Following the completion of the sale, the director now owns 16,159 shares in the company, valued at $5,918,556.93. The disclosure for this sale can be found here. Over the last quarter, insiders sold 204,140 shares of company stock worth $65,498,283. 4.47% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Accurate Investment Solutions Inc. raised its holdings in NVIDIA by 111.1% during the 1st quarter. Accurate Investment Solutions Inc. now owns 95 shares of the computer hardware maker’s stock worth $25,000 after buying an additional 50 shares during the period. PrairieView Partners LLC acquired a new stake in NVIDIA during the 1st quarter worth about $26,000. Archer Investment Corp acquired a new stake in NVIDIA during the 4th quarter worth about $29,000. Requisite Capital Management LLC raised its holdings in NVIDIA by 21,328.6% during the 4th quarter. Requisite Capital Management LLC now owns 300,000 shares of the computer hardware maker’s stock worth $30,000 after buying an additional 298,600 shares during the period. Finally, Capital Wealth Alliance LLC acquired a new stake in NVIDIA during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 68.89% 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 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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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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