Nvidia Corp. (NVDA) Coverage Initiated by Analysts at Susquehanna
Stock analysts at Susquehanna started coverage on shares of Nvidia Corp. (NASDAQ:NVDA) in a research note issued to investors on Tuesday. The firm set a “neutral” rating on the computer hardware maker’s stock.
Several other research firms also recently issued reports on NVDA. SunTrust Banks Inc. began coverage on shares of Nvidia Corp. in a research note on Monday. They set a “neutral” rating and a $59.00 price objective for the company. B. Riley reiterated a “buy” rating and set a $73.00 price objective on shares of Nvidia Corp. in a research note on Sunday. Vetr downgraded shares of Nvidia Corp. from a “strong-buy” rating to a “buy” rating and set a $68.19 price objective for the company. in a research note on Thursday, September 15th. MKM Partners boosted their price objective on shares of Nvidia Corp. from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, September 15th. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $72.00 price objective on shares of Nvidia Corp. in a research note on Wednesday, September 14th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $55.86.
Shares of Nvidia Corp. (NASDAQ:NVDA) opened at 63.67 on Tuesday. Nvidia Corp. has a 52 week low of $22.50 and a 52 week high of $65.26. The firm has a market capitalization of $34.06 billion, a price-to-earnings ratio of 41.83 and a beta of 1.26. The company’s 50-day moving average is $60.96 and its 200 day moving average is $46.84.
Nvidia Corp. (NASDAQ:NVDA) last released its earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.16. Nvidia Corp. had a net margin of 16.58% and a return on equity of 20.86%. The firm earned $1.43 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm earned $0.34 earnings per share. Nvidia Corp.’s revenue was up 23.9% compared to the same quarter last year. Analysts anticipate that Nvidia Corp. will post $1.85 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, August 25th were paid a $0.115 dividend. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.46 annualized dividend and a dividend yield of 0.72%. Nvidia Corp.’s payout ratio is 30.26%.
In other news, Director A Brooke Seawell sold 30,000 shares of the firm’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $62.52, for a total value of $1,875,600.00. Following the sale, the director now owns 6,213 shares in the company, valued at $388,436.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael Byron sold 409 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $63.35, for a total transaction of $25,910.15. The disclosure for this sale can be found here. 5.82% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in NVDA. Brick & Kyle Associates increased its stake in shares of Nvidia Corp. by 25.1% in the second quarter. Brick & Kyle Associates now owns 2,502 shares of the computer hardware maker’s stock valued at $118,000 after buying an additional 502 shares during the last quarter. Compagnie Lombard Odier SCmA increased its stake in shares of Nvidia Corp. by 72.6% in the second quarter. Compagnie Lombard Odier SCmA now owns 3,365 shares of the computer hardware maker’s stock valued at $159,000 after buying an additional 1,415 shares during the last quarter. Aviance Capital Management LLC bought a new stake in shares of Nvidia Corp. during the second quarter valued at about $200,000. Stratos Wealth Partners LTD. bought a new stake in shares of Nvidia Corp. during the second quarter valued at about $201,000. Finally, Broderick Brian C bought a new stake in shares of Nvidia Corp. during the second quarter valued at about $209,000. Institutional investors and hedge funds own 86.69% of the company’s stock.
Nvidia Corp. Company Profile
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
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