Susquehanna Bancshares Inc Reiterates Neutral Rating for NVIDIA Corporation (NVDA)
NVIDIA Corporation (NASDAQ:NVDA)‘s stock had its “neutral” rating restated by analysts at Susquehanna Bancshares Inc in a research report issued to clients and investors on Wednesday. They presently have a $140.00 price objective on the computer hardware maker’s stock. Susquehanna Bancshares Inc’s price target points to a potential downside of 16.16% from the company’s previous close.
NVDA has been the topic of a number of other reports. B. Riley reissued a “buy” rating and set a $135.00 price objective on shares of NVIDIA Corporation in a report on Monday, May 8th. UBS AG reissued a “buy” rating and set a $132.00 price objective on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Stifel Nicolaus reissued a “hold” rating and set a $110.00 price objective on shares of NVIDIA Corporation in a report on Friday, August 11th. Vetr cut NVIDIA Corporation from a “strong-buy” rating to a “hold” rating and set a $173.32 price objective on the stock. in a report on Tuesday. Finally, Instinet reissued a “reduce” rating and set a $110.00 price objective (up from $90.00) on shares of NVIDIA Corporation in a report on Monday. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the stock. NVIDIA Corporation currently has a consensus rating of “Hold” and an average target price of $145.00.
Shares of NVIDIA Corporation (NASDAQ:NVDA) traded up 0.078% on Wednesday, reaching $167.111. The company’s stock had a trading volume of 6,689,664 shares. The firm’s 50-day moving average price is $160.33 and its 200-day moving average price is $128.50. The stock has a market cap of $99.77 billion, a P/E ratio of 48.062 and a beta of 1.24. NVIDIA Corporation has a 12 month low of $57.32 and a 12 month high of $174.56.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.32. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The company’s revenue for the quarter was up 56.2% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. On average, analysts forecast that NVIDIA Corporation will post $3.60 earnings per share for the current fiscal year.
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In other news, Director A Brooke Seawell sold 3,107 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $140.00, for a total value of $434,980.00. Following the completion of the transaction, the director now owns 5,165 shares of the company’s stock, valued at $723,100. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $164.53, for a total value of $8,226,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 572,282 shares of company stock valued at $86,830,082. Company insiders own 5.17% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in NVDA. Harvey Capital Management Inc. acquired a new position in NVIDIA Corporation during the first quarter worth $217,000. Telemus Capital LLC acquired a new position in NVIDIA Corporation during the first quarter worth $654,000. Private Wealth Partners LLC raised its position in NVIDIA Corporation by 604.8% in the first quarter. Private Wealth Partners LLC now owns 41,898 shares of the computer hardware maker’s stock worth $4,564,000 after buying an additional 35,953 shares during the period. DnB Asset Management AS raised its position in NVIDIA Corporation by 7.4% in the first quarter. DnB Asset Management AS now owns 55,328 shares of the computer hardware maker’s stock worth $6,027,000 after buying an additional 3,800 shares during the period. Finally, Boston Advisors LLC raised its position in NVIDIA Corporation by 48.8% in the first quarter. Boston Advisors LLC now owns 6,128 shares of the computer hardware maker’s stock worth $668,000 after buying an additional 2,010 shares during the period. 68.55% of the stock is owned by hedge funds and other institutional investors.
About NVIDIA Corporation
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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