NVIDIA (NASDAQ:NVDA) PT Raised to $410.00

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NVIDIA (NASDAQ:NVDA) had its target price boosted by Susquehanna Bancshares from $355.00 to $410.00 in a research report report published on Tuesday morning, BenzingaRatingsTable reports. The firm currently has a positive rating on the computer hardware maker’s stock.

A number of other analysts also recently weighed in on NVDA. Sanford C. Bernstein reiterated a buy rating and set a $360.00 target price on shares of NVIDIA in a research report on Friday, May 15th. Jefferies Financial Group reissued a buy rating and set a $315.00 price target (up previously from $255.00) on shares of NVIDIA in a report on Wednesday, February 12th. Tigress Financial reissued a buy rating on shares of NVIDIA in a report on Wednesday, April 22nd. BMO Capital Markets raised NVIDIA from a market perform rating to an outperform rating and boosted their price target for the stock from $285.00 to $425.00 in a report on Monday, May 18th. Finally, Raymond James boosted their price target on NVIDIA from $300.00 to $330.00 and gave the stock an outperform rating in a report on Friday, May 15th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $340.68.

Shares of NASDAQ:NVDA traded up $10.04 during trading on Tuesday, reaching $361.05. 25,601,366 shares of the company traded hands, compared to its average volume of 12,644,931. The company’s 50 day moving average is $292.70 and its two-hundred day moving average is $252.32. The firm has a market capitalization of $215.92 billion, a PE ratio of 67.49, a PEG ratio of 3.68 and a beta of 1.33. The company has a quick ratio of 7.13, a current ratio of 7.67 and a debt-to-equity ratio of 0.21. NVIDIA has a 52 week low of $132.60 and a 52 week high of $363.72.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, May 21st. The computer hardware maker reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3 billion. NVIDIA had a return on equity of 29.76% and a net margin of 28.17%. The company’s revenue was up 38.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 EPS. As a group, research analysts anticipate that NVIDIA will post 6.29 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.18%. NVIDIA’s payout ratio is 13.94%.

In related news, Director James C. Gaither sold 15,669 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $269.41, for a total transaction of $4,221,385.29. Following the sale, the director now owns 2,221 shares in the company, valued at approximately $598,359.61. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $266.02, for a total value of $2,660,200.00. Following the sale, the director now owns 160,545 shares in the company, valued at approximately $42,708,180.90. The disclosure for this sale can be found here. In the last three months, insiders sold 105,669 shares of company stock valued at $27,025,985. Insiders own 4.64% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of NVIDIA by 6.1% during the 1st quarter. BlackRock Inc. now owns 42,753,245 shares of the computer hardware maker’s stock valued at $11,269,755,000 after purchasing an additional 2,439,025 shares in the last quarter. State Street Corp boosted its holdings in NVIDIA by 1.4% in the fourth quarter. State Street Corp now owns 24,989,675 shares of the computer hardware maker’s stock worth $5,880,071,000 after acquiring an additional 342,849 shares in the last quarter. Geode Capital Management LLC boosted its holdings in NVIDIA by 8.6% in the first quarter. Geode Capital Management LLC now owns 9,400,154 shares of the computer hardware maker’s stock worth $2,473,368,000 after acquiring an additional 743,155 shares in the last quarter. Jennison Associates LLC boosted its holdings in NVIDIA by 6.1% in the first quarter. Jennison Associates LLC now owns 8,756,756 shares of the computer hardware maker’s stock worth $2,308,281,000 after acquiring an additional 505,125 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in NVIDIA by 2.8% in the fourth quarter. Baillie Gifford & Co. now owns 7,711,347 shares of the computer hardware maker’s stock worth $1,814,480,000 after acquiring an additional 210,550 shares in the last quarter. Institutional investors own 66.68% of the company’s stock.

About NVIDIA

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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