Susquehanna Bancshares reiterated their neutral rating on shares of NVIDIA (NASDAQ:NVDA) in a research note published on Thursday, February 8th, MarketBeat reports. They currently have a $200.00 target price on the computer hardware maker’s stock, up from their previous target price of $185.00.
Several other brokerages have also recently issued reports on NVDA. Goldman Sachs Group cut shares of NVIDIA from a conviction-buy rating to a buy rating and set a $281.00 price target on the stock. in a research report on Thursday, February 1st. Vetr lowered shares of NVIDIA from a hold rating to a sell rating and set a $234.76 price objective on the stock. in a research note on Monday, January 29th. Zacks Investment Research raised shares of NVIDIA from a hold rating to a buy rating and set a $262.00 price objective on the stock in a research note on Wednesday, January 24th. Bank of America reissued a buy rating and set a $275.00 price objective (up previously from $251.00) on shares of NVIDIA in a research note on Friday, January 19th. Finally, B. Riley reissued a buy rating and set a $270.00 price objective on shares of NVIDIA in a research note on Monday, January 8th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-four have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $210.77.
Shares of NVIDIA (NASDAQ NVDA) traded up $5.63 during midday trading on Thursday, hitting $247.05. 10,721,273 shares of the company traded hands, compared to its average volume of 17,250,000. NVIDIA has a one year low of $95.17 and a one year high of $249.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34. The stock has a market capitalization of $149,080.00, a PE ratio of 51.15, a P/E/G ratio of 3.65 and a beta of 1.43.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. NVIDIA’s dividend payout ratio (DPR) is presently 12.42%.
In related news, Director Persis Drell sold 606 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total transaction of $119,424.42. Following the completion of the transaction, the director now owns 26,104 shares in the company, valued at $5,144,315.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 171 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $185.57, for a total transaction of $31,732.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,165 shares of company stock valued at $4,970,569. Corporate insiders own 5.82% of the company’s stock.
Large investors have recently modified their holdings of the stock. Welch Investments LLC bought a new position in NVIDIA during the third quarter valued at $104,000. Country Trust Bank lifted its position in NVIDIA by 490.0% during the fourth quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after purchasing an additional 490 shares during the last quarter. Global Trust Asset Management LLC bought a new position in NVIDIA during the fourth quarter valued at $116,000. Clearbridge Investments LLC lifted its position in NVIDIA by 100.0% during the fourth quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker’s stock valued at $116,000 after purchasing an additional 300 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its position in NVIDIA by 67.3% during the fourth quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock valued at $123,000 after purchasing an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 62.70% of the company’s stock.
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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