Susquehanna Bancshares Reaffirms Neutral Rating for NVIDIA (NVDA)

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.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.56. NVIDIA had a net margin of 31.36% and a return on equity of 45.02%. The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the previous year, the company earned $1.13 earnings per share. NVIDIA’s quarterly revenue was up 34.0% on a year-over-year basis. equities analysts anticipate that NVIDIA will post 6.22 EPS for the current year.

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.

WARNING: This story was reported by Week Herald and is owned by of Week Herald. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://weekherald.com/2018/02/15/nvidia-nvda-pt-raised-to-200-00.html.

About NVIDIA

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.

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply