Susquehanna Bancshares Reaffirms Neutral Rating for NVIDIA (NVDA)

NVIDIA (NASDAQ:NVDA)‘s stock had its “neutral” rating reissued by stock analysts at Susquehanna Bancshares in a research note issued to investors on Thursday. They presently have a $200.00 target price on the computer hardware maker’s stock, up from their previous target price of $185.00. Susquehanna Bancshares’ price target would suggest a potential downside of 12.18% from the stock’s current price.

A number of other equities research analysts have also commented on NVDA. BidaskClub lowered shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a report on Monday. Goldman Sachs Group lowered shares of NVIDIA from a “conviction-buy” rating to a “buy” rating and set a $281.00 price objective on the stock. in a report on Thursday, February 1st. Vetr upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $246.84 price objective on the stock in a report on Monday. BMO Capital Markets raised their price objective on shares of NVIDIA from $90.00 to $135.00 and gave the stock an “underperform” rating in a report on Friday, November 10th. Finally, Deutsche Bank raised their price objective on shares of NVIDIA from $145.00 to $190.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $199.05.

Shares of NVIDIA (NVDA) traded down $1.05 during trading hours on Thursday, hitting $227.75. 4,850,000 shares of the company were exchanged, compared to its average volume of 14,150,000. NVIDIA has a fifty-two week low of $95.17 and a fifty-two week high of $249.27. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $138,010.00, a price-to-earnings ratio of 56.94, a price-to-earnings-growth ratio of 4.70 and a beta of 1.43.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.39. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the business posted $0.94 earnings per share. The firm’s quarterly revenue was up 31.5% on a year-over-year basis. equities analysts predict that NVIDIA will post 4.2 earnings per share for the current year.

In related news, Director A Brooke Seawell sold 1,029 shares of NVIDIA stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $214.10, for a total transaction of $220,308.90. Following the completion of the sale, the director now owns 1,029 shares of the company’s stock, valued at approximately $220,308.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dawn E. Hudson sold 15,000 shares of NVIDIA stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $213.44, for a total transaction of $3,201,600.00. Following the sale, the director now directly owns 46,868 shares of the company’s stock, valued at approximately $10,003,505.92. The disclosure for this sale can be found here. Insiders have sold a total of 19,858 shares of company stock valued at $4,227,384 in the last ninety days. 5.82% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc boosted its holdings in NVIDIA by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 2,867,090 shares of the computer hardware maker’s stock valued at $512,549,000 after purchasing an additional 78,943 shares during the period. Swiss National Bank boosted its holdings in NVIDIA by 0.9% in the 4th quarter. Swiss National Bank now owns 2,213,385 shares of the computer hardware maker’s stock valued at $428,290,000 after purchasing an additional 19,900 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in NVIDIA by 4.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,027,499 shares of the computer hardware maker’s stock valued at $392,322,000 after purchasing an additional 95,004 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in NVIDIA by 12.0% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,970,888 shares of the computer hardware maker’s stock valued at $352,336,000 after purchasing an additional 211,411 shares during the period. Finally, Swedbank boosted its holdings in NVIDIA by 21.0% in the 3rd quarter. Swedbank now owns 1,690,684 shares of the computer hardware maker’s stock valued at $302,244,000 after purchasing an additional 293,832 shares during the period. 62.84% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This news story was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://sportsperspectives.com/2018/02/08/nvidia-nvda-pt-raised-to-200-00.html.

NVIDIA Company Profile

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.

Latest News

Leave a Reply