NVIDIA (NASDAQ:NVDA) Earns Positive Rating from Susquehanna

NVIDIA (NASDAQ:NVDA)‘s stock had its “positive” rating reaffirmed by Susquehanna in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $180.00 price objective on the computer hardware maker’s stock. Susquehanna’s target price indicates a potential upside of 51.86% from the stock’s previous close.

Several other equities research analysts also recently issued reports on NVDA. Wells Fargo & Company raised their price target on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Stifel Nicolaus raised their price target on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Bank of America reaffirmed a “buy” rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday. Barclays increased their price objective on NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Citigroup increased their price objective on NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $171.51.

NVIDIA Trading Up 0.9 %

NASDAQ NVDA opened at $118.53 on Wednesday. The company has a market cap of $2.89 trillion, a PE ratio of 46.65, a PEG ratio of 1.76 and a beta of 1.77. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA has a 12 month low of $75.61 and a 12 month high of $153.13. The stock has a 50 day moving average of $127.28 and a 200-day moving average of $131.03.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. On average, equities research analysts anticipate that NVIDIA will post 2.77 EPS for the current fiscal year.

Insider Transactions at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,449 shares of company stock worth $11,960,727. Insiders own 4.23% of the company’s stock.

Institutional Trading of NVIDIA

Several institutional investors have recently added to or reduced their stakes in NVDA. Tacita Capital Inc bought a new stake in NVIDIA in the fourth quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the fourth quarter valued at approximately $34,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA during the 4th quarter worth approximately $40,000. Finally, DHJJ Financial Advisors Ltd. boosted its holdings in shares of NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after buying an additional 140 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.