NVIDIA (NASDAQ:NVDA) Price Target Increased to $1,100.00 by Analysts at Susquehanna

NVIDIA (NASDAQ:NVDA) had its target price upped by Susquehanna from $1,050.00 to $1,100.00 in a report released on Monday morning, Marketbeat Ratings reports. Susquehanna currently has a positive rating on the computer hardware maker’s stock.

Several other research firms have also recently issued reports on NVDA. JPMorgan Chase & Co. increased their target price on NVIDIA from $650.00 to $850.00 and gave the stock an overweight rating in a research report on Thursday, February 22nd. DA Davidson increased their target price on NVIDIA from $410.00 to $620.00 and gave the stock a neutral rating in a research report on Thursday, February 22nd. Tigress Financial increased their target price on NVIDIA from $790.00 to $985.00 and gave the stock a buy rating in a research report on Thursday, February 29th. Needham & Company LLC increased their target price on NVIDIA from $600.00 to $850.00 and gave the stock a buy rating in a research report on Thursday, February 22nd. Finally, HSBC raised their price target on NVIDIA from $1,050.00 to $1,350.00 and gave the company a buy rating in a report on Friday, May 10th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $1,125.95.

NVIDIA Stock Up 9.3 %

NASDAQ NVDA opened at $1,037.99 on Monday. The stock’s 50-day moving average price is $889.46 and its 200-day moving average price is $698.74. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. NVIDIA has a 52 week low of $298.06 and a 52 week high of $1,063.20. The company has a market capitalization of $2.55 trillion, a P/E ratio of 86.93, a price-to-earnings-growth ratio of 1.33 and a beta of 1.75.

NVIDIA’s stock is scheduled to split on the morning of Monday, June 10th. The 10-1 split was announced on Monday, June 10th. The newly issued shares will be payable to shareholders after the closing bell on Monday, June 10th.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $6.12 EPS for the quarter, topping the consensus estimate of $5.14 by $0.98. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $26.04 billion for the quarter, compared to the consensus estimate of $24.59 billion. During the same quarter last year, the company earned $0.88 earnings per share. The business’s revenue for the quarter was up 262.1% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA will post 23.18 earnings per share for the current year.

NVIDIA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 11th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.04%. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other NVIDIA news, Director John Dabiri sold 128 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The disclosure for this sale can be found here. Insiders have sold a total of 51,278 shares of company stock valued at $44,714,198 over the last quarter. 4.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. Baader Bank Aktiengesellschaft raised its stake in shares of NVIDIA by 34.9% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 44,214 shares of the computer hardware maker’s stock worth $21,896,000 after purchasing an additional 11,445 shares during the last quarter. Wealthspire Advisors LLC raised its stake in shares of NVIDIA by 16.3% in the fourth quarter. Wealthspire Advisors LLC now owns 12,278 shares of the computer hardware maker’s stock worth $6,080,000 after purchasing an additional 1,724 shares during the last quarter. Shared Vision Wealth Group LLC purchased a new position in shares of NVIDIA in the fourth quarter worth about $269,000. Grand Alliance Asset Management Ltd purchased a new position in shares of NVIDIA in the fourth quarter worth about $29,961,000. Finally, TrueMark Investments LLC purchased a new position in shares of NVIDIA in the fourth quarter worth about $2,639,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

About NVIDIA

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.