Susquehanna Boosts NVIDIA (NASDAQ:NVDA) Price Target to $1,100.00

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

Other equities research analysts have also recently issued reports about the stock. The Goldman Sachs Group raised their target price on shares of NVIDIA from $1,000.00 to $1,100.00 and gave the stock a buy rating in a research report on Tuesday, May 7th. Benchmark reissued a buy rating and issued a $1,000.00 target price on shares of NVIDIA in a research report on Wednesday, March 20th. KeyCorp raised their target price on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock an overweight rating in a research report on Monday, April 8th. Truist Financial raised their target price on shares of NVIDIA from $911.00 to $1,177.00 and gave the stock a buy rating in a research report on Monday, March 18th. Finally, HSBC raised their target price on shares of NVIDIA from $1,050.00 to $1,350.00 and gave the stock a buy rating in a research report on Friday, May 10th. Four research 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 company’s stock. According to MarketBeat, NVIDIA presently has a consensus rating of Moderate Buy and an average price target of $1,002.18.

NVIDIA Stock Performance

Shares of NVDA opened at $949.50 on Monday. The company has a 50-day simple moving average of $886.29 and a 200-day simple moving average of $696.36. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2.34 trillion, a PE ratio of 79.52, a P/E/G ratio of 1.33 and a beta of 1.75. NVIDIA has a 52-week low of $298.06 and a 52-week high of $974.00.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share for the quarter, beating the consensus estimate of $5.14 by $0.98. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. During the same period last year, the firm posted $0.88 EPS. The firm’s revenue for the quarter was up 262.1% on a year-over-year basis. Equities research analysts predict that NVIDIA will post 23.01 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.04%. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s payout ratio is 1.34%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the transaction, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,278 shares of company stock valued at $52,689,898. 4.23% of the stock is owned by insiders.

Institutional Trading of NVIDIA

Several large investors have recently modified their holdings of NVDA. FPC Investment Advisory Inc. acquired a new stake in NVIDIA in the first quarter valued at about $26,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in NVIDIA in the first quarter valued at about $27,000. LFA Lugano Financial Advisors SA acquired a new stake in NVIDIA in the fourth quarter valued at about $28,000. Criterion Capital Advisors LLC acquired a new stake in NVIDIA in the fourth quarter valued at about $28,000. Finally, Your Advocates Ltd. LLP acquired a new stake in NVIDIA in the third quarter valued at about $30,000. 65.27% of the stock is owned by institutional investors and hedge funds.

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.