NVIDIA Co. (NASDAQ:NVDA – Get Rating) shares hit a new 52-week low during mid-day trading on Thursday after Susquehanna Bancshares lowered their price target on the stock from $200.00 to $190.00. Susquehanna Bancshares currently has a positive rating on the stock. NVIDIA traded as low as $125.25 and last traded at $125.98, with a volume of 1078505 shares. The stock had previously closed at $132.61.
Several other brokerages also recently commented on NVDA. KeyCorp cut their price objective on NVIDIA from $250.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. Benchmark cut their price objective on NVIDIA from $228.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, August 25th. Susquehanna dropped their price target on NVIDIA from $200.00 to $190.00 and set a “positive” rating on the stock in a research report on Wednesday. TheStreet downgraded NVIDIA from a “b-” rating to a “c+” rating in a research report on Thursday, September 15th. Finally, Robert W. Baird dropped their price target on NVIDIA from $150.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $214.91.
Institutional Trading of NVIDIA
Several institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of NVIDIA in the fourth quarter valued at approximately $6,279,217,000. Price T Rowe Associates Inc. MD lifted its position in shares of NVIDIA by 7.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 56,929,819 shares of the computer hardware maker’s stock valued at $8,629,991,000 after acquiring an additional 3,813,087 shares in the last quarter. BlackRock Inc. lifted its position in shares of NVIDIA by 2.1% in the fourth quarter. BlackRock Inc. now owns 177,839,722 shares of the computer hardware maker’s stock valued at $52,304,441,000 after acquiring an additional 3,591,440 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of NVIDIA by 1.2% in the first quarter. Vanguard Group Inc. now owns 198,462,079 shares of the computer hardware maker’s stock valued at $54,152,363,000 after acquiring an additional 2,446,529 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of NVIDIA by 94.4% in the first quarter. Brown Advisory Inc. now owns 4,557,600 shares of the computer hardware maker’s stock valued at $1,244,858,000 after acquiring an additional 2,213,090 shares in the last quarter. 62.58% of the stock is owned by institutional investors and hedge funds.
NVIDIA Stock Performance
The firm has a market cap of $313.69 billion, a PE ratio of 42.11, a P/E/G ratio of 4.32 and a beta of 1.69. The firm has a 50-day moving average price of $163.39 and a two-hundred day moving average price of $186.32. The company has a quick ratio of 3.11, a current ratio of 3.62 and a debt-to-equity ratio of 0.41.
NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly earnings data on Wednesday, August 24th. The computer hardware maker reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). NVIDIA had a return on equity of 36.83% and a net margin of 26.03%. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.70 billion. During the same quarter in the previous year, the business posted $0.89 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Research analysts forecast that NVIDIA Co. will post 2.49 EPS for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 8th will be given a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.16 dividend on an annualized basis and a yield of 0.13%. NVIDIA’s dividend payout ratio is currently 5.25%.
NVIDIA Company Profile
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company’s 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.