Published On: Wed, Sep 21st, 2016

Nvidia Corp. (NVDA) Research Coverage Started at Susquehanna

Analysts at Susquehanna began coverage on shares of Nvidia Corp. (NASDAQ:NVDA) in a research note issued to investors on Tuesday. The brokerage set a “neutral” rating and a $66.00 price target on the computer hardware maker’s stock. Susquehanna’s target price suggests a potential upside of 4.61% from the company’s current price.
Other analysts have also recently issued reports about the stock. Vetr upgraded shares of Nvidia Corp. from a “sell” rating to a “hold” rating and set a $46.19 target price for the company in a report on Thursday, June 2nd. Jefferies Group raised their target price on shares of Nvidia Corp. from $56.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, August 8th. RBC Capital Markets restated an “outperform” rating and set a $72.00 target price on shares of Nvidia Corp. in a report on Wednesday, August 31st. B. Riley restated a “buy” rating and set a $58.00 target price on shares of Nvidia Corp. in a report on Monday, July 11th. Finally, Goldman Sachs Group Inc. raised their target price on shares of Nvidia Corp. to $70.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $57.20.
Nvidia Corp. (NASDAQ:NVDA) traded down 0.91% during mid-day trading on Tuesday, hitting $63.09. The stock had a trading volume of 8,277,832 shares. The firm’s 50-day moving average is $61.08 and its 200 day moving average is $46.94. Nvidia Corp. has a one year low of $22.50 and a one year high of $65.26. The stock has a market cap of $33.75 billion, a PE ratio of 41.45 and a beta of 1.26.

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Nvidia Corp. (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, August 11th. The computer hardware maker reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.16. Nvidia Corp. had a net margin of 16.58% and a return on equity of 20.86%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business earned $0.34 earnings per share. The business’s revenue for the quarter was up 23.9% on a year-over-year basis. Equities research analysts expect that Nvidia Corp. will post $1.85 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 25th were issued a $0.115 dividend. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.46 annualized dividend and a yield of 0.73%. Nvidia Corp.’s dividend payout ratio (DPR) is presently 30.26%.
In related news, CEO Jen Hsun Huang sold 40,000 shares of Nvidia Corp. stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $52.94, for a total value of $2,117,600.00. Following the transaction, the chief executive officer now owns 1,817,279 shares in the company, valued at approximately $96,206,750.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark L. Perry sold 35,000 shares of Nvidia Corp. stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $52.93, for a total transaction of $1,852,550.00. Following the completion of the transaction, the director now owns 97,292 shares in the company, valued at approximately $5,149,665.56. The disclosure for this sale can be found here. 5.82% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Atlantic Trust Group LLC increased its position in shares of Nvidia Corp. by 0.3% in the second quarter. Atlantic Trust Group LLC now owns 27,441 shares of the computer hardware maker’s stock valued at $1,289,000 after buying an additional 81 shares during the period. IFC Holdings Incorporated FL increased its position in shares of Nvidia Corp. by 1.2% in the second quarter. IFC Holdings Incorporated FL now owns 8,639 shares of the computer hardware maker’s stock valued at $403,000 after buying an additional 100 shares during the period. Advantus Capital Management Inc increased its position in shares of Nvidia Corp. by 0.3% in the second quarter. Advantus Capital Management Inc now owns 50,125 shares of the computer hardware maker’s stock valued at $2,356,000 after buying an additional 131 shares during the period. Baker Avenue Asset Management LP increased its position in shares of Nvidia Corp. by 0.6% in the first quarter. Baker Avenue Asset Management LP now owns 32,830 shares of the computer hardware maker’s stock valued at $1,170,000 after buying an additional 200 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Nvidia Corp. by 2.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 13,618 shares of the computer hardware maker’s stock valued at $576,000 after buying an additional 262 shares during the period. Hedge funds and other institutional investors own 86.69% of the company’s stock.
Nvidia Corp. Company Profile
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.

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