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NVIDIA Corp. (NASDAQ:NVDA) set a new 52-week high during trading on Wednesday, Analyst Ratings News reports. The stock traded as high as $16.44 and last traded at $16.33, with a volume of 4,220,850 shares. The stock had previously closed at $16.14.

NVDA has been the subject of a number of recent research reports. Analysts at UBS AG downgraded shares of NVIDIA Corp. from an “equal weight” rating to an “underweight” rating in a research note to investors on Monday, November 18th. Separately, analysts at Morgan Stanley downgraded shares of NVIDIA Corp. from an “equal weight” rating to an “underweight” rating in a research note to investors on Monday, November 18th. They now have a $13.00 price target on the stock, up previously from $8.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of NVIDIA Corp. in a research note to investors on Monday, November 11th. They now have a $16.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.15.

NVIDIA Corp. has a 1-year low of $11.91 and a 1-year high of $16.32. The stock’s 50-day moving average is $15.56 and its 200-day moving average is $15.16. The company has a market cap of $9.301 billion and a P/E ratio of 20.85.

NVIDIA Corp. (NASDAQ:NVDA) last announced its earnings results on Thursday, November 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, analysts predict that NVIDIA Corp. will post $0.67 earnings per share for the current fiscal year.

NVIDIA Corporation (NASDAQ:NVDA) is engaged in creating the graphics chips used in personal computers (PCs).

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