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Equities researchers at Jefferies Group lifted their price target on shares of NVIDIA Corp. (NASDAQ:NVDA) to $18.00 in a research report issued on Thursday, Stock Ratings Network reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target would indicate a potential upside of 9.62% from the company’s current price.

NVIDIA Corp. (NASDAQ:NVDA) traded up 2.23% during mid-day trading on Thursday, hitting $17.205. The stock had a trading volume of 13,617,097 shares. NVIDIA Corp. has a 1-year low of $12.04 and a 1-year high of $16.95. The stock’s 50-day moving average is $15.83 and its 200-day moving average is $15.43. The company has a market cap of $9.782 billion and a P/E ratio of 21.74.

NVIDIA Corp. (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.14. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $0.26 earnings per share. NVIDIA Corp.’s revenue was up 3.3% compared to the same quarter last year. Analysts expect that NVIDIA Corp. will post $0.73 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 2.07%.

Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG raised their price target on shares of NVIDIA Corp. from $17.00 to $20.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at MKM Partners raised their price target on shares of NVIDIA Corp. from $14.00 to $18.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Evercore Partners upgraded shares of NVIDIA Corp. from an “underweight” rating to an “equal weight” rating in a research note on Thursday. They now have a $16.00 price target on the stock, up previously from $12.00. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $16.76.

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

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