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Equities research analysts at Canaccord Genuity boosted their target price on shares of NVIDIA (NASDAQ:NVDA) from $19.00 to $20.00 in a research note issued to investors on Friday. Canaccord Genuity’s price target would indicate a potential upside of 5.26% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets raised their price target on shares of NVIDIA from $15.00 to $18.00 in a research note on Friday. Separately, analysts at Barclays raised their price target on shares of NVIDIA from $17.00 to $18.00 in a research note on Friday. Finally, analysts at Nomura reiterated a “buy” rating on shares of NVIDIA in a research note on Friday. They now have a $22.00 price target on the stock, up previously from $20.00. Six analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. NVIDIA currently has an average rating of “Hold” and a consensus price target of $20.04.

In other NVIDIA news, CAO David M. Shannon sold 2,445 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $17.66, for a total value of $43,178.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NVIDIA (NASDAQ:NVDA) traded up 8.82% on Friday, hitting $19.00. The stock had a trading volume of 22,366,080 shares. NVIDIA has a 1-year low of $13.11 and a 1-year high of $19.73. The stock has a 50-day moving average of $18.44 and a 200-day moving average of $18.18. The company has a market cap of $10.601 billion and a price-to-earnings ratio of 20.49.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.10. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts expect that NVIDIA will post $0.93 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Tuesday, August 19th.

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

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