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Investment analysts at Deutsche Bank hoisted their price objective on shares of NVIDIA (NASDAQ:NVDA) from $16.00 to $17.00 in a note issued to investors on Friday. Deutsche Bank’s price target suggests a potential downside of 10.53% from the stock’s previous close.

A number of other analysts have also recently weighed in on NVDA. Analysts at Canaccord Genuity raised their price target on shares of NVIDIA from $19.00 to $20.00 in a research note on Friday. Separately, 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. Finally, analysts at Barclays raised their price target on shares of NVIDIA from $17.00 to $18.00 in a research note on Friday. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.04.

In other NVIDIA news, CAO David M. Shannon sold 2,445 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $17.66, for a total value of $43,178.70. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of 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 issued its quarterly earnings data 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. On average, analysts predict that NVIDIA will post $0.93 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Investors 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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