Shares of NVIDIA Corporation (NASDAQ:NVDA) have earned a consensus recommendation of “Hold” from the forty-one research firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $121.49.

Several research firms have commented on NVDA. B. Riley restated a “buy” rating and issued a $135.00 target price on shares of NVIDIA Corporation in a research note on Monday, May 8th. Canaccord Genuity restated a “buy” rating on shares of NVIDIA Corporation in a research note on Saturday, June 3rd. Raymond James Financial, Inc. restated an “outperform” rating and issued a $175.00 target price on shares of NVIDIA Corporation in a research note on Friday. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $165.00 target price (up previously from $130.00) on shares of NVIDIA Corporation in a research note on Monday, May 15th. Finally, Rosenblatt Securities began coverage on NVIDIA Corporation in a research note on Wednesday, February 22nd. They issued a “buy” rating and a $140.00 target price on the stock.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.16. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the firm earned $0.46 EPS. NVIDIA Corporation’s quarterly revenue was up 48.7% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Tuesday, May 23rd were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, May 19th. This represents a $0.56 annualized dividend and a yield of 0.37%. NVIDIA Corporation’s dividend payout ratio is presently 18.60%.

In other news, EVP Ajay K. Puri sold 133,542 shares of the firm’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $108.53, for a total transaction of $14,493,313.26. Following the completion of the transaction, the executive vice president now directly owns 601,367 shares in the company, valued at $65,266,360.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tench Coxe sold 50,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $164.53, for a total value of $8,226,500.00. The disclosure for this sale can be found here. Insiders sold 410,304 shares of company stock valued at $54,139,604 over the last quarter. Corporate insiders own 5.17% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Arete Wealth Advisors LLC increased its position in shares of NVIDIA Corporation by 0.3% in the first quarter. Arete Wealth Advisors LLC now owns 2,884 shares of the computer hardware maker’s stock worth $314,000 after buying an additional 10 shares during the period. Miles Capital Inc. increased its position in shares of NVIDIA Corporation by 1.1% in the first quarter. Miles Capital Inc. now owns 3,919 shares of the computer hardware maker’s stock worth $427,000 after buying an additional 41 shares during the period. Savant Capital LLC increased its position in shares of NVIDIA Corporation by 2.7% in the first quarter. Savant Capital LLC now owns 2,270 shares of the computer hardware maker’s stock worth $247,000 after buying an additional 60 shares during the period. Whittier Trust Co. increased its position in shares of NVIDIA Corporation by 2.1% in the first quarter. Whittier Trust Co. now owns 3,135 shares of the computer hardware maker’s stock worth $341,000 after buying an additional 63 shares during the period. Finally, Rational Advisors LLC increased its position in shares of NVIDIA Corporation by 2.0% in the first quarter. Rational Advisors LLC now owns 4,045 shares of the computer hardware maker’s stock worth $441,000 after buying an additional 80 shares during the period. Institutional investors own 70.10% of the company’s stock.

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NVIDIA Corporation Company Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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