NVIDIA Corporation (NASDAQ:NVDA)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity in a note issued to investors on Monday. They presently have a $155.00 price target on the computer hardware maker’s stock. Canaccord Genuity’s price target would suggest a potential downside of 5.64% from the stock’s current price.

A number of other analysts have also recently commented on NVDA. UBS AG reiterated a “buy” rating and issued a $132.00 target price on shares of NVIDIA Corporation in a research note on Monday, April 10th. B. Riley reiterated a “buy” rating and issued a $135.00 target price on shares of NVIDIA Corporation in a research note on Monday, May 8th. BidaskClub upgraded shares of NVIDIA Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. SunTrust Banks, Inc. upgraded shares of NVIDIA Corporation from a “hold” rating to a “buy” rating and lifted their target price for the stock from $155.88 to $177.00 in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC cut shares of NVIDIA Corporation from a “buy” rating to an “underperform” rating and lifted their target price for the stock from $140.00 to $180.00 in a research note on Monday, July 10th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. NVIDIA Corporation has a consensus rating of “Hold” and a consensus target price of $133.80.

NVIDIA Corporation (NVDA) traded down 0.42% on Monday, hitting $164.25. 23,269,759 shares of the stock traded hands. The company has a market capitalization of $97.73 billion, a PE ratio of 55.14 and a beta of 1.23. The firm has a 50-day moving average price of $145.38 and a 200-day moving average price of $115.28. NVIDIA Corporation has a 12 month low of $51.84 and a 12 month high of $168.50.

NVIDIA Corporation (NASDAQ:NVDA) last released its earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.16. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. NVIDIA Corporation’s revenue for the quarter was up 48.7% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. Analysts forecast that NVIDIA Corporation will post $3.09 earnings per share for the current year.

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In related news, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $150.29, for a total transaction of $15,029,000.00. Following the sale, the director now directly owns 30,762 shares in the company, valued at $4,623,220.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harvey C. Jones sold 145,520 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $159.31, for a total transaction of $23,182,791.20. Following the sale, the director now owns 30,762 shares in the company, valued at $4,900,694.22. The disclosure for this sale can be found here. Insiders have sold 622,282 shares of company stock worth $93,304,082 over the last 90 days. Insiders own 5.17% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in NVDA. Wellington Management Group LLP raised its stake in NVIDIA Corporation by 499.0% in the first quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock worth $447,156,000 after buying an additional 3,419,701 shares during the last quarter. Vanguard Group Inc. raised its stake in NVIDIA Corporation by 7.4% in the first quarter. Vanguard Group Inc. now owns 37,580,211 shares of the computer hardware maker’s stock worth $4,093,612,000 after buying an additional 2,597,209 shares during the last quarter. Ameriprise Financial Inc. raised its stake in NVIDIA Corporation by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock worth $572,695,000 after buying an additional 1,672,231 shares during the last quarter. Winslow Capital Management LLC purchased a new stake in NVIDIA Corporation during the first quarter worth $126,231,000. Finally, WINTON GROUP Ltd raised its stake in NVIDIA Corporation by 290.5% in the first quarter. WINTON GROUP Ltd now owns 1,552,770 shares of the computer hardware maker’s stock worth $106,396,000 after buying an additional 1,155,115 shares during the last quarter. Hedge funds and other institutional investors own 68.83% of the company’s stock.

About NVIDIA Corporation

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.

Analyst Recommendations for NVIDIA Corporation (NASDAQ:NVDA)

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