NVIDIA Corporation (NASDAQ:NVDA)‘s stock had its “buy” rating reaffirmed by equities researchers at Bank of America Corporation in a research report issued on Monday.

Other analysts have also issued research reports about the stock. B. Riley reiterated a “buy” rating and set a $135.00 price target on shares of NVIDIA Corporation in a research report on Monday, May 8th. UBS AG reiterated a “buy” rating and set a $132.00 price target on shares of NVIDIA Corporation in a research report on Monday, April 10th. 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 report on Monday, May 15th. Susquehanna Bancshares Inc restated a “neutral” rating on shares of NVIDIA Corporation in a research report on Monday, July 3rd. Finally, Barclays PLC restated an “equal weight” rating and issued a $105.00 target price (up previously from $90.00) on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company’s stock. NVIDIA Corporation has a consensus rating of “Hold” and an average price target of $136.24.

NVIDIA Corporation (NASDAQ:NVDA) traded up 3.07% during trading on Monday, reaching $172.35. The company’s stock had a trading volume of 17,935,280 shares. The company has a market cap of $102.55 billion, a P/E ratio of 57.85 and a beta of 1.24. The company’s 50 day moving average price is $156.80 and its 200 day moving average price is $124.22. NVIDIA Corporation has a 52 week low of $57.31 and a 52 week high of $172.37.

NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.16. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The firm’s revenue for the quarter was up 48.7% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. On average, equities analysts anticipate that NVIDIA Corporation will post $3.10 earnings per share for the current fiscal year.

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In related news, Director Tench Coxe sold 50,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $129.48, for a total transaction of $6,474,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $150.29, for a total transaction of $15,029,000.00. Following the transaction, the director now owns 30,762 shares in the company, valued at $4,623,220.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 622,282 shares of company stock worth $93,304,082. 5.17% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arete Wealth Advisors LLC boosted its position in 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 valued at $314,000 after buying an additional 10 shares during the period. Appleton Partners Inc. MA boosted its position in NVIDIA Corporation by 1.2% in the second quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock valued at $372,000 after buying an additional 30 shares during the period. Miles Capital Inc. boosted its position in NVIDIA Corporation by 1.1% in the first quarter. Miles Capital Inc. now owns 3,919 shares of the computer hardware maker’s stock valued at $427,000 after buying an additional 41 shares during the period. Broderick Brian C boosted its position in NVIDIA Corporation by 0.4% in the second quarter. Broderick Brian C now owns 13,806 shares of the computer hardware maker’s stock valued at $1,996,000 after buying an additional 52 shares during the period. Finally, Savant Capital LLC boosted its position in NVIDIA Corporation by 2.7% in the first quarter. Savant Capital LLC now owns 2,270 shares of the computer hardware maker’s stock valued at $247,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 68.91% of the company’s stock.

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.

Analyst Recommendations for NVIDIA Corporation (NASDAQ:NVDA)

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