NVIDIA Corporation (NASDAQ:NVDA) was upgraded by Vetr from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The brokerage presently has a $171.55 price target on the computer hardware maker’s stock. Vetr‘s price target points to a potential upside of 3.99% from the company’s previous close.

NVDA has been the subject of a number of other research reports. Stifel Nicolaus lifted their price objective on NVIDIA Corporation from $90.00 to $93.00 and gave the company a “hold” rating in a research note on Wednesday, May 10th. Rosenblatt Securities reiterated a “buy” rating and set a $140.00 price objective on shares of NVIDIA Corporation in a research note on Friday, May 19th. Royal Bank Of Canada restated an “outperform” rating and issued a $175.00 price target on shares of NVIDIA Corporation in a research note on Thursday, July 13th. Zacks Investment Research upgraded NVIDIA Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 8th. Finally, BidaskClub cut NVIDIA Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. NVIDIA Corporation presently has an average rating of “Hold” and a consensus target price of $144.95.

Shares of NVIDIA Corporation (NVDA) traded up 0.71% during midday trading on Monday, reaching $164.97. 9,612,301 shares of the company’s stock were exchanged. The stock has a market cap of $98.98 billion, a PE ratio of 47.45 and a beta of 1.24. The company’s 50 day moving average is $163.91 and its 200-day moving average is $131.12. NVIDIA Corporation has a 12 month low of $57.31 and a 12 month high of $174.56.

NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The firm’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. Equities analysts forecast that NVIDIA Corporation will post $3.60 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece of content was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/28/nvidia-corporation-nvda-upgraded-to-buy-at-vetr-inc.html.

In other NVIDIA Corporation news, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 30,762 shares in the company, valued at $4,623,220.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark L. Perry sold 16,281 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $162.24, for a total value of $2,641,429.44. Following the sale, the director now owns 48,069 shares in the company, valued at $7,798,714.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 475,518 shares of company stock worth $73,752,579. Company insiders own 5.17% of the company’s stock.

A number of large investors have recently modified their holdings of NVDA. Evercore Wealth Management LLC increased its stake in shares of NVIDIA Corporation by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after buying an additional 206 shares during the period. TB Alternative Assets Ltd. bought a new stake in shares of NVIDIA Corporation during the second quarter worth about $116,000. Proficio Capital Partners LLC increased its stake in shares of NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after buying an additional 547 shares during the period. Thompson Davis & CO. Inc. increased its stake in shares of NVIDIA Corporation by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after buying an additional 6 shares during the period. Finally, Hanson McClain Inc. increased its stake in shares of NVIDIA Corporation by 12.7% in the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after buying an additional 99 shares during the period. Institutional investors and hedge funds own 66.41% 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for NVIDIA Corporation (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with MarketBeat.com's FREE daily email newsletter.