NVIDIA Corporation (NASDAQ:NVDA)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse Group in a note issued to investors on Thursday.

A number of other research analysts have also recently issued reports on the company. Vetr upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $174.03 price objective for the company in a research note on Monday, June 12th. Zacks Investment Research upgraded NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price objective for the company in a research note on Tuesday, July 11th. Canaccord Genuity reiterated a “buy” rating on shares of NVIDIA Corporation in a research note on Saturday, June 3rd. Mizuho reiterated a “buy” rating and set a $170.00 price objective (up previously from $145.00) on shares of NVIDIA Corporation in a research note on Wednesday, June 28th. Finally, BidaskClub upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $144.95.

Shares of NVIDIA Corporation (NVDA) traded up 2.0305% during mid-day trading on Thursday, reaching $169.0441. The company had a trading volume of 10,148,675 shares. The stock has a 50 day moving average price of $163.91 and a 200 day moving average price of $131.12. The firm has a market capitalization of $101.43 billion, a PE ratio of 48.6178 and a beta of 1.24. NVIDIA Corporation has a 12-month low of $57.32 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. On average, equities analysts forecast that NVIDIA Corporation will post $3.60 earnings per share for the current year.

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In other news, Director Mark L. Perry sold 16,281 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $162.24, for a total value of $2,641,429.44. Following the sale, the director now directly owns 48,069 shares in the company, valued at $7,798,714.56. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Harvey C. Jones sold 145,520 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $159.31, for a total value of $23,182,791.20. Following the completion of 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. Over the last quarter, insiders sold 411,801 shares of company stock worth $64,525,721. Company insiders own 5.82% of the company’s stock.

Large investors have recently modified their holdings of the company. Achmea Investment Management B.V. increased its stake in shares of NVIDIA Corporation by 3.9% in the second quarter. Achmea Investment Management B.V. now owns 25,357 shares of the computer hardware maker’s stock valued at $3,663,000 after buying an additional 941 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of NVIDIA Corporation during the second quarter valued at $28,543,000. Sentry Investment Management LLC increased its stake in shares of NVIDIA Corporation by 66.0% in the second quarter. Sentry Investment Management LLC now owns 46,589 shares of the computer hardware maker’s stock valued at $6,735,000 after buying an additional 18,518 shares during the last quarter. Atlantic Trust LLC increased its stake in shares of NVIDIA Corporation by 2,103.3% in the second quarter. Atlantic Trust LLC now owns 11,193 shares of the computer hardware maker’s stock valued at $1,618,000 after buying an additional 10,685 shares during the last quarter. Finally, WFG Advisors LP increased its stake in shares of NVIDIA Corporation by 64.4% in the second quarter. WFG Advisors LP now owns 1,598 shares of the computer hardware maker’s stock valued at $231,000 after buying an additional 626 shares during the last quarter. Hedge funds and other institutional investors 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.

Analyst Recommendations for NVIDIA Corporation (NASDAQ:NVDA)

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