NVIDIA Corporation (NASDAQ:NVDA)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity in a report issued on Friday. They presently have a $190.00 price objective on the computer hardware maker’s stock. Canaccord Genuity’s price target suggests a potential upside of 16.07% from the company’s previous close.

A number of other analysts have also weighed in on the company. Vetr upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $174.03 target price 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 target price for the company in a research note on Tuesday, July 11th. Mizuho restated a “buy” rating and issued a $170.00 target price (up from $145.00) on shares of NVIDIA Corporation in a research note on Wednesday, June 28th. BidaskClub upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Finally, Jefferies Group LLC lowered NVIDIA Corporation from a “buy” rating to an “underperform” rating and raised their target price for the company from $140.00 to $180.00 in a research note on Monday, July 10th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $145.10.

NVIDIA Corporation (NASDAQ:NVDA) traded down 1.73% during midday trading on Friday, reaching $163.69. 12,471,422 shares of the company traded hands. NVIDIA Corporation has a 12-month low of $57.31 and a 12-month high of $174.56. The company has a 50-day moving average price of $165.45 and a 200-day moving average price of $134.61. The company has a market cap of $98.21 billion, a price-to-earnings ratio of 47.08 and a beta of 1.25.

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

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In related news, insider Michael Byron sold 409 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $171.01, for a total transaction of $69,943.09. Following the transaction, the insider now directly owns 136,199 shares of the company’s stock, valued at approximately $23,291,390.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harvey C. Jones sold 145,520 shares of the business’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 value of $23,182,791.20. Following the transaction, the director now directly 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 a total of 502,210 shares of company stock worth $79,743,664 over the last three months. 5.82% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. increased its holdings in shares of NVIDIA Corporation by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after acquiring an additional 6 shares during the last quarter. Family Firm Inc. increased its holdings in shares of NVIDIA Corporation by 0.7% during the 2nd quarter. Family Firm Inc. now owns 1,968 shares of the computer hardware maker’s stock worth $284,000 after acquiring an additional 13 shares during the last quarter. Appleton Partners Inc. MA increased its holdings in shares of NVIDIA Corporation by 1.2% during the 2nd quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock worth $372,000 after acquiring an additional 30 shares during the last quarter. Carnegie Capital Asset Management LLC increased its holdings in shares of NVIDIA Corporation by 0.4% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock worth $1,212,000 after acquiring an additional 30 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its holdings in shares of NVIDIA Corporation by 1.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock worth $271,000 after acquiring an additional 33 shares during the last quarter. 65.85% of the stock is currently owned by institutional investors and hedge funds.

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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