NVIDIA Corporation (NASDAQ:NVDA)‘s stock had its “buy” rating reaffirmed by research analysts at B. Riley in a research note issued to investors on Tuesday. They currently have a $270.00 price objective on the computer hardware maker’s stock. B. Riley’s price target indicates a potential upside of 26.98% from the stock’s current price. B. Riley also issued estimates for NVIDIA Corporation’s Q4 2018 earnings at $1.14 EPS, Q1 2019 earnings at $0.91 EPS, Q2 2019 earnings at $1.03 EPS, Q3 2019 earnings at $1.27 EPS and Q4 2019 earnings at $1.43 EPS.

Several other research analysts have also commented on NVDA. Canaccord Genuity restated a “buy” rating and issued a $155.00 price objective on shares of NVIDIA Corporation in a report on Monday, July 17th. Mizuho restated a “buy” rating and issued a $170.00 price objective on shares of NVIDIA Corporation in a report on Friday, July 21st. Summit Redstone restated a “buy” rating on shares of NVIDIA Corporation in a report on Saturday, July 22nd. BidaskClub upgraded shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Finally, Bank of America Corporation restated a “buy” rating on shares of NVIDIA Corporation in a report on Monday, August 7th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $185.93.

Shares of NVIDIA Corporation (NVDA) traded down $3.51 during midday trading on Tuesday, reaching $212.63. 14,559,400 shares of the company’s stock traded hands, compared to its average volume of 17,758,639. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. NVIDIA Corporation has a 1-year low of $83.62 and a 1-year high of $218.67. The company has a market cap of $128,110.00, a price-to-earnings ratio of 53.24, a PEG ratio of 5.34 and a beta of 1.23.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the business earned $0.94 EPS. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. research analysts expect that NVIDIA Corporation will post 3.61 EPS for the current year.

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In related news, insider Jen Hsun Huang sold 110,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total value of $18,268,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tench Coxe sold 50,000 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $189.62, for a total transaction of $9,481,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 436,503 shares of company stock valued at $78,796,295. 5.17% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of NVDA. Achmea Investment Management B.V. purchased a new position in shares of NVIDIA Corporation in the first quarter valued at $2,660,000. Ibex Wealth Advisors grew its holdings in shares of NVIDIA Corporation by 12.4% in the first quarter. Ibex Wealth Advisors now owns 32,087 shares of the computer hardware maker’s stock valued at $3,210,000 after purchasing an additional 3,540 shares in the last quarter. Proficio Capital Partners LLC grew its holdings 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 valued at $117,000 after purchasing an additional 547 shares in the last quarter. Sowell Financial Services LLC grew its holdings in shares of NVIDIA Corporation by 664.4% in the first quarter. Sowell Financial Services LLC now owns 4,724 shares of the computer hardware maker’s stock valued at $655,000 after purchasing an additional 4,106 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its holdings in shares of NVIDIA Corporation by 2.5% in the first quarter. Perigon Wealth Management LLC now owns 15,395 shares of the computer hardware maker’s stock valued at $1,677,000 after purchasing an additional 379 shares in the last quarter. 65.40% of the stock is owned by hedge funds and other institutional investors.

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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