NVIDIA Corporation (NASDAQ:NVDA) had its target price hoisted by Canaccord Genuity to $130.00 in a report issued on Friday morning. Canaccord Genuity currently has a buy rating on the computer hardware maker’s stock.

Other equities analysts have also issued research reports about the stock. B. Riley reiterated a buy rating and issued a $85.00 price objective on shares of NVIDIA Corporation in a report on Thursday, October 27th. Royal Bank Of Canada boosted their price objective on shares of NVIDIA Corporation from $124.00 to $130.00 and gave the stock an outperform rating in a report on Friday, February 10th. RBC Capital Markets boosted their price objective on shares of NVIDIA Corporation from $124.00 to $130.00 and gave the stock an outperform rating in a report on Friday, February 10th. Instinet boosted their price objective on shares of NVIDIA Corporation to $100.00 in a report on Friday, February 10th. Finally, Jefferies Group LLC reiterated a buy rating and issued a $110.00 price objective (up previously from $95.00) on shares of NVIDIA Corporation in a report on Tuesday, December 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and four have issued a strong buy rating to the company. NVIDIA Corporation currently has an average rating of Buy and an average price target of $98.90.

NVIDIA Corporation (NASDAQ:NVDA) traded down 1.61% during trading on Friday, hitting $107.25. The company had a trading volume of 16,179,386 shares. The company has a market cap of $59.31 billion, a PE ratio of 41.73 and a beta of 1.31. The company’s 50 day moving average price is $108.57 and its 200-day moving average price is $82.48. NVIDIA Corporation has a 12 month low of $29.65 and a 12 month high of $120.92.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, February 9th. The computer hardware maker reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.30. NVIDIA Corporation had a net margin of 23.82% and a return on equity of 34.13%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the previous year, the business posted $0.35 EPS. The firm’s revenue was up 54.9% compared to the same quarter last year. Equities analysts expect that NVIDIA Corporation will post $2.77 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, February 24th will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, February 22nd. This represents a $0.56 annualized dividend and a dividend yield of 0.52%. NVIDIA Corporation’s dividend payout ratio (DPR) is 21.96%.

In related news, Director Tench Coxe sold 50,000 shares of the firm’s stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $116.70, for a total value of $5,835,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William J. Miller sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $98.74, for a total transaction of $987,400.00. Following the completion of the transaction, the director now owns 40,912 shares in the company, valued at $4,039,650.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 162,597 shares of company stock worth $17,895,685. 5.82% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of NVDA. West Oak Capital LLC raised its position in NVIDIA Corporation by 183.6% in the third quarter. West Oak Capital LLC now owns 1,560 shares of the computer hardware maker’s stock worth $107,000 after buying an additional 1,010 shares during the last quarter. Brick & Kyle Associates raised its position in NVIDIA Corporation by 25.1% in the second quarter. Brick & Kyle Associates now owns 2,502 shares of the computer hardware maker’s stock worth $118,000 after buying an additional 502 shares during the last quarter. Cornerstone Advisors Inc. raised its position in NVIDIA Corporation by 52.2% in the third quarter. Cornerstone Advisors Inc. now owns 1,784 shares of the computer hardware maker’s stock worth $122,000 after buying an additional 612 shares during the last quarter. Stephens Inc. AR raised its position in NVIDIA Corporation by 10.2% in the third quarter. Stephens Inc. AR now owns 1,926 shares of the computer hardware maker’s stock worth $132,000 after buying an additional 179 shares during the last quarter. Finally, Mascoma Wealth Management LLC purchased a new position in NVIDIA Corporation during the fourth quarter worth about $154,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

NVIDIA Corporation Company Profile

NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.

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