SunTrust Banks Inc. started coverage on shares of Nvidia Corp. (NASDAQ:NVDA) in a research note issued to investors on Monday. The firm issued a neutral rating and a $59.00 price target on the computer hardware maker’s stock.

A number of other brokerages also recently commented on NVDA. Goldman Sachs Group Inc. assumed coverage on shares of Nvidia Corp. in a report on Thursday, June 2nd. They set a buy rating and a $54.00 price target for the company. Jefferies Group reiterated a buy rating and set a $45.00 price target on shares of Nvidia Corp. in a report on Sunday, May 22nd. B. Riley reiterated a buy rating and set a $58.00 price target on shares of Nvidia Corp. in a report on Friday, June 17th. Canaccord Genuity reiterated a buy rating and set a $55.00 price target (up from $45.00) on shares of Nvidia Corp. in a report on Thursday, June 16th. Finally, MKM Partners reiterated a buy rating and set a $52.00 price target (up from $43.00) on shares of Nvidia Corp. in a report on Monday, June 13th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $57.20.

Shares of Nvidia Corp. (NASDAQ:NVDA) opened at 64.86 on Monday. Nvidia Corp. has a 12-month low of $22.50 and a 12-month high of $65.26. The firm’s 50-day moving average is $61.39 and its 200-day moving average is $47.19. The firm has a market capitalization of $34.70 billion, a price-to-earnings ratio of 42.61 and a beta of 1.26.

Nvidia Corp. (NASDAQ:NVDA) last posted its earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.16. Nvidia Corp. had a net margin of 16.58% and a return on equity of 20.86%. The firm earned $1.43 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. Equities research analysts forecast that Nvidia Corp. will post $1.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, August 25th were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, August 23rd. Nvidia Corp.’s payout ratio is 30.26%.

In other Nvidia Corp. news, insider Jen Hsun Huang sold 40,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $58.66, for a total value of $2,346,400.00. Following the completion of the sale, the insider now directly owns 1,817,279 shares of the company’s stock, valued at approximately $106,601,586.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director A Brooke Seawell sold 30,000 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $62.52, for a total transaction of $1,875,600.00. Following the completion of the sale, the director now directly owns 6,213 shares of the company’s stock, valued at $388,436.76. The disclosure for this sale can be found here. 5.82% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Atlantic Trust Group LLC increased its stake in shares of Nvidia Corp. by 0.3% in the second quarter. Atlantic Trust Group LLC now owns 27,441 shares of the computer hardware maker’s stock worth $1,289,000 after buying an additional 81 shares during the last quarter. IFC Holdings Incorporated FL increased its stake in shares of Nvidia Corp. by 1.2% in the second quarter. IFC Holdings Incorporated FL now owns 8,639 shares of the computer hardware maker’s stock worth $403,000 after buying an additional 100 shares during the last quarter. Advantus Capital Management Inc increased its stake in shares of Nvidia Corp. by 0.3% in the second quarter. Advantus Capital Management Inc now owns 50,125 shares of the computer hardware maker’s stock worth $2,356,000 after buying an additional 131 shares during the last quarter. Baker Avenue Asset Management LP increased its stake in shares of Nvidia Corp. by 0.6% in the first quarter. Baker Avenue Asset Management LP now owns 32,830 shares of the computer hardware maker’s stock worth $1,170,000 after buying an additional 200 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Nvidia Corp. by 2.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 13,618 shares of the computer hardware maker’s stock worth $576,000 after buying an additional 262 shares during the last quarter. 86.37% of the stock is owned by institutional investors.

Nvidia Corp. 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.

5 Day Chart for NASDAQ:NVDA

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