NVIDIA Corporation (NASDAQ:NVDA)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup Inc. in a report released on Thursday. They presently have a $180.00 target price on the computer hardware maker’s stock. Citigroup Inc.’s price target points to a potential upside of 4.58% from the stock’s current price.

A number of other brokerages have also commented on NVDA. BMO Capital Markets reaffirmed an “underperform” rating and issued a $85.00 target price on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Bank of America Corporation reaffirmed a “buy” rating and issued a $185.00 target price on shares of NVIDIA Corporation in a research report on Wednesday, June 21st. Roth Capital reaffirmed a “neutral” rating on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Zacks Investment Research raised NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price for the company in a research report on Tuesday, July 11th. Finally, Vetr lowered NVIDIA Corporation from a “hold” rating to a “sell” rating and set a $129.84 target price for the company. in a research report on Tuesday, May 16th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $136.64.

Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at 172.11 on Thursday. The firm has a 50 day moving average price of $159.41 and a 200 day moving average price of $126.75. NVIDIA Corporation has a one year low of $57.32 and a one year high of $174.56. The company has a market capitalization of $102.41 billion, a P/E ratio of 57.77 and a beta of 1.24.

NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.16. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue was up 48.7% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Corporation will post $3.10 EPS for the current fiscal year.

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In related news, Director Persis Drell sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $130.02, for a total transaction of $325,050.00. Following the completion of the sale, the director now owns 24,652 shares of the company’s stock, valued at $3,205,253.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director A Brooke Seawell sold 3,107 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $140.00, for a total transaction of $434,980.00. Following the sale, the director now directly owns 5,165 shares of the company’s stock, valued at approximately $723,100. The disclosure for this sale can be found here. Insiders have sold 572,282 shares of company stock valued at $86,830,082 in the last three months. 5.82% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of NVDA. Quadrant Capital Group LLC increased its stake in NVIDIA Corporation by 17.5% in the first quarter. Quadrant Capital Group LLC now owns 1,055 shares of the computer hardware maker’s stock worth $105,000 after buying an additional 157 shares during the period. TB Alternative Assets Ltd. bought a new stake in NVIDIA Corporation during the second quarter worth approximately $116,000. Proficio Capital Partners LLC increased its stake in NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after buying an additional 547 shares during the period. Hanson McClain Inc. increased its stake in NVIDIA Corporation by 12.7% in the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after buying an additional 99 shares during the period. Finally, Coconut Grove Bank increased its stake in NVIDIA Corporation by 683.9% in the first quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker’s stock worth $132,000 after buying an additional 1,060 shares during the period. 68.91% of the stock is owned by institutional investors and hedge funds.

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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