NVIDIA Corporation (NASDAQ:NVDA)‘s stock had its “outperform” rating restated by stock analysts at Sanford C. Bernstein in a report released on Saturday.

NVDA has been the subject of several other research reports. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $171.00 price target (up previously from $165.00) on shares of NVIDIA Corporation in a research report on Wednesday, June 14th. Vetr downgraded shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 price target for the company. in a research report on Thursday, August 31st. Zacks Investment Research raised shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price target for the company in a research report on Tuesday, July 11th. Credit Suisse Group reissued an “outperform” rating on shares of NVIDIA Corporation in a research report on Thursday, August 31st. Finally, BidaskClub raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. NVIDIA Corporation currently has a consensus rating of “Hold” and an average price target of $147.03.

NVIDIA Corporation (NASDAQ NVDA) traded down 0.97% during trading on Friday, reaching $179.00. The company’s stock had a trading volume of 12,280,771 shares. The firm has a market cap of $107.40 billion, a PE ratio of 51.48 and a beta of 1.25. The company has a 50-day moving average of $167.68 and a 200 day moving average of $138.76. NVIDIA Corporation has a one year low of $63.27 and a one year high of $191.20.

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 net margin of 27.41% and a return on equity of 39.59%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The business’s revenue for the quarter was up 56.2% on a year-over-year basis. Analysts expect that NVIDIA Corporation will post $3.63 EPS for the current fiscal year.

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In related news, Director Harvey C. Jones sold 100,000 shares of NVIDIA Corporation stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $185.65, for a total transaction of $18,565,000.00. Following the completion of the transaction, the director now directly owns 30,762 shares of the company’s stock, valued at approximately $5,710,965.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 80,250 shares of NVIDIA Corporation stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $187.23, for a total transaction of $15,025,207.50. Following the transaction, the director now directly owns 37,382 shares of the company’s stock, valued at $6,999,031.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 536,940 shares of company stock valued at $91,728,080. 5.82% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in NVIDIA Corporation by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after buying an additional 2,676,976 shares during the period. Edgewood Management LLC boosted its position in NVIDIA Corporation by 21.9% in the 1st quarter. Edgewood Management LLC now owns 5,987,970 shares of the computer hardware maker’s stock valued at $652,270,000 after buying an additional 1,074,303 shares during the period. Ameriprise Financial Inc. boosted its position in NVIDIA Corporation by 8.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock valued at $827,110,000 after buying an additional 463,306 shares during the period. Janus Capital Management LLC boosted its position in NVIDIA Corporation by 20.0% in the 1st quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock valued at $584,832,000 after buying an additional 895,591 shares during the period. Finally, Renaissance Technologies LLC boosted its position in NVIDIA Corporation by 19.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after buying an additional 768,200 shares during the period. 65.79% of the stock is owned by hedge funds and other institutional investors.

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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