NVIDIA Corporation (NASDAQ:NVDA) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday. They currently have a $187.73 price objective on the computer hardware maker’s stock. Vetr‘s price objective would suggest a potential upside of 3.79% from the stock’s current price.

A number of other research firms also recently issued reports on NVDA. Mizuho restated a “buy” rating and issued a $180.00 price target (up from $170.00) on shares of NVIDIA Corporation in a research report on Friday, August 11th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $140.00 price target on shares of NVIDIA Corporation in a research report on Wednesday, August 16th. Bank of America Corporation restated a “buy” rating and issued a $185.00 price target on shares of NVIDIA Corporation in a research report on Wednesday, June 21st. Zacks Investment Research upgraded shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price target on the stock in a research report on Tuesday, July 11th. Finally, Canaccord Genuity restated a “buy” rating and issued a $190.00 price target (up from $180.00) on shares of NVIDIA Corporation in a research report on Thursday, August 10th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $154.66.

Shares of NVIDIA Corporation (NASDAQ:NVDA) traded up 0.84% during midday trading on Wednesday, reaching $180.87. 10,696,220 shares of the company traded hands. The firm has a market capitalization of $108.52 billion, a P/E ratio of 52.02 and a beta of 1.28. NVIDIA Corporation has a 12 month low of $63.70 and a 12 month high of $191.20. The company has a 50 day moving average of $171.24 and a 200 day moving average of $144.60.

NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the firm posted $0.53 EPS. The company’s revenue for the quarter was up 56.2% on a year-over-year basis. On average, equities research analysts predict that NVIDIA Corporation will post $3.63 earnings per share for the current fiscal year.

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In other NVIDIA Corporation news, insider Michael Byron sold 9,538 shares of NVIDIA Corporation stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $179.80, for a total transaction of $1,714,932.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Harvey C. Jones sold 100,000 shares of NVIDIA Corporation stock in a transaction on Monday, July 10th. The stock was sold at an average price of $150.29, for a total transaction of $15,029,000.00. Following the sale, the director now owns 30,762 shares in the company, valued at approximately $4,623,220.98. The disclosure for this sale can be found here. Insiders have sold 496,478 shares of company stock worth $85,901,012 in the last ninety days. 5.17% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in NVIDIA Corporation by 7.1% during the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after buying an additional 2,676,976 shares in the last quarter. Edgewood Management LLC boosted its stake in NVIDIA Corporation by 21.9% during the first quarter. Edgewood Management LLC now owns 5,987,970 shares of the computer hardware maker’s stock worth $652,270,000 after buying an additional 1,074,303 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in NVIDIA Corporation by 8.8% during the second quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock worth $827,110,000 after buying an additional 463,306 shares in the last quarter. Janus Capital Management LLC boosted its stake in NVIDIA Corporation by 20.0% during the first quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock worth $584,832,000 after buying an additional 895,591 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in NVIDIA Corporation by 19.3% during the second quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after buying an additional 768,200 shares in the last quarter. Hedge funds and other institutional investors own 65.79% of the company’s stock.

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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