Canaccord Genuity reissued their buy rating on shares of NVIDIA Corporation (NASDAQ:NVDA) in a report published on Monday morning. Canaccord Genuity currently has a $155.00 target price on the computer hardware maker’s stock.

NVDA has been the subject of a number of other reports. Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a $171.00 price target (up from $165.00) on shares of NVIDIA Corporation in a research report on Wednesday, June 14th. Vetr lowered shares of NVIDIA Corporation from a strong-buy rating to a buy rating and set a $117.10 target price for the company. in a research report on Monday, March 20th. Zacks Investment Research lowered shares of NVIDIA Corporation from a hold rating to a sell rating in a research report on Thursday, April 13th. CLSA restated an underperform rating and set a $115.00 target price on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Finally, Pacific Crest restated an underweight rating and set a $90.00 target price on shares of NVIDIA Corporation in a research report on Monday, May 8th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $133.80.

NVIDIA Corporation (NASDAQ NVDA) traded up 0.65% during mid-day trading on Monday, hitting $168.59. 10,289,725 shares of the stock traded hands. NVIDIA Corporation has a 12 month low of $53.02 and a 12 month high of $169.30. The company’s 50 day moving average is $153.14 and its 200 day moving average is $120.55. The company has a market cap of $100.31 billion, a P/E ratio of 56.59 and a beta of 1.23.

NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.16. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The company’s revenue was up 48.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. On average, analysts expect that NVIDIA Corporation will post $3.09 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/nvidia-corporations-nvda-buy-rating-reaffirmed-at-canaccord-genuity/1454531.html.

In related news, Director Harvey C. Jones sold 100,000 shares of NVIDIA Corporation stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $150.29, for a total value of $15,029,000.00. Following the completion of the sale, the director now directly owns 30,762 shares in the company, valued at approximately $4,623,220.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tench Coxe sold 50,000 shares of NVIDIA Corporation stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $164.53, for a total transaction of $8,226,500.00. The disclosure for this sale can be found here. Insiders sold a total of 622,282 shares of company stock valued at $93,304,082 over the last quarter. 5.82% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in NVDA. Greenwich Wealth Management LLC boosted its stake in NVIDIA Corporation by 0.6% in the first quarter. Greenwich Wealth Management LLC now owns 55,437 shares of the computer hardware maker’s stock worth $6,039,000 after buying an additional 357 shares during the period. Columbus Circle Investors bought a new stake in NVIDIA Corporation during the first quarter worth approximately $8,530,000. Ameriprise Financial Inc. boosted its stake in NVIDIA Corporation by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock worth $572,695,000 after buying an additional 1,672,231 shares during the period. Menora Mivtachim Holdings LTD. bought a new stake in NVIDIA Corporation during the first quarter worth approximately $17,244,000. Finally, Koch Industries Inc. bought a new stake in NVIDIA Corporation during the first quarter worth approximately $634,000. Institutional investors own 68.83% of the company’s stock.

About NVIDIA Corporation

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)

Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.