Shares of Nvidia Corp. (NASDAQ:NVDA) hit a new 52-week high during trading on Thursday . The company traded as high as $49.06 and last traded at $48.71, with a volume of 5,640,587 shares trading hands. The stock had previously closed at $47.65.

A number of brokerages have commented on NVDA. Wedbush boosted their price target on shares of Nvidia Corp. from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 13th. Deutsche Bank AG boosted their price target on shares of Nvidia Corp. from $26.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, April 6th. KeyCorp restated a “hold” rating on shares of Nvidia Corp. in a research note on Wednesday. Zacks Investment Research lowered shares of Nvidia Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Finally, Vetr lowered shares of Nvidia Corp. from a “buy” rating to a “sell” rating and set a $38.94 price target for the company. in a research note on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $41.07.

The firm has a market capitalization of $26.14 billion and a P/E ratio of 41.77. The company has a 50 day moving average price of $46.33 and a 200 day moving average price of $36.09.

Nvidia Corp. (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, May 12th. The computer hardware maker reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.14. The business earned $1.31 billion during the quarter, compared to analysts’ expectations of $1.26 billion. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 earnings per share. On average, equities research analysts expect that Nvidia Corp. will post $1.57 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 20th. Investors of record on Thursday, May 26th were issued a $0.115 dividend. The ex-dividend date of this dividend was Tuesday, May 24th. This represents a $0.46 dividend on an annualized basis and a yield of 0.97%.

In related news, Director A Brooke Seawell sold 5,142 shares of the business’s stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $47.01, for a total value of $241,725.42. Following the transaction, the director now directly owns 6,213 shares of the company’s stock, valued at approximately $292,073.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $46.49, for a total value of $1,859,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,817,279 shares in the company, valued at $84,485,300.71. The disclosure for this sale can be found here.

A number of hedge funds have recently added to or reduced their stakes in NVDA. Korea Investment CORP increased its stake in Nvidia Corp. by 40.1% in the fourth quarter. Korea Investment CORP now owns 78,200 shares of the computer hardware maker’s stock worth $2,577,000 after buying an additional 22,400 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Nvidia Corp. by 330.8% in the fourth quarter. Teacher Retirement System of Texas now owns 124,145 shares of the computer hardware maker’s stock worth $4,092,000 after buying an additional 95,326 shares during the last quarter. Russell Frank Co increased its stake in Nvidia Corp. by 33.8% in the fourth quarter. Russell Frank Co now owns 274,765 shares of the computer hardware maker’s stock worth $9,175,000 after buying an additional 69,352 shares during the last quarter. Suntrust Banks Inc. increased its stake in Nvidia Corp. by 67.2% in the fourth quarter. Suntrust Banks Inc. now owns 76,155 shares of the computer hardware maker’s stock worth $2,508,000 after buying an additional 30,615 shares during the last quarter. Finally, Engineers Gate Manager LP increased its stake in Nvidia Corp. by 39.7% in the fourth quarter. Engineers Gate Manager LP now owns 190,925 shares of the computer hardware maker’s stock worth $6,293,000 after buying an additional 54,301 shares during the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.