Nvidia Corp. (NASDAQ:NVDA)’s share price was up 1.3% during mid-day trading on Tuesday . The company traded as high as $47.43 and last traded at $47.25, with a volume of 5,102,489 shares traded. The stock had previously closed at $46.66.

Several brokerages have weighed in on NVDA. Needham & Company LLC reaffirmed a “hold” rating on shares of Nvidia Corp. in a research report on Thursday, March 17th. Argus began coverage on Nvidia Corp. in a research report on Friday, March 18th. They set a “buy” rating and a $39.00 price target on the stock. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Nvidia Corp. in a research report on Saturday, March 19th. Bank of America Corp. reaffirmed a “buy” rating on shares of Nvidia Corp. in a research report on Monday, March 21st. Finally, Vetr raised Nvidia Corp. from a “hold” rating to a “buy” rating and set a $35.52 price target on the stock in a research report on Monday, March 21st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $41.07.

The firm’s 50 day moving average price is $46.33 and its 200 day moving average price is $36.09. The company has a market capitalization of $25.45 billion and a PE ratio of 40.66.

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

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

In other Nvidia Corp. news, Director A Brooke Seawell sold 5,142 shares of the stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $47.01, for a total transaction of $241,725.42. Following the transaction, the director now owns 6,213 shares of the company’s stock, valued at $292,073.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael Byron sold 19,347 shares of the stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $43.38, for a total transaction of $839,272.86. Following the transaction, the insider now directly owns 155,022 shares in the company, valued at approximately $6,724,854.36. The disclosure for this sale can be found here.

Several institutional investors have modified their holdings of NVDA. Korea Investment CORP increased its position in shares of 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 in the last quarter. Teacher Retirement System of Texas increased its position in shares of 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 in the last quarter. Russell Frank Co increased its position in shares of 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 in the last quarter. Suntrust Banks Inc. increased its position in shares of 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 in the last quarter. Finally, Engineers Gate Manager LP increased its position in shares of 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 in 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.

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