Nvidia Corp. (NASDAQ:NVDA) was up 1.2% during trading on Tuesday . The stock traded as high as $53.73 and last traded at $53.59, with a volume of 6,450,436 shares. The stock had previously closed at $52.97.

Several equities research analysts have commented on NVDA shares. MKM Partners reissued a “buy” rating and set a $39.00 price target on shares of Nvidia Corp. in a research report on Monday, March 28th. B. Riley reissued a “buy” rating and set a $37.00 price target on shares of Nvidia Corp. in a research report on Wednesday, March 30th. Vetr cut shares of Nvidia Corp. from a “buy” rating to a “hold” rating and set a $35.86 price target on the stock. in a research report on Thursday, March 31st. Royal Bank Of Canada boosted their price target on shares of Nvidia Corp. from $32.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, April 1st. Finally, Jefferies Group boosted their price target on shares of Nvidia Corp. from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, April 4th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $42.63.

The stock has a market capitalization of $28.86 billion and a price-to-earnings ratio of 46.11. The firm has a 50-day moving average price of $48.42 and a 200 day moving average price of $37.44.

Nvidia Corp. (NASDAQ:NVDA) last posted its 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 last year, the company posted $0.33 EPS. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. The business’s revenue was up 13.5% on a year-over-year basis. On average, analysts expect that Nvidia Corp. will post $1.57 EPS for the current fiscal year.

In other Nvidia Corp. news, CEO Jen Hsun Huang sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $52.94, for a total value of $2,117,600.00. Following the completion of the transaction, the chief executive officer now owns 1,817,279 shares of the company’s stock, valued at approximately $96,206,750.26. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark L. Perry sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $52.93, for a total transaction of $1,852,550.00. Following the completion of the transaction, the director now directly owns 97,292 shares of the company’s stock, valued at approximately $5,149,665.56. The disclosure for this sale can be found here.

A number of institutional investors recently added to or reduced their stakes in NVDA. Sawtooth Asset Management Inc. boosted its position in Nvidia Corp. by 2,036.1% in the fourth quarter. Sawtooth Asset Management Inc. now owns 41,205 shares of the computer hardware maker’s stock worth $1,358,000 after buying an additional 39,276 shares in the last quarter. Norinchukin Bank The boosted its position in Nvidia Corp. by 171.8% in the fourth quarter. Norinchukin Bank The now owns 79,635 shares of the computer hardware maker’s stock worth $2,625,000 after buying an additional 50,338 shares in the last quarter. BP PLC boosted its position in Nvidia Corp. by 100.0% in the fourth quarter. BP PLC now owns 140,000 shares of the computer hardware maker’s stock worth $4,614,000 after buying an additional 70,000 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in Nvidia Corp. by 0.5% in the fourth quarter. Gulf International Bank UK Ltd now owns 164,125 shares of the computer hardware maker’s stock worth $5,410,000 after buying an additional 790 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Nvidia Corp. by 1.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,393 shares of the computer hardware maker’s stock worth $1,101,000 after buying an additional 494 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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