Nvidia Corp. (NASDAQ:NVDA) gapped up prior to trading on Monday . The stock had previously closed at $54.58, but opened at $54.67. Nvidia Corp. shares last traded at $55.49, with a volume of 5,036,866 shares changing hands.

NVDA has been the subject of a number of recent analyst reports. Canaccord Genuity restated a “buy” rating and issued a $41.00 target price (up from $36.00) on shares of Nvidia Corp. in a report on Wednesday, April 6th. Jefferies Group boosted their price objective on shares of Nvidia Corp. from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 4th. B. Riley reiterated a “buy” rating and set a $44.00 price objective (up from $37.00) on shares of Nvidia Corp. in a research note on Monday, April 4th. MKM Partners reiterated a “buy” rating and set a $39.00 price objective on shares of Nvidia Corp. in a research note on Monday, March 28th. Finally, Raymond James Financial Inc. boosted their price objective on shares of Nvidia Corp. from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, April 6th. 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 company’s stock. Nvidia Corp. has a consensus rating of “Hold” and an average price target of $42.63.

The stock’s 50-day moving average price is $49.09 and its 200 day moving average price is $37.98. The company has a market capitalization of $29.73 billion and a PE ratio of 47.51.

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

In other Nvidia Corp. news, Director A Brooke Seawell sold 5,142 shares of the firm’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 completion of the sale, the director now owns 6,213 shares of the company’s stock, valued at $292,073.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 40,000 shares of the firm’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 sale, the chief executive officer now directly owns 1,817,279 shares of the company’s stock, valued at approximately $96,206,750.26. The disclosure for this sale can be found here.

A number of large investors have recently made changes to their positions in the stock. Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of Nvidia Corp. by 2.6% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 875,111 shares of the computer hardware maker’s stock worth $29,220,000 after buying an additional 22,402 shares during the period. State of Tennessee Treasury Department boosted its stake in shares of Nvidia Corp. by 41.7% in the fourth quarter. State of Tennessee Treasury Department now owns 653,252 shares of the computer hardware maker’s stock worth $21,531,000 after buying an additional 192,209 shares during the period. Aberdeen Asset Management PLC UK boosted its stake in shares of Nvidia Corp. by 2.8% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 637,732 shares of the computer hardware maker’s stock worth $18,111,000 after buying an additional 17,470 shares during the period. Eaton Vance Management boosted its stake in shares of Nvidia Corp. by 5.1% in the fourth quarter. Eaton Vance Management now owns 623,348 shares of the computer hardware maker’s stock worth $20,546,000 after buying an additional 30,148 shares during the period. Finally, KBC Group NV boosted its stake in shares of Nvidia Corp. by 33.2% in the fourth quarter. KBC Group NV now owns 523,163 shares of the computer hardware maker’s stock worth $17,243,000 after buying an additional 130,422 shares during the period.

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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