Nvidia Corp. (NASDAQ:NVDA) shares hit a new 52-week high on Tuesday . The company traded as high as $56.92 and last traded at $56.42, with a volume of 6,278,615 shares changing hands. The stock had previously closed at $55.68.

A number of research firms recently commented on NVDA. Wedbush increased their price objective on 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 increased their price objective on Nvidia Corp. from $26.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, April 6th. KeyCorp reaffirmed a “hold” rating on shares of Nvidia Corp. in a research note on Wednesday, July 6th. Zacks Investment Research lowered Nvidia Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Finally, Vetr lowered Nvidia Corp. from a “sell” rating to a “strong sell” rating and set a $49.47 price objective on the stock. in a research note on Monday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $42.90.

The company has a market cap of $30.35 billion and a price-to-earnings ratio of 48.50. The company’s 50 day moving average is $49.09 and its 200 day moving average is $37.98.

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

In related news, Director A Brooke Seawell sold 5,142 shares of the firm’s stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $47.01, for a total transaction of $241,725.42. Following the sale, the director now owns 6,213 shares of the company’s stock, valued at approximately $292,073.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark L. Perry sold 35,000 shares of the firm’s stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $52.93, for a total value of $1,852,550.00. Following the sale, the director now directly owns 97,292 shares in the company, valued at approximately $5,149,665.56. The disclosure for this sale can be found here.

A number of hedge funds have modified their holdings of the company. KBC Group NV increased 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 valued at $17,243,000 after buying an additional 130,422 shares during the last quarter. State of Tennessee Treasury Department increased 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 valued at $21,531,000 after buying an additional 192,209 shares during the last quarter. Employees Retirement System of Texas increased its stake in shares of Nvidia Corp. by 24.2% in the fourth quarter. Employees Retirement System of Texas now owns 44,700 shares of the computer hardware maker’s stock valued at $1,473,000 after buying an additional 8,700 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Nvidia Corp. by 86.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 132,845 shares of the computer hardware maker’s stock valued at $4,379,000 after buying an additional 61,580 shares during the last quarter. Finally, WBI Investments Inc. acquired a new stake in shares of Nvidia Corp. during the fourth quarter valued at approximately $2,903,000.

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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