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

Several analysts recently weighed in on NVDA shares. Vetr raised Nvidia Corp. from a “sell” rating to a “hold” rating and set a $46.19 price objective for the company in a report on Thursday, June 2nd. Jefferies Group restated a “buy” rating and issued a $45.00 target price on shares of Nvidia Corp. in a research note on Sunday, May 22nd. Barclays PLC restated a “sell” rating on shares of Nvidia Corp. in a research note on Saturday, May 14th. Needham & Company LLC restated a “hold” rating on shares of Nvidia Corp. in a research note on Saturday, May 14th. Finally, B. Riley restated a “buy” rating and issued a $58.00 target price on shares of Nvidia Corp. in a research note on Monday, July 11th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Nvidia Corp. currently has a consensus rating of “Hold” and a consensus target price of $42.90.

The stock’s 50 day moving average price is $49.66 and its 200-day moving average price is $38.31. The stock has a market capitalization of $30.20 billion and a P/E ratio of 48.259.

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

In other Nvidia Corp. news, CAO David M. Shannon sold 271,049 shares of the business’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $42.07, for a total value of $11,403,031.43. Following the completion of the sale, the chief accounting officer now owns 444,329 shares of the company’s stock, valued at approximately $18,692,921.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark L. Perry sold 35,000 shares of the business’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $52.93, for a total transaction of $1,852,550.00. Following the completion of the sale, 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.

Several institutional investors have recently modified their holdings of NVDA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of 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 valued at $1,101,000 after buying an additional 494 shares during the last quarter. Cowen Group Inc. boosted its position in Nvidia Corp. by 10.0% in the fourth quarter. Cowen Group Inc. now owns 33,525 shares of the computer hardware maker’s stock worth $1,105,000 after buying an additional 3,050 shares in the last quarter. Bailard Inc. boosted its position in Nvidia Corp. by 243.0% in the fourth quarter. Bailard Inc. now owns 35,200 shares of the computer hardware maker’s stock worth $1,160,000 after buying an additional 24,937 shares in the last quarter. US Bancorp DE boosted its position in Nvidia Corp. by 2.5% in the fourth quarter. US Bancorp DE now owns 38,194 shares of the computer hardware maker’s stock worth $1,260,000 after buying an additional 947 shares in the last quarter. Finally, Employees Retirement System of Texas boosted its position in 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 worth $1,473,000 after buying an additional 8,700 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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