Nvidia Corp. (NASDAQ:NVDA)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $57.55 and last traded at $56.60, with a volume of 4,015,964 shares. The stock had previously closed at $57.10.

A number of equities analysts have issued reports on the stock. Argus reaffirmed a “buy” rating on shares of Nvidia Corp. in a report on Saturday, April 9th. B. Riley reissued a “buy” rating and issued a $58.00 price target on shares of Nvidia Corp. in a report on Monday, July 11th. Morgan Stanley reissued a “hold” rating on shares of Nvidia Corp. in a report on Saturday, May 14th. Pacific Crest reissued a “hold” rating on shares of Nvidia Corp. in a report on Saturday, May 14th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Nvidia Corp. in a report on Saturday, May 14th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eighteen have issued a buy rating to the company. Nvidia Corp. has an average rating of “Hold” and a consensus price target of $42.94.

The company has a 50 day moving average price of $50.22 and a 200 day moving average price of $38.63. The firm has a market capitalization of $30.24 billion and a P/E ratio of 48.31.

Nvidia Corp. (NASDAQ:NVDA) last issued its earnings results on Thursday, May 12th. The computer hardware maker reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.14. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the business posted $0.33 EPS. On average, equities research analysts expect that Nvidia Corp. will post $1.57 EPS for the current fiscal year.

In related news, CEO Jen Hsun Huang sold 40,000 shares of Nvidia Corp. stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $36.08, for a total transaction of $1,443,200.00. Following the sale, the chief executive officer now owns 1,817,279 shares of the company’s stock, valued at approximately $65,567,426.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO David M. Shannon sold 271,049 shares of Nvidia Corp. stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 444,329 shares in the company, valued at approximately $18,692,921.03. The disclosure for this sale can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. State of Tennessee Treasury Department increased its stake in 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 last quarter. Aberdeen Asset Management PLC UK increased its stake in 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 last quarter. Eaton Vance Management increased its stake in 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 last quarter. KBC Group NV increased its stake in 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 last quarter. Finally, Marshall Wace LLP increased its stake in Nvidia Corp. by 260.7% in the fourth quarter. Marshall Wace LLP now owns 207,945 shares of the computer hardware maker’s stock worth $6,853,000 after buying an additional 150,296 shares during 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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