Nvidia Corp. (NASDAQ:NVDA) shares reached a new 52-week high during trading on Monday . The stock 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.

Several research analysts have recently commented on NVDA shares. MKM Partners reiterated a “buy” rating on shares of Nvidia Corp. in a report on Wednesday, April 6th. Canaccord Genuity reiterated a “buy” rating and set a $41.00 price target (up previously from $36.00) on shares of Nvidia Corp. in a report on Wednesday, April 6th. Raymond James Financial Inc. lifted their price target on Nvidia Corp. from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, April 6th. B. Riley reiterated a “buy” rating and set a $44.00 price target on shares of Nvidia Corp. in a report on Saturday, April 9th. Finally, Argus restated a “buy” rating on shares of Nvidia Corp. in a report on Saturday, April 9th. Three 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’s stock. Nvidia Corp. has a consensus rating of “Hold” and a consensus target price of $42.94.

The firm has a market cap of $29.93 billion and a PE ratio of 47.82. The firm has a 50-day moving average price of $50.79 and a 200 day moving average price of $39.18.

Nvidia Corp. (NASDAQ:NVDA) last issued 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 firm earned $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business posted $0.33 EPS. Nvidia Corp.’s revenue was up 13.5% compared to the same quarter last year. On average, equities research analysts expect that Nvidia Corp. will post $1.57 EPS for the current fiscal year.

In other news, CAO David M. Shannon sold 271,049 shares of Nvidia Corp. stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $42.07, for a total value of $11,403,031.43. Following the completion of the transaction, the chief accounting officer now owns 444,329 shares in the company, valued at approximately $18,692,921.03. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $1,443,200.00. Following the completion of the transaction, the chief executive officer now owns 1,817,279 shares of the company’s stock, valued at approximately $65,567,426.32. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently modified their holdings of NVDA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised 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. Bailard Inc. raised its position in shares of Nvidia Corp. by 243.0% in the fourth quarter. Bailard Inc. now owns 35,200 shares of the computer hardware maker’s stock valued at $1,160,000 after buying an additional 24,937 shares during the last quarter. US Bancorp DE raised its position in shares of Nvidia Corp. by 2.5% in the fourth quarter. US Bancorp DE now owns 38,194 shares of the computer hardware maker’s stock valued at $1,260,000 after buying an additional 947 shares during the last quarter. Employees Retirement System of Texas raised its position 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. Finally, Advantus Capital Management Inc raised its position in shares of Nvidia Corp. by 3.6% in the fourth quarter. Advantus Capital Management Inc now owns 49,653 shares of the computer hardware maker’s stock valued at $1,637,000 after buying an additional 1,736 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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