NVIDIA Corporation (NASDAQ:NVDA) received a $210.00 price target from equities researchers at Bank of America Corporation in a report released on Thursday. The firm presently has a “buy” rating on the computer hardware maker’s stock. Bank of America Corporation’s price objective suggests a potential upside of 7.92% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Susquehanna Bancshares Inc reiterated a “neutral” rating on shares of NVIDIA Corporation in a research report on Monday, July 3rd. B. Riley reiterated a “buy” rating and issued a $200.00 target price (up from $135.00) on shares of NVIDIA Corporation in a research report on Monday, August 7th. BidaskClub downgraded NVIDIA Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $110.00 target price on shares of NVIDIA Corporation in a research report on Friday, August 11th. Finally, MKM Partners reiterated a “neutral” rating and issued a $120.00 target price (up from $106.00) on shares of NVIDIA Corporation in a research report on Monday, August 14th. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $159.23.

Shares of NVIDIA Corporation (NASDAQ NVDA) opened at 194.59 on Thursday. The stock has a 50 day moving average price of $176.15 and a 200-day moving average price of $148.32. NVIDIA Corporation has a 52 week low of $65.52 and a 52 week high of $195.00. The firm has a market capitalization of $116.75 billion, a price-to-earnings ratio of 55.96 and a beta of 1.28.

NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company earned $0.53 EPS. NVIDIA Corporation’s revenue for the quarter was up 56.2% on a year-over-year basis. On average, equities research analysts forecast that NVIDIA Corporation will post $3.64 earnings per share for the current year.

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In other news, Director Mark L. Perry sold 16,281 shares of NVIDIA Corporation stock in a transaction on Monday, August 14th. The stock was sold at an average price of $162.24, for a total value of $2,641,429.44. Following the completion of the transaction, the director now directly owns 48,069 shares in the company, valued at $7,798,714.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Byron sold 409 shares of NVIDIA Corporation stock in a transaction on Friday, September 1st. The shares were sold at an average price of $171.01, for a total value of $69,943.09. Following the completion of the transaction, the insider now owns 136,199 shares of the company’s stock, valued at $23,291,390.99. The disclosure for this sale can be found here. Over the last quarter, insiders sold 452,784 shares of company stock valued at $81,437,724. 5.82% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in NVDA. Clinton Group Inc. grew its position in shares of NVIDIA Corporation by 1,596.9% in the first quarter. Clinton Group Inc. now owns 48,293 shares of the computer hardware maker’s stock valued at $5,261,000 after purchasing an additional 45,447 shares in the last quarter. Pier Capital LLC grew its position in shares of NVIDIA Corporation by 1.8% in the first quarter. Pier Capital LLC now owns 4,631 shares of the computer hardware maker’s stock valued at $504,000 after purchasing an additional 81 shares in the last quarter. Arizona State Retirement System grew its position in shares of NVIDIA Corporation by 9.5% in the first quarter. Arizona State Retirement System now owns 145,816 shares of the computer hardware maker’s stock valued at $15,884,000 after purchasing an additional 12,600 shares in the last quarter. American International Group Inc. grew its position in shares of NVIDIA Corporation by 7.0% in the first quarter. American International Group Inc. now owns 260,136 shares of the computer hardware maker’s stock valued at $28,337,000 after purchasing an additional 17,013 shares in the last quarter. Finally, ProVise Management Group LLC grew its position in shares of NVIDIA Corporation by 5.1% in the first quarter. ProVise Management Group LLC now owns 4,195 shares of the computer hardware maker’s stock valued at $457,000 after purchasing an additional 203 shares in the last quarter. Institutional investors own 65.79% of the company’s stock.

About NVIDIA Corporation

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

Analyst Recommendations for NVIDIA Corporation (NASDAQ:NVDA)

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