NVIDIA Co. (NASDAQ:NVDA) was upgraded by Vetr from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday. The firm presently has a $40.86 price target on the computer hardware maker’s stock. Vetr‘s price target indicates a potential downside of 10.49% from the company’s current price.

A number of institutional investors recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in NVIDIA by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 45,325,807 shares of the computer hardware maker’s stock worth $1,493,938,000 after buying an additional 1,698,336 shares during the period. Primecap Management Co. CA raised its position in NVIDIA by 0.5% in the first quarter. Primecap Management Co. CA now owns 29,210,850 shares of the computer hardware maker’s stock worth $1,040,783,000 after buying an additional 143,175 shares during the period. FIL Ltd raised its position in NVIDIA by 15.9% in the fourth quarter. FIL Ltd now owns 7,239,939 shares of the computer hardware maker’s stock worth $238,628,000 after buying an additional 995,800 shares during the period. Norges Bank bought a new position in NVIDIA during the fourth quarter worth $169,615,000. Finally, Winton Capital Group Ltd raised its position in NVIDIA by 11.0% in the fourth quarter. Winton Capital Group Ltd now owns 3,733,398 shares of the computer hardware maker’s stock worth $123,053,000 after buying an additional 370,776 shares during the period.

NVIDIA (NASDAQ:NVDA) traded up 1.06% on Thursday, reaching $45.65. 7,749,081 shares of the company were exchanged. NVIDIA has a 12-month low of $19.09 and a 12-month high of $45.98. The company’s 50-day moving average price is $38.19 and its 200-day moving average price is $33.10. The stock has a market capitalization of $24.51 billion and a P/E ratio of 38.95.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, May 12th. The computer hardware maker reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.14. During the same quarter in the previous year, the business earned $0.33 EPS. The business earned $1.31 billion during the quarter, compared to analysts’ expectations of $1.26 billion. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. Equities research analysts anticipate that NVIDIA will post $1.56 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 20th. Stockholders of record on Thursday, May 26th will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Tuesday, May 24th.

In other NVIDIA news, EVP Ajay K. Puri sold 94,842 shares of the business’s stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $32.90, for a total transaction of $3,120,301.80. Following the transaction, the executive vice president now owns 498,566 shares of the company’s stock, valued at $16,402,821.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Byron sold 19,347 shares of the business’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $43.38, for a total value of $839,272.86. Following the transaction, the insider now directly owns 155,022 shares in the company, valued at approximately $6,724,854.36. The disclosure for this sale can be found here.

Other analysts have also issued research reports about the company. B. Riley reiterated a “buy” rating and issued a $37.00 target price (up previously from $36.00) on shares of NVIDIA in a research note on Thursday, February 18th. Jefferies Group reissued a “buy” rating and set a $40.00 price target (up previously from $38.00) on shares of NVIDIA in a research report on Wednesday, February 17th. Canaccord Genuity increased their price target on NVIDIA from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 18th. Raymond James reissued a “buy” rating on shares of NVIDIA in a research report on Thursday, February 18th. Finally, MKM Partners reissued a “buy” rating on shares of NVIDIA in a research report on Saturday, February 20th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the stock. NVIDIA presently has an average rating of “Hold” and a consensus price target of $36.36.

NVIDIA Corporation (NVIDIA) is engaged in visual computing, enabling individuals to interact with digital ideas, data and entertainment. The Company is engaged in creating NVIDIA-branded products and services, offering its processors to original equipment manufacturers (OEMs), and licensing its intellectual property.

To view Vetr’s full report, visit Vetr’s official website.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.