Shares of Nvidia Corp. (NASDAQ:NVDA) traded up 3.1% during mid-day trading on Monday after Vetr upgraded the stock from a strong sell rating to a sell rating. Vetr now has a $80.58 price target on the stock. Nvidia Corp. traded as high as $88.77 and last traded at $85.26, with a volume of 26,755,072 shares traded. The stock had previously closed at $87.97.

A number of other equities analysts have also weighed in on the company. Needham & Company LLC raised Nvidia Corp. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $87.97 to $100.00 in a research note on Monday. Brean Capital reissued a “hold” rating on shares of Nvidia Corp. in a research note on Sunday. Wells Fargo & Co. reissued an “underperform” rating and set a $59.00 price objective (up previously from $33.00) on shares of Nvidia Corp. in a research note on Sunday. Stifel Nicolaus reissued a “hold” rating and set a $76.00 price objective (up previously from $64.00) on shares of Nvidia Corp. in a research note on Sunday. Finally, Raymond James Financial Inc. reissued a “strong-buy” rating and set a $90.00 price objective (up previously from $75.00) on shares of Nvidia Corp. in a research note on Friday, November 11th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $71.58.

In related news, Director A Brooke Seawell sold 30,000 shares of Nvidia Corp. stock in a transaction on Friday, September 16th. The stock was sold at an average price of $62.52, for a total value of $1,875,600.00. Following the transaction, the director now owns 6,213 shares in the company, valued at $388,436.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tench Coxe sold 85,551 shares of Nvidia Corp. stock in a transaction on Friday, September 30th. The shares were sold at an average price of $68.75, for a total value of $5,881,631.25. The disclosure for this sale can be found here. Insiders own 5.82% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of NVDA. West Oak Capital LLC boosted its position in shares of Nvidia Corp. by 183.6% in the third quarter. West Oak Capital LLC now owns 1,560 shares of the computer hardware maker’s stock worth $107,000 after buying an additional 1,010 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Nvidia Corp. by 52.2% in the third quarter. Cornerstone Advisors Inc. now owns 1,784 shares of the computer hardware maker’s stock worth $122,000 after buying an additional 612 shares during the last quarter. Stephens Inc. AR boosted its position in shares of Nvidia Corp. by 10.2% in the third quarter. Stephens Inc. AR now owns 1,926 shares of the computer hardware maker’s stock worth $132,000 after buying an additional 179 shares during the last quarter. Advisors Preferred LLC boosted its position in shares of Nvidia Corp. by 791.9% in the third quarter. Advisors Preferred LLC now owns 2,310 shares of the computer hardware maker’s stock worth $158,000 after buying an additional 2,051 shares during the last quarter. Finally, Brick & Kyle Associates boosted its position in shares of Nvidia Corp. by 25.1% in the second quarter. Brick & Kyle Associates now owns 2,502 shares of the computer hardware maker’s stock worth $118,000 after buying an additional 502 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

The stock has a market cap of $46.37 billion, a PE ratio of 44.04 and a beta of 1.17. The firm’s 50-day moving average price is $69.77 and its 200 day moving average price is $56.85.

Nvidia Corp. (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, November 10th. The computer hardware maker reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.37. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Nvidia Corp. had a return on equity of 26.82% and a net margin of 19.52%. The firm’s revenue was up 53.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. On average, equities analysts forecast that Nvidia Corp. will post $2.42 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Monday, November 28th will be issued a $0.14 dividend. The ex-dividend date is Wednesday, November 23rd. This represents a $0.56 annualized dividend and a dividend yield of 0.65%. This is a boost from Nvidia Corp.’s previous quarterly dividend of $0.12. Nvidia Corp.’s dividend payout ratio is currently 24.08%.

About Nvidia Corp.

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.

5 Day Chart for NASDAQ:NVDA

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