Pacific Crest reissued their equal weight rating on shares of Nvidia Corp. (NASDAQ:NVDA) in a report published on Friday.

A number of other research analysts also recently issued reports on the company. Mizuho assumed coverage on Nvidia Corp. in a research note on Thursday, July 14th. They issued a buy rating and a $60.00 price objective on the stock. Wells Fargo & Co. downgraded Nvidia Corp. from a market perform rating to an underperform rating and boosted their price objective for the company from $19.09 to $46.70 in a research note on Friday, July 15th. B. Riley reissued a buy rating and issued a $58.00 price objective on shares of Nvidia Corp. in a research note on Saturday, July 16th. Canaccord Genuity reissued a buy rating and issued a $60.00 price objective on shares of Nvidia Corp. in a research note on Monday, July 18th. Finally, Needham & Company LLC reaffirmed a buy rating on shares of Nvidia Corp. in a research note on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. Nvidia Corp. currently has a consensus rating of Buy and a consensus target price of $71.58.

Shares of Nvidia Corp. (NASDAQ:NVDA) opened at 86.19 on Friday. Nvidia Corp. has a one year low of $24.75 and a one year high of $88.77. The firm has a market capitalization of $46.37 billion, a price-to-earnings ratio of 44.04 and a beta of 1.17. The stock’s 50 day moving average price is $69.77 and its 200 day moving average price is $56.85.

Nvidia Corp. (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 10th. The computer hardware maker reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.37. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.69 billion. Nvidia Corp. had a return on equity of 26.82% and a net margin of 19.52%. Nvidia Corp.’s quarterly revenue was up 53.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. Analysts expect that Nvidia Corp. will post $2.42 EPS for the current fiscal year.

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

In other news, CFO Colette Kress sold 38,039 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $62.18, for a total value of $2,365,265.02. Following the completion of the sale, the chief financial officer now owns 512,374 shares of the company’s stock, valued at approximately $31,859,415.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A Brooke Seawell sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $87.74, for a total transaction of $3,070,900.00. Following the completion of the sale, the director now directly owns 41,213 shares of the company’s stock, valued at approximately $3,616,028.62. The disclosure for this sale can be found here. 5.82% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Nvidia Corp. by 1.3% in the second quarter. Vanguard Group Inc. now owns 47,688,150 shares of the computer hardware maker’s stock valued at $2,241,821,000 after buying an additional 601,606 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Nvidia Corp. by 0.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,986,585 shares of the computer hardware maker’s stock valued at $798,539,000 after buying an additional 152,220 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Nvidia Corp. by 3.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 13,714,909 shares of the computer hardware maker’s stock valued at $939,746,000 after buying an additional 414,290 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Nvidia Corp. by 36.6% in the third quarter. Jennison Associates LLC now owns 12,844,514 shares of the computer hardware maker’s stock valued at $880,106,000 after buying an additional 3,441,948 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its stake in shares of Nvidia Corp. by 3.1% in the second quarter. Baillie Gifford & Co. now owns 5,301,449 shares of the computer hardware maker’s stock valued at $249,221,000 after buying an additional 160,043 shares during the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

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.

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