NVIDIA Corporation (NASDAQ:NVDA)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group LLC in a research report issued to clients and investors on Thursday. They presently have a $180.00 price objective on the computer hardware maker’s stock. Jefferies Group LLC’s target price indicates a potential upside of 4.58% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. Vetr raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $174.03 price target on the stock in a research note on Monday, June 12th. Zacks Investment Research raised NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price target on the stock in a research note on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $130.00 price target on shares of NVIDIA Corporation in a research note on Friday, April 14th. Canaccord Genuity reaffirmed a “buy” rating on shares of NVIDIA Corporation in a research note on Saturday, June 3rd. Finally, Mizuho reaffirmed a “buy” rating and set a $170.00 price target (up from $145.00) on shares of NVIDIA Corporation in a research note on Wednesday, June 28th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. NVIDIA Corporation presently has an average rating of “Hold” and an average target price of $136.64.

NVIDIA Corporation (NVDA) opened at 172.11 on Thursday. The firm’s 50-day moving average price is $159.41 and its 200-day moving average price is $126.75. The company has a market cap of $102.41 billion, a PE ratio of 57.77 and a beta of 1.24. NVIDIA Corporation has a one year low of $57.32 and a one year high of $174.56.

NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.16. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 48.7% on a year-over-year basis. On average, equities research analysts forecast that NVIDIA Corporation will post $3.10 earnings per share for the current fiscal year.

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In related news, Director Persis Drell sold 2,500 shares of NVIDIA Corporation stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $130.02, for a total transaction of $325,050.00. Following the completion of the sale, the director now owns 24,652 shares of the company’s stock, valued at $3,205,253.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Harvey C. Jones sold 145,520 shares of NVIDIA Corporation stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $159.31, for a total value of $23,182,791.20. Following the sale, the director now directly owns 30,762 shares of the company’s stock, valued at approximately $4,900,694.22. The disclosure for this sale can be found here. Insiders have sold 572,282 shares of company stock valued at $86,830,082 in the last three months. 5.82% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in NVDA. Wellington Management Group LLP increased its stake in NVIDIA Corporation by 499.0% in the first quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock worth $447,156,000 after buying an additional 3,419,701 shares during the last quarter. Vanguard Group Inc. increased its stake in NVIDIA Corporation by 7.4% in the first quarter. Vanguard Group Inc. now owns 37,580,211 shares of the computer hardware maker’s stock worth $4,093,612,000 after buying an additional 2,597,209 shares during the last quarter. Ameriprise Financial Inc. increased its stake in NVIDIA Corporation by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock worth $572,695,000 after buying an additional 1,672,231 shares during the last quarter. Winslow Capital Management LLC purchased a new stake in NVIDIA Corporation during the first quarter worth $126,231,000. Finally, WINTON GROUP Ltd increased its stake in NVIDIA Corporation by 290.5% in the first quarter. WINTON GROUP Ltd now owns 1,552,770 shares of the computer hardware maker’s stock worth $106,396,000 after buying an additional 1,155,115 shares during the last quarter. Institutional investors and hedge funds own 68.91% 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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