NVIDIA Corporation (NASDAQ:NVDA)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at ($176.45), but opened at $0.00. NVIDIA Corporation shares last traded at $0.00, with a volume of 27768916 shares changing hands.

NVDA has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $171.00 price objective (up from $165.00) on shares of NVIDIA Corporation in a report on Wednesday, June 14th. UBS AG reaffirmed a “buy” rating and set a $168.00 price objective (up from $148.00) on shares of NVIDIA Corporation in a report on Friday, June 9th. Bank of America Corporation reissued a “buy” rating and issued a $185.00 price target (up from $155.00) on shares of NVIDIA Corporation in a research note on Friday, June 9th. Argus raised their price target on shares of NVIDIA Corporation from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, June 9th. Finally, Citigroup Inc. raised their price target on shares of NVIDIA Corporation from $145.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, June 8th. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $151.57.

The firm has a 50 day moving average of $167.68 and a 200 day moving average of $138.76. The company has a market capitalization of $104.79 billion, a price-to-earnings ratio of 50.23 and a beta of 1.25.

NVIDIA Corporation (NASDAQ:NVDA) last released its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.32. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The business’s revenue was up 56.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. Analysts expect that NVIDIA Corporation will post $3.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Thursday, August 24th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio (DPR) is currently 15.86%.

In other news, Director Tench Coxe sold 50,000 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $189.62, for a total transaction of $9,481,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of the stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $150.29, for a total value of $15,029,000.00. Following the transaction, the director now owns 30,762 shares of the company’s stock, valued at $4,623,220.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 486,940 shares of company stock valued at $84,186,080. Company insiders own 5.82% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Evercore Wealth Management LLC lifted its stake in NVIDIA Corporation by 36.9% during the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after purchasing an additional 206 shares during the last quarter. TB Alternative Assets Ltd. bought a new position in NVIDIA Corporation during the second quarter worth $116,000. Proficio Capital Partners LLC lifted its stake in NVIDIA Corporation by 186.1% during the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after purchasing an additional 547 shares during the last quarter. Thompson Davis & CO. Inc. lifted its stake in NVIDIA Corporation by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after purchasing an additional 6 shares during the last quarter. Finally, Hanson McClain Inc. lifted its stake in NVIDIA Corporation by 12.7% during the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after purchasing an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 65.79% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “NVIDIA Corporation (NVDA) Shares Gap Up to $0.00” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/09/28/nvidia-corporation-nvda-shares-gap-up-to-0-00.html.

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.

Receive News & Stock Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related stocks with our FREE daily email newsletter.