SunTrust Banks, Inc. reaffirmed their buy rating on shares of NVIDIA Corporation (NASDAQ:NVDA) in a research report report published on Monday morning. The brokerage currently has a $200.00 price target on the computer hardware maker’s stock, up from their previous price target of $181.00.

A number of other research firms have also commented on NVDA. UBS AG reissued a buy rating and issued a $168.00 price target (up previously from $148.00) on shares of NVIDIA Corporation in a research report on Friday, June 9th. B. Riley reaffirmed a buy rating and set a $200.00 price objective on shares of NVIDIA Corporation in a report on Sunday, August 13th. Stifel Nicolaus reaffirmed a hold rating and set a $110.00 price objective on shares of NVIDIA Corporation in a report on Friday, August 11th. Instinet reiterated a reduce rating and issued a $110.00 target price (up from $90.00) on shares of NVIDIA Corporation in a research note on Monday, August 14th. Finally, Vetr lowered shares of NVIDIA Corporation from a strong-buy rating to a hold rating and set a $173.32 target price on the stock. in a research note on Tuesday, August 15th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. NVIDIA Corporation has a consensus rating of Hold and a consensus target price of $153.00.

Shares of NVIDIA Corporation (NVDA) opened at 179.00 on Monday. NVIDIA Corporation has a 1-year low of $63.70 and a 1-year high of $191.20. The stock has a 50 day moving average price of $170.52 and a 200-day moving average price of $143.80. The firm has a market cap of $107.40 billion, a price-to-earnings ratio of 51.48 and a beta of 1.28.

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

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The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were given a $0.14 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.31%. NVIDIA Corporation’s dividend payout ratio is 15.86%.

In other news, Director Mark L. Perry sold 16,281 shares of NVIDIA Corporation stock in a transaction on Monday, August 14th. The shares were sold at an average price of $162.24, for a total transaction of $2,641,429.44. Following the transaction, the director now directly owns 48,069 shares of the company’s stock, valued at $7,798,714.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of NVIDIA Corporation stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $185.65, for a total transaction of $18,565,000.00. Following the transaction, the director now directly owns 30,762 shares in the company, valued at $5,710,965.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 486,940 shares of company stock valued at $84,186,080. Corporate insiders own 5.17% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in NVIDIA Corporation by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after purchasing an additional 2,676,976 shares in the last quarter. Edgewood Management LLC raised its holdings in NVIDIA Corporation by 21.9% during the 1st quarter. Edgewood Management LLC now owns 5,987,970 shares of the computer hardware maker’s stock worth $652,270,000 after buying an additional 1,074,303 shares during the period. Ameriprise Financial Inc. raised its holdings in NVIDIA Corporation by 8.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock worth $827,110,000 after buying an additional 463,306 shares during the period. Janus Capital Management LLC raised its holdings in NVIDIA Corporation by 20.0% during the 1st quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock worth $584,832,000 after buying an additional 895,591 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in NVIDIA Corporation by 19.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after buying an additional 768,200 shares during the period. Institutional investors and hedge funds own 65.79% 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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