NVIDIA Sees Boost in Institutional Investors Following Revenue Surge

NVIDIA Corporation, a leading computer hardware maker, has seen significant changes in its stock ownership. Baker Tilly Wealth Management LLC increased its holdings in NVIDIA by 7.4% during the second quarter, purchasing an additional 4,958 shares.

The company's quarterly revenue was up 105.9% compared to the same quarter last year, with a net margin of 63.66%. Analysts expect that NVIDIA Corporation will post $9.1 EPS for the current fiscal year.

Several research firms have issued reports on NVDA, including JPMorgan Chase & Co., which upped their target price from $280.00 to $320.00 and gave the company an 'overweight' rating.