Does The Data Supplment NVIDIA Corporation (NASDAQ:NVDA) Movement?

Javier Stokes
November 12, 2017

Another trade for 2,500 shares valued at $325,048 was sold by Drell Persis. Inc. raised its stake in shares of NVIDIA Corporation by 0.7% during the second quarter. Edgewood Management Ltd Liability reported 3.5% in NVIDIA Corporation (NASDAQ:NVDA). The fund owned 71,878 shares of the computer hardware maker's stock after acquiring an additional 950 shares during the quarter. Ameriprise Financial Inc. increased its stake in NVIDIA Corporation by 8.8% during the second quarter. Inc. now owns 822 shares of the computer hardware maker's stock worth $119,000 after purchasing an additional 6 shares during the period.

Bp Plc increased Nvidia Corp (NVDA) stake by 177.08% reported in 2017Q2 SEC filing. Van Hulzen Asset Management Llc acquired 40,000 shares as Bank Of America (BAC)'s stock declined 6.00%. It improved, as 73 investors sold NVDA shares while 262 reduced holdings. Jefferies Group reiterated a "buy" rating and set a $80.00 target price on shares of Nvidia a research report on Monday, October 24th. Mitsubishi Ufj Trust And Bk owns 1.87M shares for 0.52% of their portfolio. The brokerage now has a $240.00 price objective on the computer hardware maker's stock. Following the transaction, the insider now owns 136,199 shares in the company, valued at $23,291,390.99. The stock was sold at an average price of $171.01, for a total value of $69,943.09. Institutional investors and hedge funds own 84.11% of the company's stock. The disclosure for this sale can be found here. Puri Ajay K had sold 81,931 shares worth $11.46M.

A number of analysts recently weighed in on the stock.

Candriam Luxembourg S.C.A. raised its position in NVIDIA Corporation (NASDAQ:NVDA) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. According to today's trading volume NVIDIA Corporation is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

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NVIDIA Corporation (NASDAQ:NVDA) received a Buy rating from 7 analysts. Loop Capital initiated the shares of NVDA in report on Tuesday, December 13 with "Buy" rating. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Canaccord Genuity has "Buy" rating and $125 target. Byron Michael sold $3.50M worth of NVIDIA Corporation (NASDAQ:NVDA) on Friday, May 19. About 24.73M shares traded or 90.67% up from the average. For the most recent quarter, quick ratio was 7, current ratio was 7.8, LT Debt/Equity ratio was 0.33 and Total Debt/Equity ratio stands at 0.35, while Payout ratio is 0.133. NVIDIA Corporation has a 1 year low of $78.50 and a 1 year high of $218.67. RBC Capital Markets maintained the shares of NVDA in report on Tuesday, May 30 with "Buy" rating.

NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating the consensus estimate of $0.94 by $0.39.

Nvidia expects a slightly higher revenue for the fourth quarter of $2.65 billion, plus or minus 2 percent. NVIDIA Corporation had a return on equity of 43.42% and a net margin of 28.78%. The firm's revenue was up 31.5% compared to the same quarter past year. Piedmont Investment Advisors Limited Liability Com owns 128,332 shares or 0.41% of their U.S. portfolio. This represents a $0.60 annualized dividend and a yield of 0.28%. The ex-dividend date is Wednesday, November 22nd. Family Firm Inc. grew its stake in NVIDIA Corporation by 0.7% in the second quarter. Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is 2.06% and standing 10.27% away from 50-Day Simple Moving Average while traded up 42.10% from 200-Day Simple Moving Average. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and global trademark and copyright laws.

Companies such as Nvidia, Intel, and AMD were expected to post a rise in their sales during the past couple of quarters as the cryptocurrency market, gaming world, and even artificial intelligence developers sent prices of GPU prices up giving a bright outlook for the said companies. The gaming segment accounted for more than half of company's third quarter revenue. 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.

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