Wednesday, 23 May, 2018

Nvidia reports strong Q1 results, revenue up 66 percent

Nvidia Blows Out Q1 Estimates Raises Q2 Sales Guidance Deere & Company (DE) is better stock pick than NVIDIA Corporation (NVDA)
| 13 May, 2018, 01:10

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. About 29.35 million shares traded or 92.62% up from the average. San Francisco Sentry Inv Gp (Ca) has 7,010 shares. 1,155 were accumulated by Private Wealth Advisors.

Institutional Ownership/ Insider Ownership: GoPro, Inc. institutional ownership is held at 35.5% while insider ownership was 0.4%.

The company now has an insider ownership of 0.5 Percent and Institutional ownership of 68.8 Percent. Valley National Advisers owns 126 shares. Blair William Co Il reported 141,931 shares stake. Finally, Argus lifted their price objective on Nvidia from $250.00 to $280.00 and gave the company a buy rating in a research report on Thursday, March 22nd. The short ratio in the company's stock is documented at 0.97 and the short float is around of 2.49%. 363.65 million shares or 6.07% less from 387.15 million shares in 2017Q3 were reported.

Starbucks Corporation (SBUX) shares Jumped 1.07% and ended the day at $57.65.

Shares of NASDAQ:NVDA opened at $254.31 on Friday. Navellier & Associate owns 63,101 shares.

Since December 13, 2017, it had 0 insider buys, and 7 insider sales for $22.84 million activity. Shares for $31,732 were sold by Kress Colette.

In other Nvidia news, Director Mark L. Perry sold 17,307 shares of the stock in a transaction dated Monday, February 12th. Another trade for 103 shares valued at $23,496 was made by Byron Michael on Friday, March 2. New York State Teachers Retirement Sys has invested 0.43% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA).


Fmr Llc decreased its stake in Nvidia Corp (NVDA) by 6.22% based on its latest 2017Q4 regulatory filing with the SEC. Zevenbergen Capital Investments Llc sold 3,455 shares as Nvidia Corporation (NVDA)'s stock rose 15.49%.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 25.71%, and has a solid year to date (YTD) performance of 34.43% which means that the stock is constantly adding to its value from the previous fiscal year end price. Nvidia has a 1-year low of $257.21 and a 1-year high of $259.90. About 338,264 shares traded. NVIDIA Corporation (NVDA) has risen 108.33% since May 11, 2017 and is uptrending. It has outperformed by 96.78% the S&P500. UBS's target price per share indicates a possible upside of 4.51 % from the last stock price of the company.

Demand from cryptocurrency miners was stronger-than-expected in the first quarter and translated into revenue of $289 million, Nvidia said Thursday on its earnings conference call. Nvidia Corporation had 200 analyst reports since August 3, 2015 according to SRatingsIntel.

This was the king of the chip stocks in 2017, and while analysts kept hiking their price targets at a fast rate, that was not fast enough to keep up with its big gains a year ago. Therefore 82% are positive. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general objective computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units. Finally, Zacks Investment Research raised Nvidia from a "hold" rating to a "buy" rating and set a $262.00 target price for the company in a report on Wednesday, January 24th.

In total 18 analysts cover NVIDIA (NASDAQ:NVDA). Canaccord Genuity maintained the shares of NVDA in report on Friday, November 17 with "Buy" rating. The stock of Shire plc (NASDAQ:SHPG) earned "Buy" rating by RBC Capital Markets on Wednesday, June 7. The rating was maintained by B. Riley & Co with "Buy" on Friday, February 9.

Deutsche Bank has a Hold rating with a $240 price target. Roth Capital upgraded NVIDIA Corporation (NASDAQ:NVDA) on Friday, May 13 to "Buy" rating. Citigroup has "Buy" rating and $270 target.

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