Nvidia Trades Higher On Massive Earnings

Expectations Mount For Nvidia Analyst Raises Target To $190 Ahead Of Earnings

Fuller And Thaler Asset Management holds 0.06% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 33,600 shares. On Monday, August 15 the stock rating was maintained by Argus Research with "Buy". In the past 52 weeks the company's stock price has moved within the range of $66.76 to $212.90.

Nvidia is at an inflection point as data center customers switch to graphics processing units from central processing units, Rosenblatt Securities analyst Hans Mosesmann said in a report. The rating was maintained by Mizuho with "Buy" on Friday, February 10. SunTrust Banks, Inc. upped their price target on shares of NVIDIA Corporation to $253.00 and gave the company a "buy" rating in a research note on Friday. Based on 28 analysts polled by TipRanks in the last 3 months, 16 rate a Buy on Nvidia stock, 10 maintain a Hold, while 2 issue a Sell on the stock. NVIDIA Corporation now has an average rating of "Hold" and a consensus price target of $179.43. Stifel Nicolaus maintained American Airlines Group Inc (NASDAQ:AAL) rating on Thursday, May 25. Their 50-Day Simple Moving Average is a difference of 14.54% from current levels. State Of Alaska Department Of Revenue holds 0.01% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 1,104 shares.

NVIDIA Corporation (NASDAQ:NVDA) posted solid quarterly results yesterday after the closing bell, and buried within the report was much weaker demand from cryptocurrency miners.

In terms of management's outlook for the fourth quarter, revenue is anticipated to be $2.65 billion, give or take 2%, with a gross margin of 60.0% and operating expenses of $600 million. Nvidia Corp. The business's quarterly revenue was up 53.6% on a year-over-year basis. Wall Street was modeling earnings per share of 97 cents, down 2%, on sales of $2.43 billion, up 12%.

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For the third quarter, Nvidia yielded an 18.2% quarter-over-quarter surge of $2.64 billion in revenue, surpassing Street-wide expectations looking for $2.37 billion.

COPYRIGHT: "Nvidia Corp. (NVDA) Coverage Initiated by Analysts at Loop Capital" was originally published by Us and is the propert of of Us. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of USA and worldwide copyright & trademark law. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/11/10/nvidia-corporation-nvda-holdings-trimmed-by-wespac-advisors-socal-llc.html. 4 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. The company announced a 7 percent increase in its quarterly cash dividend to $0.15 per share from $0.14 per share. The ex-dividend date is Friday, November 17th. NVIDIA Corporation's dividend payout ratio (DPR) is presently 16.05%. According to their observations and findings, the stock could provide a high EPS of $1/share and a low EPS of $0.91/share. The firm has a market capitalization of $631.46, a PE ratio of 26.02 and a beta of 1.41. 63,717 shares were sold by Shoquist Debora, worth $9.23 million. Its down 10% from 1.43M shares previously. Following the sale, the director now directly owns 6,213 shares in the company, valued at $388,436.76. The disclosure for this sale can be found here. Institutional investors own 88.79% of the company's stock. 65 funds opened positions while 154 raised stakes.

Essex Financial Services Inc decreased Colgate Palmolive Co (NYSE:CL) stake by 11,162 shares to 10,353 valued at $767,000 in 2017Q2. 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. Massachusetts Financial Services Co. Alpha Cubed Investments LLC's holdings in NVIDIA Corporation were worth $866,000 as of its most recent SEC filing.

Nvidia's gaming revenue increased 25.5 percent to $1.56 billion, accounting for almost 60 percent of total revenue. The institutional investor held 260,000 shares of the semiconductors company at the end of 2017Q2, valued at $37.59 million, up from 20,068 at the end of the previous reported quarter. Meiji Yasuda Life Insurance Co increased its stake in NVIDIA Corporation by 9.9% during the 2nd quarter.

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