Economy

Jefferies Group LLC Reaffirms Buy Rating for NVIDIA Corporation (NASDAQ:NVDA)

Jefferies Group LLC Reaffirms Buy Rating for NVIDIA Corporation (NASDAQ:NVDA)”

The stock of NVIDIA Corporation (NASDAQ:NVDA) earned "Buy" rating by Mizuho on Friday, July 15. Citigroup Inc. set a $145.00 price target on shares of NVIDIA Corporation and gave the company a "buy" rating in a report on Saturday, March 11th. Vetr cut shares of NVIDIA Corporation from a strong-buy rating to a buy rating and set a $117.10 price objective for the company.in a research report on Monday, March 20th. Royal Bank Of Canada reiterated an "outperform" rating and set a $175.00 target price on shares of NVIDIA Corporation in a research note on Thursday, June 22nd. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. The company now has an average rating of "Hold" and a consensus price target of $123.99. HUANG JEN HSUN also sold $4.77 million worth of NVIDIA Corporation (NASDAQ:NVDA) on Friday, February 10. About 17.02 million shares traded.

The share of NVIDIA Corporation (NVDA) now has a value of $139.28 while the company's 52 week low is at $46.03, the shares dropped to the 52 week low on 07/05/16. The company has a market capitalization of $85.11 billion, a P/E ratio of 48.02 and a beta of 1.23. The company has a 50-day moving average of $145.38 and a 200-day moving average of $115.28.

NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 EPS for the quarter, topping the Zacks' consensus estimate of $0.66 by $0.16. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. MU quarterly performance is 1.75% while firm's price to sale ratio is 2.31 and price to book ratio is 1.99.

General Electric Company (GE) have shown a high EPS growth of -4.10% in the last 5 years and has earnings rose of 630.10% yoy. The business's revenue for the quarter was up 48.7% compared to the same quarter past year. On average, equities analysts forecast that NVIDIA Corporation will post $3.09 EPS for the current fiscal year. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned "Neutral" rating by Suntrust Robinson on Tuesday, September 20. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & worldwide trademark & copyright law.

As of late the company also announced a periodic dividend, to be paid on early Wed, Jun 14th. Stockholders of record on Tuesday, May 23rd were given a $0.14 dividend. The ex-dividend date was Friday, May 19th. NVIDIA Corporation's dividend payout ratio is now 18.60%. The stock was sold at an average price of $129.48, for a total value of $6,474,000.00. Allen Inv Mgmt Limited Liability Company owns 5,124 shares. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The stock's average target of $65.33 is 51.40% above today's ($43.15) share price.

Although the companies did not disclose financial details, Nvidia stock jumped almost 4 percent within hours of the announcement of the deal, which expands the Nividia's entre to the vast potential of the Chinese market. The disclosure for this sale can be found here. Insiders have sold 522,282 shares of company stock valued at $78,275,082 in the last three months.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Grassi Investment Management boosted its stake in NVIDIA Corporation by 2.2% in the second quarter. Goldman Sachs Group, (The) restated a "buy" recommendation and fixed a $130.00 target price on the stock of NVIDIA Corporation in a study report published on Fri, Apr 14th. Coconut Grove Bank raised its stake in shares of NVIDIA Corporation by 683.9% in the first quarter. Nomura Asset Management Co. Norges Bank acquired a new position in NVIDIA Corporation during the fourth quarter valued at approximately $526,137,000. Savant Capital LLC boosted its position in shares of NVIDIA Corporation by 2.7% in the first quarter.

Now the shares of NVIDIA Corporation (NVDA) has the trading volume of 17.73 Million shares with the average trading volume of 26020 shares. Finally, Rational Advisors LLC boosted its position in shares of NVIDIA Corporation by 2.0% in the first quarter. Drell Persis sold $325,048 worth of stock or 2,500 shares. The institutional investor held 81,991 shares of the semiconductors company at the end of 2016Q4, valued at $8.75M, down from 112,181 at the end of the previous reported quarter.

About NVIDIA NVIDIA's (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics and revolutionized parallel computing.

The availability of the Volta GPU architecture within the PaddlePaddle deep learning framework is aimed at supporting researchers and companies, along with Baidu, develop AI applications for search rankings, image classification services, real-time speech understanding, visual character recognition and other AI-powered services.



Like this

Latest


06 July 2017
Daniil Medvedev Tosses Change at Umpire's Chair at Wimbledon
Medvedev said he can not remember asking for Alves to be removed and is prepared to take any punishment that comes his way. Asked if he was expecting a punishment, he added: "That's not for me to decide also". "I haven't seen the umpire yet".

06 July 2017
Deutsche Bank AG Reaffirms "Buy" Rating for Newmont Mining Corporation (NEM)
They now have a $42.00 price objective on the basic materials company's stock, down from their previous price objective of $44.00. TRADEMARK VIOLATION WARNING: This news story was originally posted by Sports Perspectives and is owned by of Sports Perspectives.

06 July 2017
Puppy abandoned at Las Vegas airport highlights domestic violence
A three-month-old Chihuahua who was abandoned in an airport bathroom by its abused owner has been given a second chance at life. While the note the Chihuahua was left with mentions a possible injury, Chewy appears to be healthy and happy.

06 July 2017
Watch SpaceX Launch A Satellite Into Orbit
The rocket is carrying an Intelsat 35e communications satellite for parts of the Caribbean, Europe and Africa. The Falcon 9 rocket was to carry Instelsat SA, a commercial communication satellite into space.

06 July 2017
Xbox One X Benchmarks Show Just How Well It'll Run Games
Gears of War 4 , which is a surprisingly intensive title, only uses 78% of the console's power at 4K 30 FPS. From what we understand, this isn't possible with games or engines developed using old kits.

06 July 2017
Government Services Shut Down in New Jersey and Maine
Democratic House Speaker Sara Gideon characterized that proposal as more like a "list of demands", and it has not gone forward. The House passed the budget with 92 votes on Monday, but must pass it with at least 101 votes later Monday afternoon.

06 July 2017
Shell recalls cardboard cutouts of female employee after groping pics emerge
They were placed next to petrol pumps in more than 950 Shell stations in the Southeast Asian country. More than 60 percent of Malaysia's population of over 30 million people is Muslim.

06 July 2017
Naholo dropped for British and Irish Lions decider
Hansen paid tribute to his skipper and set the scene for a classic encounter, saying: 'It is going to be a cracker. Israel Dagg reverts back to right wing in the absence of Waisake Naholo, who didn't train fully during the week.

06 July 2017
Snorting Chocolate Is an Actual Thing. But Is it Safe?
Mixed in with cacao powder is gingko bilboa, taurine and guarana , which are also on the ingredient list for Red Bull and Monster. On Amazon.com , tins of Coco Loko are available starting July 10 and a 1.25 ounce container (about 10 snorts) goes for about $25.

06 July 2017
Bristol-Myers Squibb Company (BMY) closed its previous trading session at $56.27
William Blair reissued an "outperform" rating on shares of Bristol-Myers Squibb Company in a research report on Monday, June 26th. Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm's total outstanding shares.