Economy

Buys Shares of 899 Nvidia (NVDA)

Buys Shares of 899 Nvidia (NVDA)”

On a per-share basis, the Santa Clara, California-based company said it had profit of $1.98.

The stock has a market cap of $154.75B and the number of outstanding shares has been calculated 605.00M.

Investors must have been hoping for a boost to Nvidia's $0.60 annual dividend. SB Investment Advisers UK Ltd. bought a new position in Nvidia during the 4th quarter valued at approximately $5,200,218,000. The fund owned 1,956 shares of the computer hardware maker's stock after acquiring an additional 601 shares during the quarter. Grassi Investment Management raised its position in shares of Nvidia by 1.4% during the fourth quarter. Sowell Financial Services LLC now owns 7,513 shares of the computer hardware maker's stock worth $1,700,000 after buying an additional 722 shares during the last quarter. The institutional investor held 74,032 shares of the semiconductors company at the end of 2017Q4, valued at $14.33M, down from 128,812 at the end of the previous reported quarter. Country Trust Bank now owns 590 shares of the computer hardware maker's stock worth $114,000 after acquiring an additional 490 shares during the last quarter. Clearbridge Ltd Company invested in 600 shares. reported 0.03% stake.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: 247Wallst.com which released: "If Nvidia Blows Out Earnings This Week, Chip Stocks Could Explode" on May 09, 2018, also Seekingalpha.com with their article: "Nvidia: Setting Expectations Straight" published on April 26, 2018, Seekingalpha.com published: "Barclays upgrades Nvidia to 23% upside" on May 03, 2018. FBR Capital maintained the shares of NVDA in report on Monday, March 19 with "Buy" rating. Deutsche Bank lifted their target price on Nvidia from $230.00 to $240.00 and gave the stock a "hold" rating in a report on Tuesday. Rating Scale; where 1.0 rating mean Strong Buy, 2.0 rating signifies Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. RBC Capital Markets maintained NVIDIA Corporation (NASDAQ:NVDA) on Friday, November 17 with "Buy" rating. Citigroup maintained the stock with "Buy" rating in Friday, February 9 report. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company.

Shares of Nvidia were up slightly in after market trading. The overall volume in the last trading session was 15.77 million shares. Nvidia has a 12-month low of $253.05 and a 12-month high of $263.50. The company maintains price to book ratio of 0.87 vs.an industry average at 2.58.

Earnings per diluted share for the quarter were $1.98, an increase of 20 cents in the last quarter, and a boost of 151 per cent from this time a year ago. Nvidia had a net margin of 31.36% and a return on equity of 45.02%. Wall Street was expecting to see earnings of $1.45 per share with $2.9 billion in revenue. During the same period in the prior year, the company earned $1.13 EPS. research analysts forecast that Nvidia will post 6.09 EPS for the current year.

For its second quarter, Nvidia is calling for revenue in the range of $3.04 billion to $3.16 billion.

In other Nvidia news, Director Persis Drell sold 5,141 shares of the company's stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of $245.67, for a total value of $9,914,995.53. Following the completion of the transaction, the executive vice president now owns 201,796 shares in the company, valued at approximately $48,320,052.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

In other news, EVP Debora Shoquist sold 32,049 shares of the firm's stock in a transaction that occurred on Tuesday, March 27th.



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