Graphics Chip Maker Nvidia Gets Fresh Price-Target Hikes

Nvidia Volta Tesla V100

Nvidia Volta Tesla V100

This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward. Wedbush maintained the shares of NVDA in report on Friday, May 13 with "Outperform" rating.

In a report released on 05/12/2017 Canaccord increased the stock price target of NVIDIA (NASDAQ:NVDA) from $125.00 to $155.00 indicating a possible upside of 0.23%. Goldman Sachs Group Inc restated a "conviction-buy" rating and issued a $130.00 price objective on shares of NVIDIA in a report on Wednesday.

SpaceandPeople PLC (LON:SAL) had its stock rating noted as Hold by analysts at Cantor Fitzgerald. Analysts have placed a $109.97 price target on NVIDIA Corporation, suggesting a -13.07% decline from recent close. However a year ago during same quarter NVIDIA Corporation (NASDAQ:NVDA) reported $0.4 EPS.

NVIDIA has a 52 week low of $34.84 and a 52 week high of $130.43 with a price-earnings ratio of 49.22 NVDA's total market value is presently $0. Looking at the stock's movement on the chart, NVIDIA Corporation recorded a 52-week high of $121.82. The 20-day may be of analytical benefit to a shorter-term trader since it follows the price more closely, and therefore produces less "lag" than the longer-term moving average. For NVDA, the company now has $1.77 Billion of cash on the books, which is offset by $800 Million current liabilities.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Tuesday, May 9th.

The company is expected to report earnings of $0.67 a share for the next quarter. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. Chicago Equity Prns Lc stated it has 0.49% in NVIDIA Corporation (NASDAQ:NVDA). The company reported revenue of $1.31 Billion in the same period past year. The computer hardware maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.66 by $0.16.

NVIDIA Corporation has a consensus outperform rating from 38 Wall Street analysts, and the number of shares now sold short amount to at least 4.73% of shares outstanding.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. This represents a $0.56 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Friday, May 19th. NVIDIA's payout ratio is 21.96%.

ILLEGAL ACTIVITY NOTICE: "NVIDIA Co". If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of USA & worldwide copyright and trademark legislation. The legal version of this piece of content can be accessed at Cavalier Investments LLC now owns 18,100 shares of the computer hardware maker's stock valued at $1,932,000 after buying an additional 8,500 shares in the last quarter. 133,542 shares were sold by Puri Ajay K, worth $14.49M on Thursday, March 30. Following the transaction, the insider now directly owns 1,811,456 shares in the company, valued at approximately $178,066,124.80. Also, Director A Brooke Seawell sold 32,820 shares of the stock in a transaction that occurred on Monday, March 20th. Following the completion of the sale, the insider now directly owns 159,442 shares in the company, valued at $16,277,433.78. The disclosure for this sale can be found here. Institutional investors own 85.00% of the company's stock. Quadrant Capital Group LLC raised its stake in NVIDIA by 17.5% in the first quarter. The Company's Tegra brand integrates an entire computer onto a single chip, and incorporates GPUs and multi-core central processing units (CPUs) to drive supercomputing for mobile gaming and entertainment devices, as well as autonomous robots, drones and cars.

'But the company, whose stock has been on a tear this week, already sells technology to the biggest cloud companies - Amazon, Alphabet, and Microsoft - to do just that. Coconut Grove Bank increased its stake in NVIDIA by 683.9% in the first quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of NVIDIA during the first quarter worth $2,063,000. Jennison Associates LLC boosted its position in shares of NVIDIA by 36.6% in the third quarter. Advisors Preferred LLC now owns 2,310 shares of the computer hardware maker's stock worth $158,000 after buying an additional 2,051 shares in the last quarter.

In recent action, NVIDIA Corporation (NVDA) has made a move of +30.00% over the past month, which has come on weak relative transaction volume.

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