Nvidia reports strong Q1 results, revenue up 66 percent
Nvidia reports strong Q1 results, revenue up 66 percent
Industrial Automation Nvidia Passes $3 Billion in First Quarter Revenue James Morra
12 May, 2018, 08:22
NVIDIA had 28 analyst reports since November 17, 2017 according to SRatingsIntel.
Nvidia has gained more than 140 percent in the past 12 months, nearly doubling the performance of Micron Technology Inc., the second-best performer in the Philadelphia Semiconductor Index over that time. On Friday, November 17 the firm has "Buy" rating given by Canaccord Genuity. On Thursday, February 8 the rating was maintained by Stifel Nicolaus with "Hold". 4 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Finally, Deutsche Bank increased their price target on Nvidia from $230.00 to $240.00 and gave the stock a "hold" rating in a research report on Tuesday.
Morgan Stanley has an Overweight rating with a $258 target. Odey Asset Mngmt Gp invested 0.27% of its capital in NVIDIA Corporation (NASDAQ:NVDA). Currently, the stock has a 1 Year Price Target of $250.42. The share last price represents uptick move of 1.66% in value from company's 52-Week high price and shows 128.14% above change in value from its 52-Week low price.
The analysts "would agree that Nvidia's longer-term prospects in multiple growth markets remain bright, for now, given some of the near-term uncertainties around the gaming segment and given that Nvidia's valuation remains meaningfully higher than semiconductor peers". Closing price generally refers to the last price at which a stock trades during a regular trading session. About 10,861 shares traded. On Friday, May 4 Goldman Sachs maintained NVIDIA Corporation (NASDAQ:NVDA) rating.
"While second-quarter revenue guidance, at $3.1 billion, is above the current consensus estimate of $2.9 billion, it is hard to assess how medium-term gaming segment performance will materialize as seasonal demand metrics remain skewed".
The stock of NVIDIA Corporation and Deere & Company were two of the most active stocks on Wednesday. Zevenbergen Capital Investments Llc sold 3,455 shares as Nvidia Corporation (NVDA)'s stock rose 15.49%. Canaccord Genuity has "Buy" rating and $35 target. Northland Capital has "Outperform" rating and $288 target. On Friday, January 12 the rating was maintained by Citigroup with "Buy". The company has a market capitalization of $155.27 billion, a price-to-earnings ratio of 55.00, a PEG ratio of 4.10 and a beta of 1.52. NVIDIA Corporation (NVDA) has risen 108.33% since May 11, 2017 and is uptrending. (AMD) and Weatherford International Plc (WFT)" with publication date: "May 10, 2018. Geode Capital Management LLC now owns 7,194,300 shares of the computer hardware maker's stock valued at $1,389,500,000 after buying an additional 512,166 shares in the last quarter. The insider Kress Colette sold $31,732. The company was maintained on Tuesday, March 27 by SunTrust. Also, Director James C. Gaither sold 40,359 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. 103 shs valued at $23,496 were sold by Byron Michael on Friday, March 2. Following the transaction, the director now directly owns 20,963 shares of the company's stock, valued at $4,627,162.99. Valley National Advisers owns 126 shares. Ishares Tr (IWF) was raised too.
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Investors sentiment decreased to 1.21 in 2017 Q4.
However, revenue fell 1 percent quarter-on-quarter in the unit, suggesting a moderating growth from cryptocurrency. The ratio worsened due to NVDA positioning: 59 sold and 301 reduced. 321 increased holdings while 113 funds amassed holdings. 363.65 million shares or 6.07% less from 387.15 million shares in 2017Q3 were reported. Gradient Invests Lc invested in 0% or 192 shares.
In other Nvidia news, Director Mark L. Perry sold 17,307 shares of the stock in a transaction that occurred on Monday, February 12th.
Nvidia (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, May 10th. 33,783 are held by L And S Advisors. DnB Asset Management AS raised its position in shares of Nvidia by 8.3% during the fourth quarter.
NVIDIA Corporation (NASDAQ:NVDA)'s Return on Assets (ROA) is at 30.60%. Brinker Cap stated it has 7,548 shares. Tower Research Cap Limited Liability (Trc) invested in 0.23% or 9,062 shares.
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