Thursday, 23 November, 2017

JEFFERIES: Nvidia has 'tectonic upside' (NVDA)

Nvidia Reports Big Q3 Earnings Beat, Record Sales Chipmaker Nvidia tops estimates on gaming, data center boost
Jo Caldwell | 11 November, 2017, 00:55

In other NVIDIA Corporation news, insider Jen Hsun Huang sold 110,000 shares of the firm's stock in a transaction dated Wednesday, September 6th. The stock of NVIDIA Corporation (NASDAQ:NVDA) has "Mkt Perform" rating given on Friday, August 7 by FBR Capital. The stock has "Buy" rating by Robert W. Baird on Monday, October 30.

A number of research firms recently commented on NVDA.

Myriad Asset Management Ltd increased its stake in Nvidia Corp (NVDA) by 1195.59% based on its latest 2017Q2 regulatory filing with the SEC. As per Friday, November 4, the company rating was maintained by Cowen & Co. Nvidia Corp now has $130.59 billion valuation. Vetr lowered shares of NVIDIA Corporation from a strong-buy rating to a hold rating and set a $173.32 price objective on the a research note on Tuesday, August 15th. Cim Invest Mangement stated it has 5,965 shares or 0.31% of all its holdings. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The 12-month average price target stands at $203.80, marking a 6% downside from where the stock is now trading. In the past 52 weeks the company's stock price has moved within the range of $66.76 to $212.90. Stifel Nicolaus maintained American Airlines Group Inc (NASDAQ:AAL) rating on Thursday, May 25. As of today, the company has a SMA200 (200-day simple moving average) of 42.1 Percent. The company has market cap of $636.41 million. SEAWELL A BROOKE also sold $434,980 worth of NVIDIA Corporation (NASDAQ:NVDA) on Wednesday, May 24.

The chipmaker reported better-than-expected fiscal third-quarter earnings and guidance Thursday. The computer hardware maker reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.37. The hedge fund held 1.17M shares of the semiconductors company at the end of 2017Q2, valued at $168.92 million, up from 59,200 at the end of the previous reported quarter.

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NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 9th. A year prior, the company posted non-GAAP earnings of 83 cents per share on revenue of $2 billion. Wall Street was modeling earnings per share of 97 cents, down 2%, on sales of $2.43 billion, up 12%. 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 of content can be read at nvidia-corp-nvda-coverage-initiated-by-analysts-at-loop-capital/1229324/.

The company also recently announced a Not Available dividend, which will be paid on Tuesday, December 5th. Investors of record on Monday, November 28th will be given a dividend of $0.14 per share. This represents a $0.60 annualized dividend and a yield of 0.29%. NVIDIA Corporation's RSI is presently sitting at 72.97. The ex-dividend date is Wednesday, November 23rd. NVIDIA Corporation's dividend payout ratio is 15.86%. Edgewood Management LLC now owns 5,987,970 shares of the computer hardware maker's stock valued at $652,270,000 after acquiring an additional 1,074,303 shares during the last quarter. About 24.38 million shares traded or 87.97% up from the average. Rafferty Asset Management Ltd Liability Co owns 112,182 shares. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have sold 452,784 shares of company stock valued at $81,437,724. The shares were sold at an average price of $12.83, for a total transaction of $192,450.00. Manufacturers Life Insurance Communication The reported 673,495 shares or 0.12% of all its holdings. The disclosure for this sale can be found here. Insiders own 3.52% of the company's stock. 65 funds opened positions while 154 raised stakes. It also reduced Ecolab Inc (NYSE:ECL) stake by 3,486 shares and now owns 2,349 shares. Bnp Paribas Arbitrage owns 0% invested in RPX Corp (NASDAQ:RPXC) for 7,711 shares. MA now owns 16,986,585 shares of the computer hardware maker's stock valued at $798,539,000 after buying an additional 152,220 shares during the period.

Rockland Trust Co holds 3.11% of its portfolio in Independent Bank Corp for 501,698 shares. Wellington Mngmt Ltd Liability Partnership holds 0.01% in American Airlines Group Inc (NASDAQ:AAL) or 1.00 million shares. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker's stock valued at $117,000 after purchasing an additional 547 shares during the last quarter.


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