Published: Fri, November 10, 2017
Money | By Armando Alvarado

NVIDIA Corporation (NASDAQ:NVDA) To Report Earnings

NVIDIA Corporation (NASDAQ:NVDA) To Report Earnings

For fiscal 2019, we intend to return $1.25 billion to shareholders through ongoing quarterly cash dividends and share repurchases.

Institutional investors have recently made changes to their positions in the stock. TB Alternative Assets Ltd. bought a new stake in NVIDIA Corporation during the 2nd quarter worth approximately $116,000. West Oak Capital LLC raised its stake in Nvidia 183.6% in the third quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker's stock valued at $117,000 after acquiring an additional 547 shares in the last quarter. Inc. boosted its stake in shares of NVIDIA Corporation by 0.7% during the 2nd quarter. Evercore Wealth Management LLC raised its holdings in shares of NVIDIA Corporation by 36.9% during the second quarter. Long-term investors should review current trend forecasts and yearly or five-year trend graphs to understand whether the stock is bearish or bullish or to determine whether the company is performing well. The stock surging with rising stream of 26.96% in recent 3 months.

NVIDIA Corporation (NASDAQ:NVDA)'s stock had its "outperform" rating reissued by analysts at Royal Bank Of Canada in a note issued to investors on Monday, October 30th, Marketbeat Ratings reports. Meanwhile, the average 12-month price target from Wall Street analysts is now $172.08, this means that the stock is overpriced by -21.548%. Mizuho reissued a "positive" rating and set a $220.00 price objective (up from $180.00) on shares of NVIDIA Corporation in a research note on Monday, October 16th.

NVIDIA shares were mostly flat in after-hours trading Thursday immediately following the earnings release. A 4 analysts rate it as either a buy or a strong buy, while 3 believe that investors should either steer clear of (NASDAQ:DISCA) or, if they already own its stock, sell it. Also, the current price highlights a discount of 17.91% to analysts' high consensus price target. Byron Michael also sold $3.50M worth of NVIDIA Corporation (NASDAQ:NVDA) on Friday, May 19. The company has a quick ratio of 6.99, a current ratio of 7.82 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $122,770.00, a PE ratio of 59.56, a PEG ratio of 5.24 and a beta of 1.23.

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Nvidia Corp. has a 12 month low of $24.75 and a 12 month high of $96.62. Moreover, Checchi Advisers Limited Liability Company has 0.06% invested in NVIDIA Corporation (NASDAQ:NVDA) for 3,989 shares. The computer hardware maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.32. Revenue came in at $2.64 billion, topping analysts' expectations of $2.37 billion and growing 32% year-over-year.

Nvidia Corp NVDA.O reported a better-than-expected quarterly profit, driven by strong demand for its graphics chips used in personal computers and devices for gaming, and in data centres. According to their predictions high & low revenue estimates are 2.41 Billion and 2.35 Billion respectively.

COPYRIGHT VIOLATION NOTICE: This article was first posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & worldwide copyright and trademark law. Also, Director A Brooke Seawell sold 35,000 shares of the business's stock in a transaction dated Monday, November 14th. Waters Parkerson And Ltd Liability Company holds 0.03% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 2,100 shares. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

In other news, Director Mark L. Perry sold 16,281 shares of the business's stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $171.01, for a total value of $69,943.09. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker's stock valued at $827,110,000 after purchasing an additional 463,306 shares during the period. The disclosure for this sale can be found here. These holdings make up 66.93% of the company's outstanding shares. The Company's operates through two segments: GPU and Tegra Processor.

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