The NVIDIA Corporation (NVDA) Cut to "Reduce" at Nomura
- Author: Arturo Norris Mar 03, 2017,
Mar 03, 2017, 3:41
NVDA has been the topic of several other reports. BMO Capital Markets reiterated a "market perform" rating and set a $75.00 price target (up previously from $59.00) on shares of NVIDIA Corporation in a report on Friday, December 2nd. The stock now has a Market Cap of $49.29B. They noted that the move was a valuation call.
The Company got Downgrade by Instinet on 23-Feb-17 from Buy to Reduce. Finally, Citigroup Inc. set a $100.00 price target on NVIDIA Corporation and gave the company a "buy" rating in a report on Friday, November 11th. Wall Street is only getting more bullish on the stock, with 43 of analysts who cover FB having a buy-equivalent rating. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.
NVIDIA Corporation (NASDAQ:NVDA) share price increased in the last trading session with a previous 52-week high of $120.77. The stock has a market cap of $56.12 billion, a price-to-earnings ratio of 39.49 and a beta of 1.31. The firm has a 50 day moving average of $108.47 and a 200 day moving average of $85.56.
The High Revenue estimate is predicted as 1.94 Billion, while the Low Revenue Estimate prediction stands at 1.9 Billion.
The earnings of NVIDIA Corporation (NVDA) are forecasted by the analysts to move at $0.66 in current quarter, from $0.33 a year-ago quarter. The computer hardware maker reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.83 by $0.30. On average, equities analysts anticipate that NVIDIA Corporation will post $2.42 earnings per share for the current year. The company's revenue for the quarter was up 54.9% on a year-over-year basis.
NVIDIA Corporation on 02/09/2017 reported its EPS as $0.99 with the analysts projecting the EPS of the stock as $0.83.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 17th. The ex-dividend date was Wednesday, November 23rd. NVIDIA Corporation's dividend payout ratio (DPR) is presently 21.96%. If you are viewing this article on another publication, it was stolen and republished in violation of United States and worldwide copyright & trademark legislation. The stock began the session at $102.2 and the volume stood at 1,78,85,019 shares. The stock was sold at an average price of $98.74, for a total value of $987,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
In other news, Director Tench Coxe sold 50,000 shares of the business's stock in a transaction dated Tuesday, December 27th. The company's net profit margin has achieved the current level of 24.1 percent and possesses 58.8 percent gross margin. The disclosure for this sale can be found here. Sumitomo Mitsui Asset Management Company LTD now owns 380,235 shares of the computer hardware maker's stock valued at $26,053,000 after buying an additional 333,965 shares in the last quarter.
A number of brokerages recently issued reports on NVDA. Boyer & Corporon Wealth Management LLC boosted its stake in NVIDIA Corporation by 2.8% in the second quarter. Prudential Financial Inc. now owns 807,170 shares of the computer hardware maker's stock valued at $55,307,000 after buying an additional 23,712 shares in the last quarter. Stephens Inc. AR raised its stake in shares of NVIDIA Corporation by 10.2% in the third quarter. West Oak Capital LLC raised its position in shares of NVIDIA Corporation by 183.6% in the third quarter. The computer technology stock is up 228 percent the past 12 months. Capital Guardian Trust Co. increased its stake in NVIDIA Corporation by 0.9% in the fourth quarter. Brick & Kyle Associates now owns 2,502 shares of the computer hardware maker's stock worth $118,000 after buying an additional 502 shares during the period. Finally, Swedbank bought a new position in shares of NVIDIA Corporation during the third quarter worth about $103,681,000. Cornerstone Advisors Inc. now owns 1,784 shares of the computer hardware maker's stock worth $122,000 after buying an additional 612 shares during the period.
NVIDIA Corporation (NVIDIA) is engaged in visual computing enabling individuals to interact with digital ideas data and entertainment. The Company operates in two segments: Graphics Processing Unit (GPU) and Tegra Processor.