NVIDIA Corporation (NVDA) closed at $159.94 in the last trading session
- Author: Zachary Reyes Jun 09, 2017,
Jun 09, 2017, 20:18
Roth Capital upgraded the stock to "Buy" rating in Friday, August 7 report.
A number of other institutional investors also recently made changes to their positions in NVDA. Canaccord Genuity upped their target price on NVIDIA from $97.50 to $120.00 and gave the company a "buy" rating in a report on Tuesday, January 10th. Deutsche Bank AG reissued a "hold" rating and issued a $105.00 price target on shares of NVIDIA in a report on Monday, May 15th. Year-to-date, NVDA has gained 48.42%, versus a 9.64% rise in the benchmark S&P 500 index during the same period.
Citigroup lifted its price target on NVIDIA to $180 per share (21% upside).
Among 16 analysts covering SIG PLC (LON:SHI), 4 have Buy rating, 1 Sell and 11 Hold. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since June 9, 2016 and is uptrending. Nomura Asset Mgmt Limited invested in 86,266 shares or 0.17% of the stock.
NVIDIA Corporation (NVDA) has a market capitalization of 95.16 Billion which suggests the company is a huge company further suggesting that the shares of NVIDIA Corporation (NVDA) are stable and safe compared to the lower market capitalization companies.
The equity stands 4.46% away from the 52-week high and 275.01% from the 52-week low. NVIDIA also was the target of some unusual options trading on Wednesday. Investors purchased 109,730 put options on the stock. The stock of NVIDIA Corporation (NASDAQ:NVDA) has "Neutral" rating given on Friday, August 7 by TH Capital.
Earnings Per Share (EPS), the portion of a company's profit distributed to each outstanding common share, is a useful indicator of a company's profitability. The Coatue Management Llc holds 4.30M shares with $459.41 million value, up from 2.00 million last quarter. During the same quarter in the prior year, the firm earned $0.46 EPS.
While Nvidia (NASDAQ:NVDA) has crossed all price targets in the last two years, the company's stock price rally looks sustainable, supported by multiple growth opportunities.
The firm also revealed a quarterly dividend, which will be paid on Wednesday, June 14th. Investors of record on Tuesday, May 23rd will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.35%. NVIDIA's dividend payout ratio is 21.96%.
ILLEGAL ACTIVITY NOTICE: This piece was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and worldwide copyright and trademark law. The correct version of this story can be accessed at https://www.thestockobserver.com/2017/06/08/nvidia-co-nvda-director-a-brooke-seawell-sells-3107-shares-updated.html. Polaris Wealth Advisers Llc sold 99,221 shares as the company's stock rose 26.83% with the market.
Stock is now moving with a positive distance from the 200 day simple moving average of approximately 67.43%, and has a solid year to date (YTD) performance of 49.84% which means the stock is constantly adding to its value from the previous fiscal year end price. Every professional at some point comes to respect the actual behavior of a stock as the true arbiter of right and wrong with any bet. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Kress Colette had sold 53,458 shares worth $5.63M. The shares were sold at an average price of $137.09, for a total value of $3,496,754.63. Following the completion of the transaction, the executive vice president now owns 330,040 shares of the company's stock, valued at approximately $47,793,092.40. The disclosure for this sale can be found here. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 9.9% where SMA50 and SMA200 are 28.51% and 56.81% respectively. Columbus Circle Investors acquired a new stake in shares of NVIDIA during the first quarter worth about $8,530,000. In looking at volatility levels, the shares saw weekly volatility of 6.13% and 6.81% over the past month. The stock appears set to nab a new all-time peak out of the gate, up 3.3% in electronic trading. Jennison Associates LLC increased its position in shares of NVIDIA by 36.6% in the third quarter. Ibex Wealth Advisors now owns 32,087 shares of the computer hardware maker's stock worth $3,210,000 after buying an additional 3,540 shares during the period. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker's stock worth $572,695,000 after buying an additional 1,672,231 shares during the period.
Nvidia shares rallied 238 percent through Thursday in the previous 12 months compared with the market's 15 percent return in that period.
NVIDIA Corporation (NASDAQ:NVDA) shares were trading higher by 1.21 percent ($1.78) at $149.12 a piece in Wednesday's session.