Nvidia Surprises with Earnings Beat, Strong Crypto Demand Surprises It
11 February, 2018, 05:18 | Author: Kristen Ingram
Gateway Investment Advisers Limited Liability Company holds 0.05% or 150,745 shares. Ark Investment Management LLC boosted its holdings in shares of NVIDIA by 79.5% during the 2nd quarter. ConocoPhillips has 6 buy ratings, 5 holds and 0 sells even after the stock tumbled -13.17% from its high of $61.31 to a $65.45 billion market value through last close.
Granite Point Capital Management Lp, which manages about $474.72 million US Long portfolio, decreased its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 39,900 shares to 6,100 shares, valued at $1.05 million in 2017Q3, according to the filing. Quantbot Technologies LP purchased a new position in shares of NVIDIA in the 2nd quarter valued at about $543,000. The current share price indicates that stock is -59.97% away from its one year high and is moving -1.16% ahead of its 52-week low. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker's stock worth $123,000 after purchasing an additional 255 shares during the period. Adirondack Tru invested 0.02% in NVIDIA Corporation (NASDAQ:NVDA). Oppenheimer reissued a "hold" rating on shares of NVIDIA in a report on Sunday, November 5th. Staley Capital Advisers stated it has 0.07% in NVIDIA Corporation (NASDAQ:NVDA). The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. As per Tuesday, June 6, the company rating was maintained by RBC Capital Markets.
The stock of NVIDIA Corporation and Diamond Offshore Drilling, Inc. were two of the most active stocks on Wednesday.
Nvidia shares jumped more than 10 percent on Thursday after the company reported better-than-expected fiscal earnings for the fourth quarter.
The company said revenue for the quarter rose 34.1% to $2.91 billion.
Nvidia failed to disclose its margins, but it doesn't takt rocket science to figure that one out.
Data-center revenue surged by 105% to US$606mln, soundly beating market expectations for an 85% growth to US$548.1mln. Edgewood Management Llc sold 282,149 shares as the company's stock rose 26.83% with the market. Moreover, Davenport And Limited Com has 0.87% invested in Anheuser-Busch InBev SA/NV (NYSE:BUD) for 573,044 shares. NVIDIA's dividend payout ratio (DPR) is 14.89%. Also, CFO Colette Kress sold 171 shares of the business's stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $213.44, for a total value of $3,201,600.00. The relative volume of the stock is 2.12 while its market cap is $133.37 billion. (NVDA) by 24.57% based on its latest 2017Q3 regulatory filing with the SEC. The shares were sold at an average price of $197.07, for a total transaction of $119,424.42. 4,762,936 shares of the company's stock were exchanged. The disclosure for this sale can be found here. Centaur Capital Partners Lp who had been investing in Alleghany Corp Del for a number of months, seems to be bullish on the $9.17 billion market cap company.
All of the above helped push the company's shares up by 10 per cent in the trading hours following the earnings announcement, up by about 83 per cent over the past 12 months. About 28.60M shares traded or 96.36% up from the average.
"We reiterate our outperform rating on NVIDIA and are raising our price target ... following yet another exceptionally strong quarter and guidance", Raymond James analyst Chris Caso wrote in a note to clients Thursday entitled "NVIDIA Does It Again - Another Amazing Beat/Raise". Barclays increased their price target on shares of NVIDIA from $200.00 to $225.00 and gave the stock an "equal weight" rating in a report on Friday, November 10th. Mizuho maintained the shares of NVDA in report on Monday, October 16 with "Buy" rating.
In terms of earnings per share, NVDA did overwhelmingly well. The company has an average rating of "Buy" and a consensus price target of $202.84.
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