Home » World

Nvidia Surprises with Earnings Beat, Strong Crypto Demand Surprises It

11 February, 2018, 05:18 | Author: Kristen Ingram
  • Citron's Attack on Nvidia at PT $200 is Uncalled For

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.

ILLEGAL ACTIVITY WARNING: This report was originally reported by Week Herald and is the property of of Week Herald.

Recommended:



Popular

Syrian base was used 'as if it were Iran's own'
The Israel Army on Saturday shot down a Syrian drone carrying out a reconnaissance mission over the Israel-occupied Golan Heights. The prime minister said he has been warning for some time about the dangers of Iran's military entrenchment in Syria .

Jaish-e-Mohammed militants storm Jammu Army camp
By evening, the Army said it had neutralised two attackers and cleared most of the 150 houses of the soldiers. The operation will continue until all terrorists are detained or killed , the reports added.

Shock and woe as SBI reports first quarterly loss in 17 years
During the quarter, the central government has infused Rs 1,375 crore by way of preferential allotment of equity shares. Contribution of treasury operations to the bank's income also came down during the quarter.

Snow storm leaves Metro Airport empty Friday
Meteorologist Heather Orow in Grand Rapids, Michigan, says the storm is "generally going to be an issue for travel". People should stay off the roads if possible, but if they drive they should expect delays and hazardous conditions.

German foreign minister slams likely successor for betrayal
His announcement upset the incumbent, Sigmar Gabriel , who bemoaned the "lack of respect" his labors had received. The Social Democrats are putting the agreement secured Wednesday to a ballot of their more than 460,000 members.

No evidence border patrol agents were attacked
Concentrated investigative activities and canvasses for witnesses and evidence have taken place across the United States. The reward for information has been raised to $50,000, and tips can be called into the El Paso office at 915-832-500.

Taiwan quake death toll rises to 10
Taiwan's Central News Agency says four people have been killed and 225 others injured, while more than 140 remain unaccounted for. Taiwan is located within the so-called "Pacific Ring of Fire", an area known for its intense seismic activity.

Stars lock in future with National Signing Day
Georgia was also able to flip five-star linebacker Quay Walker from Alabama and four-star linebacker Otis Reese from MI . The Bulldogs claimed the top spot in the 247Sports rankings by five-star cornerback Tyson Campbell on Monday.

Trump asks Pentagon to plan a military parade
Trump has now told the military to make his wishes a reality. "'This is being worked at the highest levels of the military'". As for when the parade would occur, the Post reported the president would like to tie it to a patriotic holiday.

Breakingviews - Disney Netflix-with-theme-parks recast looks scary
Weiss , executive producers of HBO's hit series " Game of Thrones ", would write and produce a series of new " Star Wars " movies. But many sports fans might be left wondering what exactly they are paying an extra five dollars a month for.