Brokers Issue Forecasts for NVIDIA Corporation's Q3 2018 Earnings (NVDA)

Nvidia Corporation

Nvidia Corporation

(The) restated a "buy" rating and issued a $130.00 price target on shares of NVIDIA Corporation in a report on Friday, April 14th. We are also cautious on how much more legs the demand from crypto currency mining has and we are modeling that business to flatten out in FQ3 and decline -20% YoY in F2019. Firm LT growth rate is estimated as 3.58 %.

A number of other brokerages have also recently commented on NVDA. The rating was downgraded by Goldman Sachs on Tuesday, June 20 to "Neutral". Royal Bank Of Canada restated an "outperform" rating and issued a $175.00 price target on shares of NVIDIA Corporation in a research note on Thursday, July 13th. Finally, Zacks Investment Research upgraded NVIDIA Corporation from a "sell" rating to a "hold" rating in a research note on Monday, May 8th. Loop Capital Markets maintained it with "Buy" rating and $18100 target in Friday, August 11 report. Raymond James upgraded it to "Strong Buy" rating and $21 target in Wednesday, August 26 report. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company. The company presently has a consensus rating of "Hold" and an average target price of $145.84.

NVIDIA Corporation (NVDA) belonging to the Technology sector has surged 7.98% and closed its last trading session at $168.4. The last close places the company's stock about $6.16 off its 52 week high of $174.56 and $111.08 above the 52 week low of $57.32. The company's 50-day moving average is $159.56 and its 200-day moving average is $127.02. The stock has a market capitalization of $100.09 billion, a P/E ratio of 48.22 and a beta of 1.24.

Meritage Portfolio Management decreased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 45.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The company beat the analyst EPS Estimate with the difference of $0.26. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion.

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NVIDIA Corporation (NVDA) now has a Return on Assets (ROA) value of 23.9 Percent. The dividend will be $0.140 per share for the quarter which comes to $0.56 on an annualized basis. During the same quarter a year ago, the business earned $0.53 earnings per share. On average, equities research analysts forecast that NVIDIA Corporation will post $3.58 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 24th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tue, Aug 22nd. this indicates a $0.56 annual dividend and a payout of of 0.33%. The firm has "Sell" rating by BMO Capital Markets given on Tuesday, August 8. Drell Persis sold $325,048 worth of NVIDIA Corporation (NASDAQ:NVDA) on Thursday, May 18.

Insider Trades for NVIDIA Corporation show that the latest trade was made on 9 Jul 2017 where Jones (Harvey C. Jr), the Director completed a transaction type "Sell" in which 100000 shares were traded at a price of $150.29. The stock was sold at an average price of $140.00, for a total transaction of $434,980.00.

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A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The stock was sold at an average price of $137.09, for a total value of $3,496,754.63. Following the sale, the insider now directly owns 162,706 shares in the company, valued at approximately $22,305,365.54. The disclosure for this sale can be found here. Insiders sold 572,282 shares of company stock worth $86,830,082 over the last ninety days. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker's stock worth $5,819,579,000 after buying an additional 2,676,976 shares during the last quarter.

Several large investors have recently modified their holdings of the company. Proficio Capital Partners LLC raised its stake in NVIDIA Corporation by 186.1% in the first quarter. Broderick Brian C has an ownership of 13,806 stocks of the computer hardware maker's shares valued $1,996,000 after scooping up an extra 52 shares through out the quarter. Ameriprise Financial Inc. increased its stake in NVIDIA Corporation by 8.8% in the second quarter. Laurel Wealth Advisors Inc. bought a new stake in shares of NVIDIA Corporation during the second quarter valued at $300,000. Evercore Wealth Management LLC raised its stake in NVIDIA Corporation by 36.9% in the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker's stock valued at $592,244,000 after buying an additional 4,022,728 shares during the last quarter. Finally, Thompson Davis & CO.

Nvidia Corporation focuses on personal computer graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company's operates through two divisions: GPU and Tegra Processor.

Increases Position in Cabot Corporation (CBT)
Finally, CIBC World Markets Inc. purchased a new stake in shares of Cabot Corporation during the first quarter worth $212,000. It is highly important for investors to understand exactly what risks they are taking when buying and selling stocks.

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