In recent action, NVIDIA Corporation (NVDA) has made a move of +12.77% over the past month, which has come on weak relative transaction volume. On a consensus basis, analysts have given a recommendation of 2.40 on company shares.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sowell Financial Services LLC now owns 4,724 shares of the computer hardware maker's stock valued at $655,000 after buying an additional 4,106 shares during the last quarter. It also reduced its holding in Level 3 Communications Inc (NYSE:LVLT) by 93,800 shares in the quarter, leaving it with 158,956 shares, and cut its stake in Transcanada Corp (Call) (NYSE:TRP). The stock is now 11.69% away from its 50-day simple moving average and 42.24% away from the 200 day average. Inc. now owns 822 shares of the computer hardware maker's stock worth $119,000 after buying an additional 6 shares during the period. Finally, Hanson McClain Inc. lifted its stake in NVIDIA Corporation by 12.7% in the 2nd quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker's stock worth $127,000 after buying an additional 99 shares during the period. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. BidaskClub raised NVIDIA Corporation from a "buy" rating to a "strong-buy" rating in a research report on Monday, July 24th. Royal Bank of Canada increased their price objective on shares of NVIDIA from $124.00 to $130.00 and gave the stock an outperform rating in a research report on Friday, February 10th.
Gill raised his price target for Nvidia shares to $250 from $200.
In the most updated research from a number of analysts on Wall Street, the company gets 1 Buys and 4 Sell among 20 analysts. NVIDIA Corporation now has a PEG ratio of 4.23.Most importantly investors want to know where the stock is headed from here. Moreover, Horseman Capital Mgmt Limited has 1.72% invested in NVIDIA Corporation (NASDAQ:NVDA). Over the last quarter, insiders have sold 452,784 shares of company stock worth $81,437,724. The stock's 50 day moving average is $115.43 and its 200 day moving average is $106.11. NVIDIA Corporation has a 52-week low of $65.52 and a 52-week high of $193.09. A negative beta means that the stock inversely follows the market, decreasing in value when the market goes up.
Amgen INC (AMGN) Position Maintained by Valueworks Llc
The Private Capital Management Llc holds 5.45 million shares with $22.72 million value, down from 5.64 million last quarter. Mariner Wealth Advisors Llc sold 5,821 shares as Amgen Inc (AMGN)'s stock declined 9.68%. (NASDAQ:AMGN) for 350,660 shares.
21 analysts on average are expecting NVIDIA Corporation to report earnings of $0.83 per share for the current quarter. NVIDIA Corporation's quarterly revenue was up 56.2% on a year-over-year basis. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. Analysts are predicting 10.01% for the company next year. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.69 by $0.32. Byron Michael sold $3.50 million worth of NVIDIA Corporation (NASDAQ:NVDA) on Friday, May 19.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 14th. Clarivest Asset Management Ltd Liability Corp invested in 0.74% or 218,275 shares. The ex-dividend date of this dividend is Friday, May 19th.
On a similar note, analysts expect EPS of $1.04 in September 2017 quarter and $1.04 in December 2017 quarter, representing 0.97% and 0.97% growth, respectively. California Public Employees Retirement invested 0.28% in NVIDIA Corporation (NASDAQ:NVDA). If you are viewing this piece of content on another publication, it was stolen and republished in violation of global trademark & copyright legislation. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States & global copyright & trademark laws. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/10/13/nvidia-corporation-nvda-raised-to-buy-at-vetr-inc.html. The stock was sold at an average price of $185.31, for a total value of $4,226,550.48. Also, EVP Debora Shoquist sold 33,498 shares of the business's stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $189.62, for a total transaction of $9,481,000.00. The disclosure for this sale can be found here. Following the transaction, the insider now directly owns 1,811,456 shares in the company, valued at $178,066,124.80.
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.