B. Riley Reaffirms "Buy" Rating for NVIDIA Corporation (NASDAQ:NVDA)

Rodiano Bonacci
Novembre 25, 2017

A number of brokerages have recently issued reports on NVDA. MKM Partners reaffirmed a "neutral" rating and set a $120.00 price target (up previously from $106.00) on shares of NVIDIA Corporation in a report on Monday, August 14th. (The) boosted their target price on shares of NVIDIA Corporation from $193.00 to $217.00 and gave the company a "buy" rating in a research note on Wednesday, October 11th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. Citigroup initiated the stock with "Buy" rating in Wednesday, November 2 report. Cim Ltd reported 0.26% in NVIDIA Corporation (NASDAQ:NVDA). Royal Bank of Canada now has a $130.00 price target on the computer hardware maker's stock, down from their previous price target of $138.00.

NVIDIA Corporation (NVDA) declined -0.52% and closed its last trading session at $214.93. The expected NVDA's profit could reach $612.06M giving the stock 53.57 P/E in the case that $1.01 earnings per share is reported. Stock's distance from 52 week High is -1.71% and the distance from 52 week Low is 153.54%. The company has market cap of $10.99 billion.

Analysts await NVIDIA Corporation (NASDAQ:NVDA) to report earnings on February, 8. The computer hardware maker reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.39. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The business's revenue was up 31.5% compared to the same quarter past year. On average, equities research analysts expect that NVIDIA will post $3.08 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, May 23rd will be paid a $0.14 dividend. The ex-dividend date is Wednesday, November 22nd. At the current valuation, this equates to a dividend yield of 0.28%. NVIDIA Corporation's dividend payout ratio (DPR) is presently 13.90%. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Investorplace.com and their article: "Why Nvidia Corporation Stock Has Plenty More Upside" published on November 16, 2017 as well as Seekingalpha.com's news article titled: "Basking In Its Own Brilliance: Nvidia" with publication date: November 20, 2017. The shares were sold at an average price of $213.44, for a total transaction of $3,201,600.00. Investors saw a positive move of 2.36% in last five trading days. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

When it comes to institutional holdings, taking a look at a public company's active positions is a useful way to understand how institutional investors view the value of the stock. The disclosure for this sale can be found here. Following the completion of the transaction, the insider now directly owns 136,199 shares in the company, valued at approximately $23,291,390.99.

Other hedge funds have also recently made changes to their positions in the company. This is a positive change from NVIDIA Corporation's previous quarterly dividend of $0.14. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker's stock valued at $117,000 after acquiring an additional 547 shares in the last quarter. After $0.33 actual earnings per share reported by MGM Resorts International for the previous quarter, Wall Street now forecasts -78.79% negative EPS growth. The Dock Street Asset Management Inc holds 70,116 shares with $10.14M value, up from 51,346 last quarter. In current trading day ADTRAN, Inc.

ADTRAN, Inc. (ADTN) stock moved with shift of 6.51% in the past week. Savant Capital LLC now owns 2,270 shares of the computer hardware maker's stock valued at $247,000 after buying an additional 60 shares in the last quarter. Evercore Wealth Management LLC grew its position in shares of NVIDIA Corporation by 36.9% in the 2nd quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker's stock worth $149,000 after acquiring an additional 415 shares during the period. Perhaps, that suggests something about why 66.96% of the outstanding share supply is held by institutional investors.

Nvidia Corporation focuses on personal computer graphics, graphics processing unit (GPU) and also on artificial intelligence (AI).

SunPower Corporation (NASDAQ:SPWR) operates in the Semiconductor - Specialized segment of the Technology sector.

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