Published: Sat, November 11, 2017
Economy | By Shawn Conner

Nvidia shares set record as Volta chips ensure future growth

Nvidia is at an inflection point as data center customers switch to graphics processing units from central processing units, Rosenblatt Securities analyst Hans Mosesmann said in a report. Of the analysts who provided ratings, 8 rated the company a Hold, 3 rated it a Strong Sell, 2 rated it a Moderate Buy, and 14 rated it a Strong Buy. 511,881 are held by Ajo L P. Hancock Company has invested 0.01% of its portfolio in RPX Corp (NASDAQ:RPXC). At the moment, the average analyst rating for NVDA is Hold. Finally, Nomura upgraded shares of NVIDIA Corporation from a "reduce" rating to a "neutral" rating and set a $190.00 price target on the stock in a research note on Friday. RPX Corporation has a 52-week low of $10.20 and a 52-week high of $15.15. (NASDAQ:OMCL) on Tuesday, December 6 with "Buy" rating.

The semiconductor giant posted non-GAAP earnings of $1.33 on record revenue of $2.64 billion.

NVIDIA Corporation (NVDA) has a Return on Assets of 23.9 percent, Return on Investment of 19.8 percent and a Return on Equity of 39.4 percent.

The company last reported its quarterly results on Nov 09 AMC. The business services provider reported $0.22 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.17 by $0.05.

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The company forecast fourth-quarter revenue of $2.65 billion, plus or minus 2 percent, which translates to a range of $2.60 billion to $2.70 billion.

For the current quarter, Nvidia expects sales to rise 22% year over year to $2.65 billion, topping views.

The graphic processing unit maker said in the third quarter, net income came in at US$838mln or US$1.33 a share, compared with US$542mln or 83 U.S. cents a share, a year ago.

Nvidia late Thursday said it earned $1.33 a share, up 60% year over year, on sales of $2.64 billion, up 32%, in its quarter ended October 29.

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COPYRIGHT: "Nvidia Corp. (NVDA) Coverage Initiated by Analysts at Loop Capital" was originally published by Us and is the propert of of Us. If you are accessing this news story on another website, it was illegally copied and republished in violation of United States & worldwide copyright & trademark law. Baldwin Brothers Ma accumulated 200 shares or 0% of the stock. More recently, GPU deep learning ignited modern AI - the next era of computing - with the GPU acting as the brain of computers, robots and self-driving cars that can perceive and understand the world. It also increased its holding in Proshares Tr (TBT) by 75,000 shares in the quarter, for a total of 250,000 shares, and has risen its stake in Intrexon Corp (NYSE:XON). The ex-dividend date is Friday, November 17th. NVIDIA Corporation's dividend payout ratio is 15.86%. Vanguard Group Inc. lifted its position in shares of NVIDIA Corporation by 7.1% during the 2nd quarter. 3,107 shares were sold by SEAWELL A BROOKE, worth $434,980.

Nvidia shares were up 5.7%, near 217, in morning trading on the stock market today. The insider Shoquist Debora sold $9.23 million. About 16.66M shares traded or 28.45% up from the average. The company has 592.09 Million shares outstanding and 573.18 Million shares were floated in market. The disclosure for this sale can be found here. Puri Ajay K sold $11.46 million worth of stock or 81,931 shares.

A number of hedge funds have recently made changes to their positions in the stock. The Hugh Johnson Advisors Llc holds 67,026 shares with $9.69 million value, down from 84,450 last quarter. Evanston Investments Inc Dba Evanston Advsrs holds 0.1% or 2,768 shares in its portfolio. Massachusetts Financial Services Co.

The company now has an insider ownership of 0.5 Percent and Institutional ownership of 67.9 Percent. Checking out a company's current profit margin, for example, lets us know about how much of its total sales revenue was kept as earnings - which we find by taking net income and dividing it by total sales revenue. Pub Employees Retirement Association Of Colorado has 103,330 shares. Jennison Associates LLC now owns 12,844,514 shares of the computer hardware maker's stock valued at $880,106,000 after buying an additional 3,441,948 shares during the period.

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Rockland Trust Co holds 3.11% of its portfolio in Independent Bank Corp for 501,698 shares. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker's stock valued at $827,110,000 after acquiring an additional 463,306 shares during the last quarter.

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