Published: Fri, November 10, 2017
Markets | By Rosalie Gross

Investor's Alert (RSI Analysis) - NVIDIA Corporation (NASDAQ: NVDA)

Investor's Alert (RSI Analysis) - NVIDIA Corporation (NASDAQ: NVDA)

Analysts set a 12-month price target of $172.08 a share. NVIDIA Corporation's beta is 1.20 whilst the stock has an average true range (ATR) of 4.17. Needham & Company LLC reissued a "buy" rating on shares of NVIDIA Corporation in a research note on Friday, August 11th. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 76,410 shares in the quarter, leaving it with 472,740 shares, and cut its stake in Zillow Group Inc. Finally, Canaccord Genuity reissued a "buy" rating and issued a $155.00 price target on shares of NVIDIA Corporation in a research note on Monday, July 17th.

NVIDIA shares were mostly flat in after-hours trading Thursday immediately following the earnings release.

Among 3 analysts covering Avolon Holdings Ltd (NYSE:AVOL), 1 have Buy rating, 0 Sell and 2 Hold. The stock has a consensus rating of "Hold" and an average target price of $166.93.

NVIDIA Corporation (NASDAQ NVDA) opened at $204.14 on Monday. The company has a quick ratio of 6.99, a current ratio of 7.82 and a debt-to-equity ratio of 0.33. A low price-to-sales ratio, typically less than 1.0, is considered a good value. Millennium Mgmt Ltd Liability reported 0.02% in NVIDIA Corporation (NASDAQ:NVDA).

Meanwhile, the shares sold off sharply following the company's earnings report in mid-August - shedding 5.3% in the subsequent session - but have enjoyed a positive earnings reaction after six of the last eight releases. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since November 9, 2016 and is uptrending.

NVIDIA Corporation (NVDA) is expected to post revenue of $2.11 Billion in the current quarter, according to consensus of 26 analysts. During the same period in the prior year, the firm posted $0.53 EPS. analysts forecast that NVIDIA Corporation will post 3.61 EPS for the current fiscal year.

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Wall Street was looking for earnings of 94 cents per share on revenue of $2.36 billion.

ILLEGAL ACTIVITY WARNING: This article was originally reported by Week Herald and is the sole property of of Week Herald. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & worldwide copyright legislation. The stock of Sealed Air Corp (NYSE:SEE) has "Hold" rating given on Wednesday, April 19 by Jefferies.

In other NVIDIA Corporation news, insider Michael Byron sold 409 shares of the business's stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $162.24, for a total transaction of $2,641,429.44. Following the completion of the sale, the insider now owns 136,199 shares in the company, valued at $23,291,390.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The stock was sold at an average price of $189.62, for a total value of $9,481,000.00. The disclosure for this sale can be found here.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock.

Several large investors have recently made changes to their positions in NVDA. TB Alternative Assets Ltd. bought a new stake in NVIDIA Corporation during the 2nd quarter worth approximately $116,000. Ameriprise Financial Inc. raised its position in shares of NVIDIA Corporation by 8.8% in the second quarter. The stock recovered 217.6% since its low point and has performed 98.64% year-to-date. Janus Capital Management LLC raised its position in shares of NVIDIA Corporation by 20.0% in the first quarter. Finally, Thompson Davis & CO. Nvidia also said it will increase its dividend from 14 cents to 15 cents per share. Inc. now owns 822 shares of the computer hardware maker's stock worth $119,000 after acquiring an additional 6 shares in the last quarter. Mitsubishi Ufj Securities Holdings Company who had been investing in Nvidia Corp for a number of months, seems to be bullish on the $121.56B market cap company. There was a higher demand from large-scale customers working on artificial intelligence, according to Nvidia. The Company's operates through two segments: GPU and Tegra Processor.

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