NVIDIA Corporation (NVDA) Gets a Price Target Boost from Christopher Rolland

Nvidia Corp shares on the uptick after third quarter results beat market consensus

After gapping open sharply higher, shares of Nvidia (NVDA) have seen some further upside during trading on Friday. $8.23 million worth of NVIDIA Corporation (NASDAQ:NVDA) was sold by COXE TENCH.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 9th.

The company now has an insider ownership of 0.5 Percent and Institutional ownership of 67.9 Percent. The company has market cap of $1.87 billion. Puri Ajay K sold $11.46M worth of NVIDIA Corporation (NASDAQ:NVDA) on Tuesday, May 23. Also, Director A Brooke Seawell sold 35,000 shares of the company's stock in a transaction that occurred on Monday, November 14th. The Company's operates through two divisions: GPU and Tegra Processor. Suntrust Banks holds 0.03% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 43,696 shares. The Southpoint Capital Advisors Lp holds 2.35 million shares with $70.08 million value, down from 3.00M last quarter.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Finance.Yahoo.com which released: "NVIDIA Corporation (NVDA) Earnings Destroy Expectations" on November 09, 2017, also Investorplace.com with their article: "Nvidia Corporation Stock: Into the Fog of Greater Profit" published on November 07, 2017, Seekingalpha.com published: "Nvidia Portfolio Update" on November 09, 2017. The stock rose 5.57% or $11.43 reaching $216.75. The company holds 592.09 million outstanding shares and 573.18 million shares are floating in market. Strs Ohio reported 314,830 shares or 0.2% of all its holdings.

Vanguard Group Inc. increased its stake in Nvidia Corp.by 1.3% in the second quarter. The stock has a market capitalization of $123,192.01, a price-to-earnings ratio of 50.57, a P/E/G ratio of 5.07 and a beta of 1.23.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. Washington Trust accumulated 0.02% or 4,481 shares. Bank of America Corp (NYSE:BAC) has risen 58.64% since November 10, 2016 and is uptrending. Janney Montgomery Scott Limited Liability Company owns 0.05% invested in NVIDIA Corporation (NASDAQ:NVDA) for 29,316 shares. Moreover, Shamrock Asset Mngmt Lc has 0.04% invested in NVIDIA Corporation (NASDAQ:NVDA). The Kentucky-based Kentucky Retirement System Insur Trust Fund has invested 0.42% in NVIDIA Corporation (NASDAQ:NVDA).


Cryptocurrencies have been a boon for Nvidia's graphics processing units, which are prominent in gaming and machine learning.

Out of 37 brokerages covering the stock, 20 have a "buy" or higher rating; 14 on "hold" and 3 on "sell" or lower. Therefore 56% are positive. It has a 22.56 P/E ratio. Morgan Stanley raised their price target on NVIDIA Corporation from $168.00 to $210.00 and gave the stock an equal weight rating in a research note on Monday, November 6th. Old Second National Bank Of Aurora reported 568 shares.

Revenue from the business, Nvidia's second-biggest revenue contributor, more than doubled to $501 million in the quarter and easily beat analysts' estimate of $474.2 million, according to Thomson Reuters I/B/E/S. 70 are owned by St Johns Investment Management Co Ltd Liability. Mizuho reiterated a "buy" rating and issued a $180.00 price objective (up from $170.00) on shares of NVIDIA Corporation in a research report on Friday, August 11th. The rating was maintained by RBC Capital Markets with "Buy" on Friday, October 27. Royal Bancshares Of Canada owns 527,639 shares or 0.04% of their USA portfolio. The firm has "Outperform" rating by Evercore given on Friday, September 15. Roth Capital upgraded the shares of NVDA in report on Friday, August 7 to "Buy" rating.

Since May 11, 2017, it had 0 insider buys, and 1 sale for $127,010 activity. The firm has "Outperform" rating by Wedbush given on Thursday, April 21.

The stock decreased 0.22% or Euro 0.45 on November 10, reaching Euro 199.85. Shoquist Debora had sold 63,717 shares worth $9.23 million. Considering that the stock daily volume of 24.46 million shares, this represents a pretty noteworthy trading in volume size. It is up 57.70% since November 11, 2016 and is downtrending.

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