Nvidia shares surge premarket after fourth quarter numbers surprise the market

Adjust Comment Print

UBS maintained NVIDIA Corporation (NASDAQ:NVDA) on Friday, January 6 with "Buy" rating. The stock is up 87 percent in the past 12 months through Thursday compared with the S&P 500's 12 percent gain. 387.15 million shares or 0.29% less from 388.29 million shares in 2017Q2 were reported. It increased, as 45 investors sold NVDA shares while 282 reduced holdings. Finally, Jefferies Group raised their target price on shares of NVIDIA from $180.00 to $230.00 and gave the company a "buy" rating in a report on Monday, October 23rd. Zevenbergen Capital Investments LLC grew its holdings in shares of NVIDIA by 957.5% in the third quarter.

With Nvidia GPU sales humming, demand continuing to outstrip supply and growth in its key markets, 2018 is showing signs of being a record year for the company, with continued upside for NVDA stock.

Nvidia shares are significantly outperforming the market. Ark Investment Management LLC now owns 126,769 shares of the computer hardware maker's stock valued at $18,326,000 after purchasing an additional 56,138 shares in the last quarter.

Miles Capital Inc. purchased a new stake in shares of NVIDIA Co. Oakbrook Invests Limited Liability has invested 0.4% in NVIDIA Corporation (NASDAQ:NVDA). Nordea Investment Management AB now owns 70,067 shares of the computer hardware maker's stock valued at $10,129,000 after purchasing an additional 792 shares in the last quarter. Institutional investors and hedge funds own 62.84% of the company's stock.

In other news, Director Persis Drell sold 606 shares of the company's stock in a transaction dated Wednesday, December 20th.

In reaction, the analyst maintains an Outperform rating on NVDA stock while hiking the price target from $250 to $280, which implies a close to 21% upside from current levels. Following the completion of the transaction, the director now owns 46,868 shares in the company, valued at $10,003,505.92.

Daniel S. Och increased its stake in Expedia Inc Del (Call) (EXPE) by 286.61% based on its latest 2017Q3 regulatory filing with the SEC. Stifel Nicolaus maintained the shares of NVDA in report on Wednesday, June 28 with "Hold" rating. The stock of Allegion plc (NYSE:ALLE) has "Outperform" rating given on Tuesday, January 19 by Bernstein. Company insiders own 5.82% of the company's stock. The disclosure for this sale can be found here. Cramer Rosenthal Mcglynn Llc who had been investing in Autozone Inc for a number of months, seems to be bullish on the $19.66B market cap company. "(NVDA)" was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. NVIDIA now has an average rating of "Buy" and an average target price of $201.49. According to today's trading volume NVIDIA Corporation is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. 50,000 NVIDIA Corporation (NASDAQ:NVDA) shares with value of $9.48M were sold by COXE TENCH. Based on 22 analysts polled in the last 3 months, 10 rate a Buy on Nvidia stock, 11 maintain a Hold, while 1 issues a Sell on the stock. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The firm has "Hold" rating given on Tuesday, November 3 by Needham.

Henrikh Mkhitaryan keen to forget about his time at Manchester United
Wenger had said , "You do not have to understand too much, you know, what you want is that everybody focuses to win the game". It's a bit early for me to tell you more about him - it's only one week.

NVIDIA Corporation (NASDAQ:NVDA) investors are enjoying a 6% bounce in shares today after the chip giant delivered outclasses across the board: on Data Center, Gaming, gross margins, and guidance. If the stock price is unchanged its weighted alpha will be smaller. Cramer Rosenthal Mcglynn Llc bought 32,155 shares as the company's stock declined 9.10% while stock markets rallied.

The chip maker reported fourth-quarter net income of US$1.12bn, or US$1.78 a share, compared with US$655mln, or 99 U.S. cents a share, a year ago.

Average Revenue Estimate of the company for the current Fiscal Quarter is $3.6 Billion, according to consensus of 6 analysts.

Nvidia failed to disclose its margins, but it doesn't takt rocket science to figure that one out.

-Earnings (Q4): $1.08 Bln. vs. $0.70 Bln. past year.

The only laggard was in the automotive business which saw a growth of less than 15% for the full year. JFS Wealth Advisors LLC grew its position in shares of NVIDIA by 156.3% in the fourth quarter. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. Shoquist Debora sold $6.34M worth of stock.

Comments