NVIDIA Q3 Revenue Up 18% to $2636M with $838M Profit

What Wall Street Thinks Of Nvidia's Huge Quarter

NVIDIA Corporation (NVDA) stock directed 193.48% toward a higher level throughout a year ago and swapped 7.53% toward a strong spot during past one month. RPXC's SI was 1.29 million shares in November as released by FINRA. It is positive, as 73 investors sold NVDA shares while 262 reduced holdings. The Levy Harkins & Company Inc holds 63,780 shares with $9.22 million value, down from 68,285 last quarter. Oppenheimer Asset Management Inc. increased its stake in NVIDIA Corporation by 17.8% during the 2nd quarter. Us Financial Bank De invested in 34,528 shares or 0.02% of the stock. Vanguard Group Inc. now owns 3,823,451 shares of the business services provider's stock worth $45,881,000 after purchasing an additional 167,421 shares in the last quarter.

The company now has an insider ownership of 0.5 Percent and Institutional ownership of 67.9 Percent. The stock has "Buy" rating by RBC Capital Markets on Wednesday, July 12. Meiji Yasuda Life Insurance Co increased its stake in NVIDIA Corporation by 9.9% during the 2nd quarter. The institutional investor held 1.71M shares of the transportation company at the end of 2017Q2, valued at $86.28 million, down from 1.76M at the end of the previous reported quarter. Recently, shares of NVIDIA Corporation (NASDAQ:NVDA) have been seen trading 49.99% away from the 200-day moving average and 16.29% off the 50-day moving average. NVIDIA Corporation has a one year low of $78.50 and a one year high of $215.77. Myriad Asset Management Ltd who had been investing in Nvidia Corp for a number of months, seems to be bullish on the $130.64 billion market cap company. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.54 and a current ratio of 2.54. New York State Teachers Retirement System invested 0.34% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA).

NVIDIA Corporation (NASDAQ:NVDA) reported its EPS in the last quarter as $0.92/Share beating the analyst estimate of $0.7/Share by a difference of $0.22. NVIDIA Corporation (NVDA) received interesting focus from Active Investors and it has been trading on front line as comparing to it past average volume. Sales came in $280 million higher than estimates at a record $2.64 billion.

Revenue from crypto-related products dropped by more than half to $70 million in the third quarter from $150 million in the prior period, Nvidia said on Thursday. Evercore Wealth Management LLC lifted its holdings in shares of NVIDIA Corporation by 36.9% during the second quarter. This represents a $0.60 dividend on an annualized basis and a yield of 0.29%. NVIDIA Corporation's payout ratio is now 16.05%. About 24.47M shares traded or 88.67% up from the average. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The insider Byron Michael sold $3.50 million. The shares were sold at an average price of $171.01, for a total value of $69,943.09. The disclosure for this sale can be found here. Looking back further, NVIDIA Corporation stock has been 60.54% over the last six months, and 92.36% since the start of the calendar year. BidaskClub lowered shares of RPX Corporation from a hold rating to a sell rating in a research report on Tuesday, August 1st. Rosenblatt Securities upped their price target on shares of NVIDIA Corporation from $180.00 to $250.00 and gave the company a "buy" rating in a research note on Friday. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of NVIDIA Corporation in a report on Saturday, September 23rd.

Among 44 analysts covering Nvidia Corporation (NASDAQ:NVDA), 25 have Buy rating, 5 Sell and 14 Hold.

After the earnings beat, Lipacis raised his price target from $230 to $240, which is about 13% higher than Nvidia's current price. Tocqueville Asset Management LP has 0.37% invested in NVIDIA Corporation (NASDAQ:NVDA). If you are viewing this piece of content on another site, it was illegally copied and republished in violation of USA and worldwide trademark and copyright laws.

NVIDIA's invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics and revolutionized parallel computing.

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