NVIDIA Corporation (NVDA) was Upgraded by Nomura to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Nomura advised their investors in a research report released on Jun 13, 2016.
Many Wall Street Analysts have commented on NVIDIA Corporation. NVIDIA Corporation was Initiated by Goldman to “Buy” on Jun 2, 2016. Company shares were Reiterated by RBC Capital Mkts on May 13, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 40 from a previous price target of $36 .Company shares were Reiterated by Wedbush on May 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 42 from a previous price target of $38 .
On the company’s financial health, NVIDIA Corporation reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 12, 2016. Analyst had a consensus of $0.41. The company had revenue of $1305.00 million for the quarter, compared to analysts expectations of $1264.72 million. The company’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
NVIDIA Corporation closed down -1.18 points or -2.49% at $46.2 with 1,00,00,592 shares getting traded on Friday. Post opening the session at $46.82, the shares hit an intraday low of $46.14 and an intraday high of $47.24 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on May 25, 2016, Mark A Stevens (director) sold 150,000 shares at $45.40 per share price. According to the SEC, on May 23, 2016, Michael Byron (Principal Accounting Officer) sold 19,347 shares at $43.38 per share price. On May 17, 2016, David M Shannon (EVP, CAO & Secretary) sold 271,049 shares at $42.07 per share price, according to the Form-4 filing with the securities and exchange commission.
NVIDIA Corporation (NVIDIA) is engaged in visual computing enabling individuals to interact with digital ideas data and entertainment. The Company is engaged in creating NVIDIA-branded products and services offering its processors to original equipment manufacturers (OEMs) and licensing its intellectual property. NVIDIA-branded products and services are visual computing platforms that address four markets: Gaming Enterprise High Performance Computing & Cloud and Automotive. The Company operates in two segments: Graphics Processing Unit (GPU) and Tegra Processor. The Company’s GPU product brands include GeForce for gamers; Quadro for designers; Tesla for researchers learning and big-data analysts; and GRID for cloud-based visual computing users. The Company’s Tegra processors are primarily designed to enable its branded platforms: DRIVE and SHIELD.