NVIDIA Corporation (NVDA) is Initiated by Mizuho to Buy, Price Target at $60

NVIDIA Corporation (NVDA) was Initiated by Mizuho to “Buy” and the brokerage firm has set the Price Target at $60. Mizuho advised their investors in a research report released on Jul 15, 2016.

Many Wall Street Analysts have commented on NVIDIA Corporation. NVIDIA Corporation was Downgraded by Wells Fargo to ” Underperform” on Jul 15, 2016. Company shares were Reiterated by RBC Capital Mkts on Jun 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 47 from a previous price target of $40 .Company shares were Reiterated by Canaccord Genuity on Jun 16, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $45 .

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 -0.02 points or -0.04% at $52.78 with 81,15,130 shares getting traded on Wednesday. Post opening the session at $52.9, the shares hit an intraday low of $52.7 and an intraday high of $53.2 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jun 20, 2016, A Brooke Seawell (director) sold 5,142 shares at $47.01 per share price. According to the SEC, on Jun 14, 2016, Jen Hsun Huang (President and CEO) sold 40,000 shares at $46.49 per share price. On May 25, 2016, Mark A Stevens (director) sold 150,000 shares at $45.40 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.

NVIDIA Corporation

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