NVIDIA Corporation (NVDA) was Reiterated by MKM Partners to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 106 from a previous price target of $87 . MKM Partners advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on NVIDIA Corporation. Needham Upgraded NVIDIA Corporation on Nov 14, 2016 to ” Buy”, Price Target of the shares are set at $100.Company shares were Reiterated by Mizuho on Nov 11, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $66 .Company shares were Reiterated by RBC Capital Mkts on Nov 8, 2016 to “Outperform”, Firm has raised the Price Target to $ 80 from a previous price target of $72 .
On the company’s financial health, NVIDIA Corporation reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Nov 10, 2016. Analyst had a consensus of $0.68. The company had revenue of $2004.00 million for the quarter, compared to analysts expectations of $1691.72 million. The company’s revenue was up 53.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
NVIDIA Corporation opened for trading at $92.39 and hit $94.33 on the upside on Monday, eventually ending the session at $93.36, with a gain of 1.05% or 0.97 points. The heightened volatility saw the trading volume jump to 1,44,01,499 shares. Company has a market cap of $49,948 M.
Investors should note that on Nov 10, 2016, NVIDIA Corporation announced a cash dividend of $0.1400. The company’s management has announced Nov 23, 2016 as the ex-dividend date and fixed the record date on Nov 28, 2016. The payable date has been fixed on Dec 19, 2016.
In a different news, on Nov 21, 2016, James C Gaither (director) sold 35,000 shares at $92.25 per share price. According to the SEC, on Nov 14, 2016, Jen Hsun Huang (President and CEO) sold 41,666 shares at $68.52 per share price. On Nov 14, 2016, A Brooke Seawell (director) sold 35,000 shares at $87.74 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.