Nvidia reports strong Q1 results, revenue up 66 percent

Nvidia reports strong Q1 results, revenue up 66 percent

Nvidia reports strong Q1 results, revenue up 66 percent

Over the last three months, the shares of the company have changed 19.59% and performed 22.69% over the last six months. Northland Capital initiated Shire plc (NASDAQ:SHPG) rating on Wednesday, October 14. HSBC upgraded Shire plc (NASDAQ:SHPG) on Wednesday, September 30 to "Hold" rating. On Friday, January 12 the rating was maintained by Citigroup with "Buy". The firm has "Buy" rating by SunTrust given on Friday, February 9. First Interstate National Bank has invested 0% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). The results also came with a warning: Sales of graphics cards to cryptocurrency miners, which was a significant contributor in the both revenue and average selling price, are likely to drop with Nvidia predicting a loss in demand of two-thirds for the next quarter - good news for gamers, who may see an end to stock shortages and sky-high pricing, but not so healthy for Nvidia's bottom line. The computer hardware maker reported $2.05 EPS for the quarter, beating the Zacks' consensus estimate of $1.47 by $0.58. NVIDIA Corporation's RSI is presently sitting at 62.70. 8,821,971 shares of the company's stock traded hands, compared to its average volume of 10,874,509. About 29.35M shares traded or 96.32% up from the average.

For more NVIDIA Corporation (NASDAQ:NVDA) news brought out briefly go to: Livetradingnews.com, Streetinsider.com, Seekingalpha.com, Globenewswire.com or Benzinga.com. Barclays lifted their price objective on Nvidia to $300.00 and gave the stock an "overweight" rating in a research report on Friday. Therefore 59% are positive.

Nvidia traded up $3.40, hitting $259.18, during trading hours on Thursday, according to Marketbeat. On Monday, January 15 Mizuho maintained NVIDIA Corporation (NASDAQ:NVDA) with "Buy" rating. They set a "neutral" rating and a $250.00 price objective on the stock. On Friday, November 17 the stock rating was maintained by RBC Capital Markets with "Buy".

Nvidia shares have increased 34 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 2 percent. The rating was maintained by Bernstein with "Buy" on Thursday, February 8.

West Branch Capital LLC acquired a new position in shares of Nvidia (NASDAQ:NVDA) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). On Tuesday, April 3 the firm has "Buy" rating by Bank of America given. The stock has "Buy" rating by Jefferies on Thursday, September 17. The Santa Clara, California-based company itself had provided guidance of $2.90 billion in revenue, plus or minus 2 percent.

Many analysts have provided their estimated foresights on NVIDIA Corporation Earnings, with 21 analysts believing the company would generate an Average Estimate of $1.45. NVIDIA Corporation (NVDA) has risen 108.33% since May 11, 2017 and is uptrending. (AMD) and Weatherford International Plc (WFT)" with publication date: "May 10, 2018. The insider Shoquist Debora sold $7.67M. 40,359 shares valued at $9.91 million were sold by GAITHER JAMES C on Thursday, February 15. PERRY MARK L had sold 17,307 shares worth $3.94M on Monday, February 12. 606 shares valued at $119,427 were sold by Drell Persis on Wednesday, December 20. 103 shs valued at $23,496 were sold by Byron Michael on Friday, March 2. The company has a market capitalization of $155.27 billion, a price-to-earnings ratio of 55.00, a PEG ratio of 4.10 and a beta of 1.52. Valley National Advisers owns 126 shares. Microsoft Corporation (NASDAQ:MSFT) was raised too.

Investors sentiment decreased to 1.21 in 2017 Q4. Sg Americas Ltd Liability invested in 65,300 shares. 113 funds opened positions while 321 raised stakes. Funds hold 363.65 million shares thus 6.07% less from 2017Q3's 387.15 million shares. Lourd Capital Ltd Llc holds 6,241 shares. Gemmer Asset Mngmt Lc owns 209 shares for 0.01% of their portfolio. Amalgamated Bancorp invested in 75,758 shares or 0.4% of the stock.

NVIDIA Corporation's insider ownership stands at 0.5 percent, while its insider transaction is -3.66 percent.

Related news