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Principale » Canaccord Genuity Reiterates "Buy" Rating for NVIDIA Corporation (NASDAQ:NVDA)

Canaccord Genuity Reiterates "Buy" Rating for NVIDIA Corporation (NASDAQ:NVDA)

03 Juillet 2017

The lowest EPS estimate is $0.66 and the highest is $0.72. During the same period in the prior year, the company posted $0.46 EPS. Analysts anticipate that NVIDIA Corporation will post $3.09 earnings per share for the current fiscal year. Finally, Raymond James Financial, Inc. reaffirmed an "outperform" rating and issued a $175.00 price target on shares of NVIDIA Corporation in a research report on Friday, June 16th. The computer hardware maker reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.16. The company posted earnings of $1.94 B for the period, compared with brokerage expectations of $1.91 B. for the same quarter previous year, firm reported $0.46 Earnings Per Share. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. NVIDIA Corporation's quarterly revenue was up 48.7% compared to the same quarter past year. Nomura Asset Management Co.

A number of equities analysts have recently weighed in on NVDA shares. Bank of America Corporation reaffirmed a "buy" rating and issued a $185.00 price target (up from $155.00) on shares of NVIDIA Corporation in a research report on Friday, June 9th. On Monday, February 6 the stock rating was downgraded by Roth Capital to "Neutral". Lastly, Barclays reiterated a hold recommendation and gave a $90.00 target price on the stock of NVIDIA Corporation in a note on Tue, Feb 7th. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company's stock. The company has a consensus rating of Hold and a consensus target price of $123.99.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of U.S. and global copyright legislation. The original version of this piece of content can be read at https://www.themarketsdaily.com/2017/07/03/nvidia-co-nvda-receives-buy-rating-from-canaccord-genuity-updated-updated.html. Quadrant Capital Group LLC now owns 1,055 shares of the computer hardware maker's stock worth $105,000 after buying an additional 157 shares during the last quarter. The stock has a market capitalization of $86.01 billion, a price-to-earnings ratio of 48.53 and a beta of 1.24. While the company's share hit the 52 week high on 06/09/17 stationing the value of $168.50. If we take a long term observation, shares have been trading at a distance of 40.58% from the 200-day moving average.

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Also, the company announced dividend for the quarter, to be paid on early Wed, Jun 14th. Shareholders of record on Tuesday, May 23rd were issued a dividend of $0.14 per share. The ex-dividend date was Friday, May 19th. NVIDIA Corporation's yield is presently 18.60%. Byron Michael also sold $76,565 worth of NVIDIA Corporation (NASDAQ:NVDA) shares. The shares were sold at an average price of $129.48, for a total transaction of $6,474,000.00. The information was declared in a document with the Security and Exchange Commission, which is available through the Security and Exchange Commission website. Also, Director Tench Coxe sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, May 11th. Following the transaction, the director now directly owns 30,762 shares of the company's stock, valued at approximately $4,640,140.08. The disclosure for this sale can be found here. Insiders sold a total of 522,282 shares of company stock valued at $78,275,082 over the last ninety days. Company insiders own 5.82% of the company's stock.

Institutional investors have recently modified their holdings of the company. Wetherby Asset Management Inc. boosted its stake in NVIDIA Corporation by 0.5% in the fourth quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker's stock valued at $132,000 after buying an additional 1,060 shares in the last quarter. Ltd. boosted its stake in NVIDIA Corporation by 733.3% in the first quarter. The Whale Rock Capital Management Llc holds 490,199 shares with $52.32M value, up from 405,026 last quarter. Quadrant Capital Group LLC increased its stake in shares of NVIDIA Corporation by 17.5% in the first quarter. Ameriprise Financial Inc. increased its stake in shares of NVIDIA Corporation by 46.6% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker's stock worth $117,000 after buying an additional 547 shares during the last quarter. Savant Capital increased its position in NVIDIA Corporation by 2.7% in the Q1.

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Firm operates through two divisions: Medical Devices and Surgical and Infection Prevention. The Company's GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

Canaccord Genuity Reiterates