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Cryptocurrency Revenue Plunges For NVIDIA Corporation (NVDA)

12 November 2017, 01:41 | Lionel James

Nvidia Corp shares on the uptick after third quarter results beat market consensus

Nvidia Reports Big Q3 Earnings Beat Record Sales

This is a positive change from NVIDIA Corporation's previous quarterly dividend of $0.14. Institutional investors and hedge funds own 84.11% of the company's stock. Greenwood Capital Associates Llc bought 25,852 shares as the company's stock declined 6.13% while stock markets rallied. TB Alternative Assets Ltd. acquired a new position in NVIDIA Corporation in the 2nd quarter valued at $116,000. Evercore Wealth Management LLC raised its position in NVIDIA Corporation by 36.9% in the 2nd quarter. Proficio Capital Partners LLC increased its stake in shares of NVIDIA Corporation by 186.1% in the first quarter. The stock has "Buy" rating by Jefferies on Thursday, June 1.

NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, November 9th. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker's stock valued at $271,000 after acquiring an additional 33 shares during the period.

NVIDIA Corporation (NASDAQ:NVDA) investors were thrilled to see the chip giant's third quarter's execution soared, which has Susquehanna analyst Christopher Rolland cheering the company's most valued players of its earnings showcase: Data Center and Gaming. The stock had a trading volume of 31,197,127 shares, compared to its average volume of 12,832,994. RBC Capital Markets maintained the shares of NVDA in report on Tuesday, May 30 with "Buy" rating.

With a total market value of $0, Nvidia Corporation has price-earnings ratio of 59.48 with a one year low of $66.57 and a one year high of $207.89. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.39.

For the upcoming fourth quarter, Nvidia issued a guidance of $2.65 billion for their revenue and added that it will return $1.25 billion back to its shareholders and raise dividends from 7% to 15%. The firm's revenue was up 31.5% compared to the same quarter a year ago. Needham & Company LLC reiterated a "buy" rating on shares of NVIDIA Corporation in a research report on Friday, August 11th.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. The ex-dividend date is Wednesday, November 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.53%. Umb Natl Bank N A Mo has invested 0.09% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). NVIDIA Corporation's dividend payout ratio (DPR) is 13.90%.

A number of other equities research analysts also recently weighed in on NVDA.

Demonetisation anniversary: Rahul to lead Surat stir
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A total of 18 analysts have released a research note on Nvidia Corporation. Canaccord Genuity reaffirmed a "buy" rating and issued a $180.00 target price (up from $155.00) on shares of NVIDIA Corporation in a research note on Monday, July 24th. Pacific Crest maintained the shares of NVDA in report on Tuesday, August 4 with "Equal Weight" rating.

At least 14 analysts raised their price target on the stock.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 42.1%, and has a solid year to date (YTD) performance of 92.36% which means that the stock is constantly adding to its value from the previous fiscal year end price. Fairfield Bush And Company holds 3,500 shares or 0.16% of its portfolio. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. SEAWELL A BROOKE had sold 3,107 shares worth $434,980.

The company's shares were up 2.5 percent in extended trading on Thursday. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 452,784 shares of company stock worth $81,437,724. The stock rose 5.57% or $11.43 reaching $216.75.

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Rodolfo Campos uses a virtual reality headset during a NASA Hybrid Reality Lab demonstration at the NVIDIA GPU Technology Conference, which showcases artificial intelligence, deep learning, virtual reality and autonomous machines, in Washington, DC, November 1, 2017. The Firm operates through its subsidiary, Rockland Trust Company. 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 visual computing users.



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