Chipmaker Nvidia's revenue surges 65.6 pct

Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei Taiwan

NVIDIA Corporation (NVDA) stock is now trading 23.88% away from its average-price of 200 days while it maintained a distance of 9.16% from its 50 Days Moving Average and 10.77% compared with the 20 Day Moving Average. The stock has a market cap of $144,195.45, a PE ratio of 50.61, a PEG ratio of 3.80 and a beta of 1.51. The company has a current ratio of 8.03, a quick ratio of 7.34 and a debt-to-equity ratio of 0.27. RBC Capital Markets maintained the stock with "Buy" rating in Tuesday, February 6 report.

"At the heart of our opportunity is the incredible growth of computing demand of A.I., just as traditional computing has slowed", said Jensen Huang, chief executive of Nvidia, which forecast revenue of $3.10 billion in the second quarter. Global Trust Asset Management LLC acquired a new position in Nvidia in the 4th quarter worth about $116,000. FBR Capital maintained the shares of NVDA in report on Monday, March 19 with "Buy" rating. LLC now owns 616,045 shares of the computer hardware maker's stock valued at $119,205,000 after buying an additional 342,038 shares in the last quarter. NVIDIA has $305.0 highest and $220.0 lowest target. Finally, Deutsche Bank lifted their target price on Nvidia from $205.00 to $230.00 and gave the stock a "hold" rating in a research report on Friday, February 9th. GAITHER JAMES C sold $9.91M worth of stock or 40,359 shares. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker's stock worth $123,000 after purchasing an additional 255 shares during the last quarter.

ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. The shares were sold at an average price of $245.67, for a total value of $9,914,995.53. The firm purchased 5,791 shares of the computer hardware maker's stock, valued at approximately $1,341,000.

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The U.S. company best known for chips that enhance video game graphics has diversified into an array of businesses including artificial intelligence, self-driving cars and digital mining, but investors are most concerned with its inroads in the market for cloud computing. The shares were sold at an average price of $239.45, for a total transaction of $7,674,133.05. The institutional investor held 74,032 shares of the semiconductors company at the end of 2017Q4, valued at $14.33M, down from 128,812 at the end of the previous reported quarter.

More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Seekingalpha.com and their article: "Upcoming Earnings: Nvidia Reports After Thursday's Close" published on May 09, 2018 as well as Benzinga.com's news article titled: "Morgan Stanley Previews Semi Earnings, Expects Strong Nvidia Results Despite Crypto Concerns" with publication date: May 04, 2018. The disclosure for this sale can be found here. Royal Bank of Canada reiterated an "outperform" rating and issued a $285.00 target price (up from $280.00) on shares of Nvidia in a report on Wednesday, March 14th. PERRY MARK L sold $3.94 million worth of stock or 17,307 shares. During the same quarter past year, the firm posted $1.13 earnings per share.

Chief Financial Officer Colette Kress said that the company expects cryptocurrency-related revenue to fall 65 percent to about $100 million in the next quarter. To put demand from the crypto sector into some perspective, Nvidia's Professional Visualisation activities nearly matched it by raking in $251 in that time, while the firm's datacenter department saw over $700m in revenue.

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