NVIDIA Corporation (NVDA) PT Raised to $217.00 at Goldman Sachs Group, Inc

Lloyd Doyle
October 13, 2017

Previously on 9/29/2017, Citigroup released a statement about NVIDIA (NASDAQ:NVDA) increased the target price from $185.00 to $210.00. Stifel Nicolaus increased their target price on NVIDIA to $90.00 in a report on Friday, February 10th. Mizuho increased their target price on NVIDIA from $115.00 to $130.00 and gave the stock a buy rating in a report on Friday, February 10th. Six analysts rating the company a strong buy, seven analysts rating the company a buy, twelve analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $42.00. The stock now has an average rating of "Hold" and a consensus price target of $159.23.

Vetr upgraded shares of NVIDIA Co.

The first growth driver for data center from Gill's eyes points to "Expanding high-performance computing into new markets outside of the traditional niche markets", as the analyst predicts companies like Lyft or Uber may rely on supercomputers for driving decisions. The company now has a consensus rating of "Hold" and an average price target of $157.88.

Nvidia shares will soar due to the company's booming chip sales in new high-growth technology markets, according to a one Wall Street firm. 388.29 million shares or 4.10% less from 404.87 million shares in 2017Q1 were reported.

Nvidia shares have rallied almost 190 percent during the previous 12 months through Thursday, compared with the market's 20 percent gain. The firm's 50-day moving average price is $175.31 and its 200 day moving average price is $147.71. The stock has a market capitalization of $114.62 billion, a P/E ratio of 54.94 and a beta of 1.28. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since October 13, 2016 and is uptrending. For now, the analyst looks for data center to yield $1.7 billion in fiscal 2018, $2.1 billion in fiscal 2019, and $2.8 billion in fiscal 2020 "could prove conservative addressing $30BN TAM". NVIDIA had a return on equity of 34.13% and a net margin of 23.82%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the business posted $0.53 EPS. On average, equities research analysts forecast that NVIDIA Corporation will post $3.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Thursday, August 24th were paid a dividend of $0.14 per share. The ex-dividend date was Tuesday, August 22nd. NVIDIA Corporation's dividend payout ratio is now 15.86%.

In other news, Director A Brooke Seawell sold 32,820 shares of the business's stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $171.01, for a total transaction of $69,943.09. Institutional investors own 65.79% of the company's stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jen Hsun Huang sold 110,000 shares of NVIDIA Corporation stock in a transaction dated Wednesday, September 6th. Crow Point Ptnrs Ltd Company accumulated 593 shares. The disclosure for this sale can be found here. Insiders own 5.82% of the company's stock.

Several other research analysts have also recently commented on NVDA. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker's stock worth $2,715,000 after buying an additional 2,836 shares during the period. Cibc World Markets Corp lifted its holdings in NVIDIA Corporation by 12.1% during the 2nd quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker's stock worth $117,000 after purchasing an additional 547 shares in the last quarter. Coconut Grove Bank boosted its position in NVIDIA by 683.9% in the first quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker's stock worth $1,600,000 after buying an additional 1,000 shares during the period. MPS Loria Financial Planners LLC acquired a new position in shares of NVIDIA Corporation during the 2nd quarter worth approximately $177,000. Hanson McClain Inc. now owns 881 shares of the computer hardware maker's stock worth $127,000 after buying an additional 99 shares during the period.

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI).

"We've already seen tangible evidence of pervasive GPU [graphics processing unit] adoption across all the major cloud / Hyperscale OEMs as well major enterprise vendors such as Oracle and SAP using NVDA's Volta AI platform for machine learning".

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