Brokerage firm Nomura Downgrades its rating on NVIDIA Corporation(NVDA). In a research note issued to the investors, the brokerage major Announces the price-target to $90 per share. The shares have been rated Sell. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Nomura was issued on Feb 22, 2017 in a research report to their Investors and Clients.
In a different note, On Feb 6, 2017, Roth Capital said it Downgrades its rating on NVIDIA Corporation. The shares have been rated ‘Neutral’ by the firm. On Dec 20, 2016, Mizuho said it Maintains its rating on NVIDIA Corporation. According to the research note, Mizuho Raises the price target to $115 per share from a prior target of $80. The shares have been rated ‘Buy’ by the firm. On Dec 14, 2016, Evercore ISI Group said it Upgrades its rating on NVIDIA Corporation. In the research note, the firm Announces the price-target to $120 per share. The shares have been rated ‘Buy’ by the firm. Loop Capital said it Initiates Coverage On NVIDIA Corporation, according to a research note issued on Dec 13, 2016. In the research note, the firm Announces the price-target to $109 per share. The shares have been rated ‘Buy’ by the firm.
NVIDIA Corporation (NVDA) shares turned negative on Wednesdays trading session with the shares closing down -0.31 points or -0.28% at a volume of 1,08,44,256. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $111.8. The peak price level was also seen at $111.8 while the days lowest was $109.99. Finally the shares closed at $110.76. The 52-week high of the shares is $120.92 while the 52-week low is $30.6. According to the latest information available, the market cap of the company is $59,700 M.
NVIDIA Corporation(NVDA) last announced its earnings results on Feb 9, 2017 for Fiscal Year 2017 and Q4.Company reported revenue of $2.173B. Analysts had an estimated revenue of $2.100B. Earnings per share were $1.13. Analysts had estimated an EPS of $0.83.
Several Insider Transactions has been reported to the SEC. On Feb 13, 2017, Jen Hsun Huang (President and CEO) sold 41,666 shares at $114.54 per share price.Also, On Dec 29, 2016, Tench Coxe (director) sold 50,000 shares at $116.70 per share price.On Dec 16, 2016, A Brooke Seawell (director) sold 3,106 shares at $96.90 per share price, according to the Form-4 filing with the securities and exchange commission.
NVIDIA Corporation (NVIDIA) is engaged in visual computing enabling individuals to interact with digital ideas data and entertainment. The Company is engaged in creating NVIDIA-branded products and services offering its processors to original equipment manufacturers (OEMs) and licensing its intellectual property. NVIDIA-branded products and services are visual computing platforms that address four markets: Gaming Enterprise High Performance Computing & Cloud and Automotive. The Company operates in two segments: Graphics Processing Unit (GPU) and Tegra Processor. The Company’s GPU product brands include GeForce for gamers; Quadro for designers; Tesla for researchers learning and big-data analysts; and GRID for cloud-based visual computing users. The Company’s Tegra processors are primarily designed to enable its branded platforms: DRIVE and SHIELD.