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Nvidia beats Q3 expectations as data center sales climbs

10 November 2017, 01:51 | Austin Hogan

Nvidia beats Q3 expectations as data center sales climbs

Nvidia beats Q3 expectations as data center sales climbs

Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker's stock valued at $110,000 after purchasing an additional 206 shares in the last quarter. A falling ROA is nearly always a problem, but investors and analysts should also know that the ROA does not account for outstanding liabilities and may signpost a greater profit level than actually derived. Evercore Wealth Management LLC raised its holdings in shares of NVIDIA Corporation by 36.9% during the second quarter. Another trade for 2,500 shares valued at $325,048 was sold by Drell Persis.

NVIDIA Corporation is the worldwide leader in graphics processors and media communications devices. NVIDIA Corporation (NASDAQ:NVDA) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. Inc. now owns 822 shares of the computer hardware maker's stock valued at $119,000 after purchasing an additional 6 shares in the last quarter. Needham & Company LLC restated a "buy" rating on shares of NVIDIA Corporation in a report on Friday, August 11th. Corporations that acquires a higher P/E ratio are usually growth stocks. The stock of NVIDIA Corporation (NASDAQ:NVDA) has "Buy" rating given on Monday, October 16 by Mizuho. Overall, 12.98 Million shares exchanged hands versus its average trading volume of 15.37 Million shares. Nvidia Corp. has a one year low of $24.75 and a one year high of $96.62.

When thinking about a potential stock's performance, there are a number of indicators that can help us understand the company's financial health. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.99 and a current ratio of 7.82.

NVIDIA Corporation (NASDAQ:NVDA) reported its EPS in the last quarter as $0.92/Share beating the analyst estimate of $0.7/Share by a difference of $0.22.

For the third quarter, the analyst projects datacenter will see an 88% year-over-year rise in sales, as well as roughly 8% quarter-over-quarter gains thanks to the new Volta GPU ramp. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Seekingalpha.com and their article: "Nvidia: Government Hovers Over A Major Revenue Stream" published on October 23, 2017 as well as Investorplace.com's news article titled: "Nvidia Corporation Stock Isn't Bulletproof, But It Might Be Close" with publication date: October 30, 2017. Revenue rose 32 percent, to $2.64 billion.

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On a similar note, analysts expect EPS of $0.52 in December 2017 quarter and $0.31 in March 2018 quarter, representing -1.89% and 6.9% growth, respectively.

COPYRIGHT VIOLATION NOTICE: This article was first posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & worldwide copyright and trademark law. Further, analysts have a 12 month target price of $172.08 on company shares. Nvidia Corporation had 157 analyst reports since August 3, 2015 according to SRatingsIntel. Oppenheimer Holdings, Inc. reissued a "hold" rating on shares of NVIDIA Corporation in a research note on Sunday.

The consensus analysts recommendation at this point stands at 2.40 for NVIDIA Corporation.

Investor reaction was muted, as shares were down in immediate after-hours trading by less than 1 percent and then up a fraction a little later. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". The stock was sold at an average price of $171.01, for a total value of $69,943.09. The shares were sold at an average price of $68.75, for a total value of $5,881,631.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Tench Coxe sold 50,000 shares of the stock in a transaction that occurred on Monday, September 18th.

Nvidia released its third-quarter earnings after the bell Thursday. The disclosure for this sale can be found here. The institutional investor held 5,880 shares of the semiconductors company at the end of 2017Q2, valued at $850,000, up from 2,790 at the end of the previous reported quarter. The company operates in the Technology sector with a market capitalization of 123.84 Million.



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