Buy Nvidia because AI is 'killer app' for its chips

Pablo Tucker
October 14, 2017

Several analysts recently weighed in on the company.

10/12/2017 - NVIDIA Corporation had its "outperform" rating reiterated by analysts at RBC Capital.

Analysts on average have given a price target of $164.98 to NVIDIA Corporation (NVDA) stock.

Mark Asset Management Corp increased Nvidia Corporation (NVDA) stake by 28.47% reported in 2017Q2 SEC filing. Finally, Needham & Company LLC reissued a buy rating and set a $200.00 price objective (up from $130.00) on shares of NVIDIA Corporation in a report on Monday, July 10th. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company's stock. On Friday, July 7 the stock rating was maintained by Northland Capital with "Buy". Mark Asset Management Corp acquired 37,300 shares as Nvidia Corporation (NVDA)'s stock rose 26.83%. The firm has a 50-day moving average price of $176.15 and a 200 day moving average price of $148.32. The company has market cap of $116.75 billion. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.69 by $0.32. The company's quarterly EPS surprised Wall Street by as much as -1% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.

NVIDIA Corporation (NVDA) now has a Return on Assets (ROA) value of 23.9 Percent. Analysts are forecasting earnings of $0.94 on a per share basis this quarter. During the same period past year, the business posted $0.53 EPS.

Shares of NVIDIA Corporation (NASDAQ NVDA) opened at 194.59 on Thursday.

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On a similar note, analysts expect EPS of $1.04 in September 2017 quarter and $1.04 in December 2017 quarter, representing 0.97% and 0.97% growth, respectively. On average, equities analysts anticipate that NVIDIA Corporation will post $3.64 earnings per share for the current fiscal year.

In recent trading day NVIDIA Corporation (NVDA) stock showed the move of 0.05% with the closing price of $191.03. The shares were sold at an average price of $171.01, for a total value of $69,943.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Nvidia shares have rallied almost 190 percent during the previous 12 months through Thursday, compared with the market's 20 percent gain. Through this figure traders can analyze that NVDA show whether or not a stock now most active and standing in buying side or sell side. The disclosure for this sale can be found here. This works out to a net decrease in ownership of 7.46 million shares, and suggests that institutions are feeling bearish about the stock. Cetera Advsr Limited Liability Company invested in 0.21% or 23,226 shares.

Hedge funds and other institutional investors have recently modified their holdings of the business. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker's stock worth $110,000 after buying an additional 206 shares in the last quarter. Regal Invest Ltd Llc holds 0.2% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 5,485 shares. Another trade for 63,717 shares valued at $9.23 million was sold by Shoquist Debora. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker's stock valued at $132,000 after buying an additional 1,060 shares during the period. Eqis Capital Mngmt holds 0.05% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 5,490 shares. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker's stock valued at $117,000 after purchasing an additional 547 shares during the last quarter. It improved, as 73 investors sold NVIDIA Corporation shares while 262 reduced holdings. Clinton Group Inc. now owns 48,293 shares of the computer hardware maker's stock valued at $5,261,000 after purchasing an additional 45,447 shares in the last quarter.

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