The Insider Activity Speaks Itself: NVIDIA Corporation (NASDAQ:NVDA)

Nvidia shares fell on Friday after the graphics chipmaker guided to in-line sales for the current quarter and higher operating expenses

Nvidia shares fell on Friday after the graphics chipmaker guided to in-line sales for the current quarter and higher operating expenses

Traditionally, the company's processors have been mostly used to power the latest gaming graphics, but the chips have become popular to run AI software in the data center and autonomous vehicles. Columbus Circle Investors now owns 1,087,665 shares of the computer hardware maker's stock valued at $51,131,000 after buying an additional 197,299 shares during the last quarter. Most recently, in December 2016, Debora Shoquist, the EVP, Operations of NVDA sold 19,265 shares for a total of $2,020,321. Jennison Associates LLC increased its position in shares of NVIDIA Corporation by 36.6% in the third quarter.

For its fiscal 2017, Nvidia raked in $6.9 billion in revenue and made $1.9 billion in operating profit. On the other hand, in the July 2017 quarter the company recorded a net $1.43B revenue with earnings per share of $0.40.

NVIDIA Corporation will next provide financial results for the April 2017 quarter.

Many analysts are providing their Estimated Earnings analysis for NVIDIA Corporation and for the current quarter 21 analysts have projected that the stock could give an Average Earnings estimate of $0.83/share. 176,285 shares of the stock were exchanged. The stock's price moved up its 200-day moving average of $41.53. The company's shares closed yesterday at $118.61, close to its 52-week high of $120.92.

NVIDIA Corporation (NASDAQ:NVDA) is trading up 385.96% versus 12-month low of 24.51 and stands -0.67% lower from its 1-year peak of $119.93.

While looking at the Stock's Performance, NVIDIA Corporation now shows a Weekly Performance of 4.09%, where Monthly Performance is 10.56%, Quarterly performance is 66.67%, 6 Months performance is 102.08% and yearly performance percentage is 369.79%.

NVIDIA Corporation (NASDAQ:NVDA) shows its Return on Assets (ROA) value of 15.2 percent, while the Return on Equity (ROE) value is 26 percent and Return on Investment (ROI) value stands at 10.3 percent.

Average Revenue Estimate for the current quarter is $1.88 Billion, according to consensus forecast of 26 analysts. Having a look at the historical EPS report, the company attained $1.08 EPS for the previous year. The firm's revenue was up 53.6% on a year-over-year basis.

WARNING: This report was published by [[site]] and is the property of of [[site]]. If you are reading this piece of content on another website, it was illegally copied and republished in violation of USA & global copyright and trademark law. Nvidia also recently started working with the National Cancer Institute for the United States Department of Energy to develop an AI framework for advanced cancer research. As the past trend shows, NVIDIA Corporation's stock price has rallied after earnings in 17 of the last 27 quarters.

The 45 analysts offering 12-month price forecasts for ICICI Bank have a median target of 9.31, with a high estimate of 11.00 and a low estimate of 6.50. Oppenheimer Holdings, Inc. reissued a "market perform" rating on shares of NVIDIA Corporation in a report on Wednesday, January 11th. Susquehanna Bancshares Inc reaffirmed a "neutral" rating on shares of NVIDIA Corporation in a report on Tuesday. The stock has an average rating of Buy and a consensus price target of $87.61. The stock was sold at an average price of $102.74, for a total transaction of $4,280,764.84. Following the completion of the sale, the director now owns 40,912 shares of the company's stock, valued at approximately $4,039,650.88. The disclosure for this sale can be found here. Revenues surged 54.9% from a year ago to $2.17 billion, also topping analysts' $2.1 billion view. For the next 5 years, the company is expected to grow by 31.98 percent.

NVIDIA Corporation makes up approx 1.85% of Neumann Capital Management's portfolio.

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