Published: Fri, August 11, 2017
Economy | By Annette Adams

NVidia Earnings Beat Not Nearly Enough For Investors

NVidia Earnings Beat Not Nearly Enough For Investors

Twin Capital Management Inc decreased Visa Inc Class A Shares Common (V) stake by 66.66% reported in 2016Q4 SEC filing.

While the earnings estimates from the sell-side analysts are often used as benchmarks by both individual investors (also known as "retail investors") as well as professional investors (think mutual funds, hedge funds, and so on), the reality is that investors don't just blindly base their investment theses and hypotheses on work by the sell-side analyst community. HighPoint Advisor Group LLC raised its position in NVIDIA Corporation by 6.2% in the fourth quarter. Louisiana State Employees Retirement System now owns 36,200 shares of the computer hardware maker's stock valued at $3,943,000 after buying an additional 2,300 shares in the last quarter. Fiera Capital holds 0.02% in NVIDIA Corporation (NASDAQ:NVDA) or 41,083 shares. Miles Capital Inc. now owns 3,919 shares of the computer hardware maker's stock worth $427,000 after buying an additional 41 shares during the period. Quadrant Capital Group LLC increased its position in shares of NVIDIA Corporation by 17.5% in the first quarter. By comparison, the Street consensus was looking for 70 cents a share on NVDA stock and revenues of $1.96. Two months after Pacific Crest downgraded Nvidia stock, the company made a U-turn and raised the stock's rating. The firm has a market cap of $102.41 billion, a price-to-earnings ratio of 57.77 and a beta of 1.24. The stock's 50-day moving average is $159.41 and its 200-day moving average is $126.75.

On Aug. 10, graphics specialist NVIDIA (NASDAQ: NVDA) reported solid earnings results. The computer hardware maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.16. During the same period in the previous year, the company earned $0.46 earnings per share.

However, the original equipment manufacturer and intellectual property businesses, after falling last quarter, collectively saw a big 52 percent jump, to $251 million.

Crypto is "a very important market that will likely continue to grow over time", Nvidia CEO Jen-Hsun Huang said on the call. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & worldwide copyright legislation. Polaris Wealth Advisers Llc who had been investing in Nvidia Corp for a number of months, seems to be less bullish one the $100.02B market cap company. Geneva Advsrs Limited Liability Corp holds 0.06% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 30,340 shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $140.00 price target on shares of NVIDIA Corporation in a research report on Friday, May 19th.

NVIDIA Corporation (NASDAQ:NVDA), stock is trading $174.56 above the 52-week high and has displayed a high EPS growth of 22.20% in last 5 years. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. Analyst mean recommendation for this stock stands at 2.399. Drell Persis sold $325,048 worth of stock or 2,500 shares. SIMS JOHN V sold $121,580 worth of stock or 2,333 shares. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

In other NVIDIA Corporation news, Director Harvey C. Jones sold 145,520 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $140.00, for a total value of $434,980.00. The disclosure for this sale can be found here. The stock ended last trade at $33.45 a share and the price is up more than 2.99% so far this year. Vanguard Group raised its stake in stocks of NVIDIA Corporation by 7.4% in the Q1.

Users of the digital currency have been buying up thousands of graphics cards from Nvidia (nvda) (and AMD (amd) too) to use in computers that process transactions and create more crypto cash coins. The arm-based system-on-a-chip processor line known as Tegra doubled its second-quarter revenue to $333 million.

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