Published: Wed, November 29, 2017
Technology | By Christopher Mann

Analyst Upside Underscores Impressive Growth for NVIDIA Corporation (NASDAQ:NVDA)

Analyst Upside Underscores Impressive Growth for NVIDIA Corporation (NASDAQ:NVDA)

Stifel Nicolaus reiterated a "hold" rating and set a $110.00 target price on shares of NVIDIA in a research report on Friday, August 11th. Vanguard Group Inc. grew its position in NVIDIA by 7.1% during the second quarter.

About 6.39 million shares traded.

NVIDIA (NVDA) opened at $210.71 on Friday. $9.23M worth of stock was sold by Shoquist Debora on Tuesday, May 30. The institutional investor held 32,834 shares of the industrial machinery and components company at the end of 2017Q2, valued at $2.79M, up from 17,588 at the end of the previous reported quarter. As a company has 600.33M shares outstanding and its current share price is $211.31, the market cap is $128.55B. Partner Inv L P owns 2,269 shares or 0.44% of their USA portfolio. Ophthotech Corp (NASDAQ:OPHT) has declined 94.82% since November 28, 2016 and is downtrending. It has outperformed by 114.30% the S&P500. The rating has been revealed in a research report on Monday, 2 October. The stock of NVIDIA Corporation (NASDAQ:NVDA) has "Outperform" rating given on Thursday, February 18 by Wedbush. Needham maintained Cognex Corporation (NASDAQ:CGNX) on Tuesday, November 1 with "Buy" rating. The rating was reinitiated by RBC Capital Markets on Friday, August 28 with "Sector Perform". The stock has a consensus rating of "Buy" and a consensus price target of $186.85. Summit Redstone reaffirmed a "buy" rating on shares of NVIDIA in a research note on Saturday, July 22nd. On Thursday, September 14 the stock rating was maintained by Jefferies with "Buy". Pacific Crest maintained the shares of NVDA in report on Tuesday, August 4 with "Equal Weight" rating.

Despite the fact that a low P/E ratio may make a stock look like a good buy, factoring in the company's growth rate to get the stock's PEG ratio can tell a different story.

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Investors sentiment increased to 1.21 in 2017 Q2. The average daily volatility for the week was at 1.68%, which was -0.31 lower than that in the past month. It increased, as 73 investors sold NVIDIA Corporation shares while 262 reduced holdings.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hall Laurie J Trustee holds 390 shares. Mckinley Management Lc Delaware reported 1,991 shares. Daiwa Securities Group invested 0.11% in NVIDIA Corporation (NASDAQ:NVDA). Telemark Asset Mngmt reported 70,000 shares. The stock of NVIDIA Corporation (NASDAQ:NVDA) has "Buy" rating given on Monday, November 16 by Canaccord Genuity. 619 were reported by Wfg Advsrs Ltd Partnership. Baldwin Brothers Ma owns 200 shares or 0% of their USA portfolio. Finally, Oppenheimer restated a hold rating on shares of NVIDIA in a research report on Sunday, November 5th. Salem Investment Counselors has invested 0% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Pier Limited Liability Corporation accumulated 2,435 shares or 0.06% of the stock. Carnegie Asset Mgmt Ltd stated it has 0.15% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA).

Congress Asset Management Ma holds 81,430 shares. 11,799 were accumulated by Pnc Financial Group Incorporated.

Since June 13, 2017, it had 0 insider purchases, and 1 sale for $1,764 activity.

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Hanseatic Management Services Inc, which manages about $222.00M and $196.48M US Long portfolio, decreased its stake in Trinity Industries Inc.

Sandy Spring Bank decreased Ishares Intermediate Credit Bond Fd Etf (CIU) stake by 4,920 shares to 4,645 valued at $510,000 in 2017Q2. It also reduced its holding in Comcast Corp New (NASDAQ:CMCSA) by 181,050 shares in the quarter, leaving it with 124,150 shares, and cut its stake in Regeneron Pharmaceuticals (Call) (NASDAQ:REGN).

More notable recent Cognex Corporation (NASDAQ:CGNX) news were published by: Businesswire.com which released: "Cognex Announces New Speaking Time at Goldman Sachs Global Industrials Conference" on November 09, 2017, also Nasdaq.com with their article: "Earnings Reaction History: Cognex Corporation, 42.9% Follow-Through Indicator ..." published on October 30, 2017, Seekingalpha.com published: "Cognex (CGNX) Q3 2017 Results - Earnings Call Transcript" on October 31, 2017. The ex-dividend date of this dividend is Wednesday, November 22nd. During the same quarter last year, the business posted $0.94 EPS. sell-side analysts expect that NVIDIA will post 4.13 earnings per share for the current year.

Since May 30, 2017, it had 0 insider buys, and 1 sale for $8.23 million activity. 50,000 shares were sold by COXE TENCH, worth $8.23 million.

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Investment analysts at SunTrust Robinson now has a $200.0 target price per share on Nvidia (NASDAQ:NVDA). Therefore 57% are positive. NVIDIA Co. has a 1-year low of $44.13 and a 1-year high of $138.22. $157.21's average target is -25.24% below currents $210.29 stock price. NVIDIA Corporation's now has a PEG ratio of 3.47 where as its P/E ratio is 53.58. The company was maintained on Monday, August 14 by UBS. The company was maintained on Friday, November 6 by Morgan Stanley.

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