The stock of NVIDIA Corporation (NASDAQ:NVDA) hit a new 52-week high and has $98.88 target or 5.00% above today’s $94.17 share price. The 5 months bullish chart indicates low risk for the $50.74B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $98.88 price target is reached, the company will be worth $2.54 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 7.92M shares traded hands. NVIDIA Corporation (NASDAQ:NVDA) has risen 157.21% since April 21, 2016 and is uptrending. It has outperformed by 151.88% the S&P500.
Analysts await NVIDIA Corporation (NASDAQ:NVDA) to report earnings on February, 15. They expect $0.86 earnings per share, up 145.71% or $0.51 from last year’s $0.35 per share. NVDA’s profit will be $463.42 million for 27.38 P/E if the $0.86 EPS becomes a reality. After $0.83 actual earnings per share reported by NVIDIA Corporation for the previous quarter, Wall Street now forecasts 3.61% EPS growth.
NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage
Out of 29 analysts covering Nvidia Corporation (NASDAQ:NVDA), 18 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 62% are positive. Nvidia Corporation has been the topic of 84 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Barclays Capital maintained NVIDIA Corporation (NASDAQ:NVDA) on Friday, August 12 with “Underweight” rating. As per Friday, May 13, the company rating was upgraded by Roth Capital. The firm earned “Neutral” rating on Tuesday, September 20 by Susquehanna. The rating was upgraded by Vetr on Tuesday, August 18 to “Buy”. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Buy” rating given on Monday, June 13 by Nomura. Jefferies maintained NVIDIA Corporation (NASDAQ:NVDA) rating on Friday, August 12. Jefferies has “Buy” rating and $73 price target. As per Monday, August 15, the company rating was maintained by Argus Research. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, November 8. Suntrust Robinson initiated NVIDIA Corporation (NASDAQ:NVDA) on Tuesday, September 20 with “Neutral” rating. As per Monday, April 4, the company rating was maintained by Jefferies.
According to Zacks Investment Research, “NVIDIA Corporation designs, develops and markets a top-to-bottom family of award-winning 3D graphics processors, graphics processing units and related software that set the standard for performance, quality and features for every type of desktop personal computer user, from professional workstations to low-cost computers. NVIDIA Corporation’s 3D graphics processors are used in a wide variety of applications, including games, the Internet and industrial design.”
Insitutional Activity: The institutional sentiment increased to 1.12 in 2016 Q2. Its up 0.10, from 1.02 in 2016Q1. The ratio is positive, as 45 funds sold all NVIDIA Corporation shares owned while 245 reduced positions. 117 funds bought stakes while 178 increased positions. They now own 449.32 million shares or 5.27% less from 474.31 million shares in 2016Q1.
Scout has 0.91% invested in the company for 694,219 shares. Norinchukin Bancorporation The accumulated 110,573 shares or 0.13% of the stock. Cim Ltd Liability last reported 0.12% of its portfolio in the stock. Massmutual Trust Fsb Adv has invested 0% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Thompson Davis And Inc has invested 0.01% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Lord Abbett Limited Liability Company owns 1.87M shares or 0.28% of their US portfolio. Moreover, Legg Mason Asset Mgmt (Japan) has 1.34% invested in NVIDIA Corporation (NASDAQ:NVDA) for 26,500 shares. Davy Asset Ltd reported 23,036 shares or 0.22% of all its holdings. Alliancebernstein L P, a New York-based fund reported 6.03M shares. Dekabank Deutsche Girozentrale, a Germany-based fund reported 32,765 shares. Moreover, Rhumbline Advisers has 0.12% invested in NVIDIA Corporation (NASDAQ:NVDA) for 874,886 shares. Fagan Associate last reported 0.7% of its portfolio in the stock. Rice Hall James & Associates Limited Co has invested 0.12% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Thompson Siegel & Walmsley Lc holds 65,757 shares or 0.05% of its portfolio. Lombard Odier Asset Mgmt (Europe) last reported 6,696 shares in the company.
Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 15 insider sales for $46.42 million net activity. 41,666 shares with value of $2.85M were sold by HUANG JEN HSUN on Thursday, November 10. 88,000 NVIDIA Corporation (NASDAQ:NVDA) shares with value of $5.60 million were sold by COXE TENCH. STEVENS MARK A sold $6.81M worth of stock. GAITHER JAMES C had sold 35,000 shares worth $3.23M. Shoquist Debora had sold 35,476 shares worth $2.24 million. $1.88 million worth of NVIDIA Corporation (NASDAQ:NVDA) shares were sold by SEAWELL A BROOKE. The insider Kress Colette sold 38,039 shares worth $2.37M.
More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Fool.com which released: “NVIDIA Corporation CEO Talks Up Nintendo Partnership” on November 21, 2016, also Fool.com with their article: “NVIDIA Corporation’s Biggest Business Surged 63% Last Quarter” published on November 20, 2016, Fool.com published: “3 Things NVIDIA Corporation’s Management Wants You to Know” on November 15, 2016. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Fool.com and their article: “NVIDIA Corporation Delivers Blowout Earnings Results” published on November 11, 2016 as well as Fool.com‘s news article titled: “Appreciating NVIDIA Corporation’s Stunning Tegra Recovery” with publication date: November 12, 2016.
NVDA Company Profile
NVIDIA Corporation (NVIDIA), incorporated on February 24, 1998, is engaged in visual computing. The Firm operates through divisions, including GPU and Tegra Processor. The Firm allows to open up new avenues of exploration, facilitate creativity and discovery, and power breakthroughs in areas like artificial intelligence, virtual reality and autonomous cars. It focuses on markets, such as gaming, professional visualization, datacenter and automotive. The Company’s vertical integration enables to bring together hardware, system software, programmable algorithms, systems and services.
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