NVIDIA Corporation Stock Overbought

Total revenue rose to $3.21 billion from $1.94 billion. The firm acquired 899 shares of the computer hardware maker's stock, valued at approximately $208,000.

"The company is executing extremely well and we believe it is fairly reflected in the Nvidia share price and valuation". In the last couple of quarters, Nvidia has downplayed the impact, saying last quarter that miners were mostly using gaming computers rather than specialized ones, making the impact hard to extract from Nvidia's core gaming business. LLC now owns 616,045 shares of the computer hardware maker's stock valued at $119,205,000 after buying an additional 342,038 shares in the last quarter. Country Trust Bank boosted its holdings in shares of Nvidia by 490.0% during the 4th quarter. Prudential Financial Inc. now owns 1,711,921 shares of the computer hardware maker's stock valued at $396,464,000 after buying an additional 844,514 shares during the last quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker's stock worth $116,000 after purchasing an additional 300 shares in the last quarter.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. Finally, Zacks Investment Research raised Nvidia from a "hold" rating to a "buy" rating and set a $262.00 target price for the company in a report on Wednesday, January 24th.

Analysts expected the average price target of $82.9 that is probable to reach in coming one year period. BidaskClub upgraded Nvidia from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. On Thursday, May 3 the stock of NVIDIA Corporation (NASDAQ:NVDA) earned "Overweight" rating by Barclays Capital. Drell Persis had sold 5,141 shares worth $1.13M on Wednesday, March 28. The company said it returned USD 746 million to shareholders in the quarter through USD 655 million in share buybacks and USD 91 million in quarterly cash dividends.

Excluding Thursday's move, Nvidia had vastly outperformed the broad markets, with its stock up about 150% in the past 52 weeks. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34. The company has a market capitalization of $155.27 billion, a price-to-earnings ratio of 55.00, a PEG ratio of 4.10 and a beta of 1.52.

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Nvidia (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, May 10th.

Revenues for the quarter to 29 April leaped 66 percent from the year before to USD 3.207 billion, with datacentre operations advancing 71 percent to USD 701 million and gaming surging 68 percent to USD 1.72 billion. Nvidia had a net margin of 31.36% and a return on equity of 45.02%. Analysts on the hand are anticipating a revenue of $2.95 billion. Nvidia's revenue was up 65.6% on a year-over-year basis. equities analysts anticipate that Nvidia will post 6.09 EPS for the current fiscal year.

For more NVIDIA Corporation (NASDAQ:NVDA) news brought out recently go to: Seekingalpha.com, Livetradingnews.com, Investorplace.com, Streetinsider.com or Seekingalpha.com. The average true range is projected at 1.4 this time, while the change from open is estimated at 0.03%. The Stock shows P/E value of 18.31 and Forward P/E of 20.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

In other Nvidia news, Director Mark L. Perry sold 17,307 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $245.67, for a total value of $9,914,995.53.

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