Nvidia touts record revenue on Q2 earnings beat

NVIDIA Corporation (NASDAQ:NVDA) initiated the shares trading at $57.89 and showed positive change of +1.69% while the stock's final trade was registered at $ 58.20. The total 1.46 million shares were bought and sold throughout the most recent trading session less than average volume of 2.51 million shares. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. For the prior quarter revenue for the stock hit $1.4B, with EPS at $0.35.

Taking a look out at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $1.57. Following the completion of the sale, the director now directly owns 6,213 shares of the company's stock, valued at $292,073.13. The highest analyst target sees the stock going to $64.5 while the lowest target sees the stock heading to $30.

Other hedge funds and institutional investors have recently bought and sold shares of the company. NVIDIA Corporation makes up approx 0.04% of Checchi Capital Advisers's portfolio.Leavell Investment Management boosted its stake in NVDA in the latest quarter, The investment management firm added 6,300 additional shares and now holds a total of 35,900 shares of NVIDIA Corporation which is valued at $1,946,498. They issued a "buy" rating and a $60.00 target price on the stock. Raymond James Trust N.A. purchased a new position in Nvidia Corp. during the second quarter valued at $224,000. In the last fiscal quarter, NVIDIA Corporation (NASDAQ:NVDA) saw a surprise factor of 25.81%. Now shares have been rated as "Buy" from 6 Analysts. Underperform rating was given by 2 analyst and Outperform rating was given by 1 analyst.

Ahead of the call, NVIDIA will provide written commentary on its second-quarter results from its CFO. Finally, KeyCorp reaffirmed a "hold" rating on shares of Nvidia Corp.in a report on Wednesday, July 6th.

Shares of NVIDIA closed Thursday up 2% at $59.70, with a consensus analyst price target of $53.23 and a 52-week trading range of $58.70 to $59.95.

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-priced computers. The Company operates in three segments: graphics processing unit (GPU) Business, professional solutions business (PSB) and consumer products business (CPB).

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