Nvidia Reports Big Q3 Earnings Beat, Record Sales

$11.46 million worth of NVIDIA Corporation (NASDAQ:NVDA) was sold by Puri Ajay K on Tuesday, May 23. Summit Redstone started coverage on shares of Nvidia Corp.in a report on Wednesday, August 31st. Buckingham Research maintained it with "Buy" rating and $65 target in Friday, October 27 report. Six analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company's stock. RPX Corporation presently has a consensus rating of Hold and an average price target of $14.00. Over the last quarter, shares have performed 31.65%. 45,730 shares of the company were exchanged, compared to its average volume of 338,920. Analysts expected $1.08 and $475 million. Weekly performance analysis shows the equity at 0.00%. Nvidia Corporation has $250.0 highest and $20 lowest target. While crypto is far from a core offering of NVDA's, the situation is worth monitoring in coming quarters, because if demand continues to wane, so too will expectations for crypto's contribution to the company's future earnings.

The graphic processing unit maker said in the third quarter, net income came in at US$838mln or US$1.33 a share, compared with US$542mln or 83 U.S. cents a share, a year ago.

Next Century Growth Investors Llc decreased Nvidia Corporation (NVDA) stake by 75.36% reported in 2017Q2 SEC filing. The firm had revenue of $85.70 million for the quarter, compared to analyst estimates of $82.70 million.

The company reported earnings of $1.33 per share on revenue of $2.64 billion, easily beating the $1.07 and $2.36 billion that Wall Street was anticipating.

ILLEGAL ACTIVITY NOTICE: "RPX Corporation (NASDAQ:RPXC) Price Target Raised to $13.00 at Barclays PLC" was posted by Week Herald and is owned by of Week Herald.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Wealth Enhancement Advisory Svcs Ltd Liability Corp holds 0.11% or 7,907 shares. Stockholders of record on Friday, November 24th will be given a $0.15 dividend. $6.47 million worth of stock was sold by COXE TENCH on Thursday, May 11. The insider SEAWELL A BROOKE sold $434,980. Private Wealth Ltd Company owns 40,000 shares or 0.12% of their United States portfolio. The shares were sold at an average price of $12.83, for a total transaction of $192,450.00. Fjarde Ap owns 123,326 shares. The disclosure for this sale can be found here. Levy Harkins & Company Inc sold 4,505 shares as Nvidia Inc. First Citizens Bancorporation Tru owns 3,014 shares.

A number of hedge funds have recently made changes to their positions in the stock. Metropolitan Life Insurance Co.

Twin Tree Management Lp, which manages about $432.39 million and $12.79B US Long portfolio, decreased its stake in Exelon Corp (Call) (NYSE:EXC) by 92,000 shares to 338,100 shares, valued at $12.20M in 2017Q2, according to the filing. NY now owns 37,173 shares of the business services provider's stock worth $446,000 after acquiring an additional 2,108 shares during the last quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker's stock worth $271,000 after purchasing an additional 33 shares during the last quarter.

Therefore, the analyst reiterates a Neutral rating on NVDA stock while bumping up the price target in a big way from $155 to $185, which represents a almost 50% increase from current levels. Nvidia Corp now has $130.59 billion valuation. The Levy Harkins & Company Inc holds 63,780 shares with $9.22 million value, down from 68,285 last quarter.

"We've argued that Nvidia will be a marquee beneficiary of the 4th Tectonic Shift in Computing, where parallel processing architectures capture share from serial processing (x86) architectures in the computing market", Lipacis wrote in a note to clients titled "Tectonic Upside". Jennison Associates LLC now owns 12,844,514 shares of the computer hardware maker's stock valued at $880,106,000 after buying an additional 3,441,948 shares during the period. RB Capital Management LLC bought a new stake in NVIDIA Corporation during the 2nd quarter valued at about $272,000. Company insiders own 5.82% of the company's stock.

RPX Corporation is engaged in providing an alternative to litigation through its patent risk management services.

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