MKM Highlights Near-Term Challenges for Nvidia (NVDA)

Nvidia Blows Out Q1 Estimates Raises Q2 Sales Guidance

Nvidia Corp's quarterly revenue topped Wall Street estimates on Thursday as demand for its graphics chips used in data centers and gaming devices jumped. Raymond James Trust N.A. now owns 12,693 shares of the computer hardware maker's stock worth $2,457,000 after purchasing an additional 217 shares during the last quarter.

If we look at the Volatility of NVIDIA Corporation (NVDA), Week Volatility is 2.39%, whereas Month Volatility is at 2.85%.

Chief Financial Officer Colette Kress said that the company expects cryptocurrency-related revenue to fall 65 percent to about $100 million in the next quarter.

Keywise Capital Management Ltd holds 18.39% of its portfolio in NVIDIA Corporation for 240,220 shares. Country Trust Bank boosted its holdings in shares of Nvidia by 490.0% during the 4th quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new position in Nvidia during the 4th quarter valued at approximately $56,666,000. The computer hardware maker reported $1.72 EPS for the quarter, beating the consensus estimate of $1.16 by $0.56. Country Trust Bank now owns 590 shares of the computer hardware maker's stock valued at $114,000 after purchasing an additional 490 shares during the period. Investors seem to be very interested in what happens to the stocks of these two companies but do investors favor one over the other?

Zevenbergen Capital Investments Llc decreased Nvidia Corporation (NVDA) stake by 0.88% reported in 2017Q4 SEC filing. $265.17's average target is 3.39% above currents $256.465 stock price. BidaskClub raised shares of Nvidia from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 16th. Nvidia has an average rating of "Buy" and a consensus price target of $222.50. They noted that the move was a valuation call. Also, Director Persis Drell sold 5,141 shares of the firm's stock in a transaction that occurred on Wednesday, March 28th.

Nvidia (NASDAQ:NVDA) just had their share rating of a "Buy" issued by research analysts at B.Riley FBR, who now has a $300.0000 target price per share on the $157.91B market cap company or a 15.33 % upside potential. (AMD) and Weatherford International Plc (WFT)" with a publish date: "May 10, 2018, "After-Hours Stock Movers 05/10: "(KGJI) (TTD) (VRAY) Higher; (SYMC) (RDFN) (NVDA) Lower (more...)" and the last "Why Nvidia Stock Is A Buy At $150" with publication date: "May 04, 2018. Its quick ratio for the most recent quarter is 7.30. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned "Buy" rating by RBC Capital Markets on Friday, November 24. The stock increased 1.70% or $4.35 during the last trading session, reaching $260.13.

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It wasn't just GeForce cards that saw a strong performance, either, with Nvidia's data center profits hitting $701 million (£520 million, AU$930 million), up 71% compared to the same quarter past year. Nvidia had a net margin of 31.36% and a return on equity of 45.02%.

Analysts on average had expected revenue of $2.91 billion, according to Thomson Reuters I/B/E/S. During the same period in the previous year, the business posted $1.13 EPS.

Nvidia Corp. shares sink 3.1 percent in NY, cutting into its rally over the past week, after the company fell victim to high expectations for its first-quarter earnings report.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Seekingalpha.com which released: "Nvidia Or Xilinx: Which Is A Better Chipmaker Stock Investment?" on May 09, 2018, also 247Wallst.com with their article: "Disney, Groupon, Nvidia and More Major Earnings Coming This Week" published on May 06, 2018, Seekingalpha.com published: "Upcoming Earnings: Nvidia Reports After Thursday's Close" on May 09, 2018. Analyst's mean target cost for the company is $184.39 while analysts mean suggestion is 1.8.

NVDA now trades at a forward P/E of 35.18, a P/B of 20.71, and a P/S of 15.93 while DE trades at a forward P/E of 12.73, a P/B of 5.06, and a P/S of 1.49.

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