NVIDIA Corporation Q4 Earnings Beat The Street, Forecast In-Line

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Those same analysts are projecting that the stock will reach $100.00 on a short term basis. NVIDIA Corporation makes up about 2.0% of Gerber Kawasaki Wealth & Investment Management's portfolio, making the stock its 17th largest position.

A number of institutional investors have recently modified their holdings of the stock. Following the transaction, the director now directly owns 41,213 shares of the company's stock, valued at approximately $3,616,028.62. Wesbanco Bank Inc. bought a new stake in shares of NVIDIA Corporation during the fourth quarter worth about $205,000. The stock has relative volume of 1.06.

NVIDIA Corporation (NASDAQ:NVDA)went down -1.88% during trading on the U.S. exchange where it had a trading capacity of 19.09M shares. The stock exchanged hands with 11.24 million shares contrast to its average daily volume of 19.69 million shares. Shares are well above their 200-day moving average at $69.80 and their 50-day moving average at $104.08.

Revenue in the company's graphics processing units business, which contributes more than three-quarters to its total revenue, rose 57 percent to $1.85 billion in the fourth quarter ended January 29. Nvidia's GAAP net income for the year totaled $1.67 billion, up 171 percent compared with fiscal 2016.

Nvidia Financial Results

Revenue tallied up to $2.17 billion, growing more than 50% year-over-year from the $1.4 billion in the same quarter the previous year. During the same period in the previous year, the business posted $0.35 EPS. Nvidia also posted an impressive gross margin of 60 percent.

For the first quarter of the company's fiscal 2018, Nvidia is guiding for United States dollars 1.90 billion, plus or minus 2 percent. This represents a $0.56 annualized dividend and a yield of 0.48%. On 7th Day after earnings release, NVIDIA Corporation (NASDAQ:NVDA) surged to 4.02% from $59.5 to $61.89. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of global copyright & trademark law. Additionally, NVDA had a day price range of $115.6 to $119.06.

NVDA has been the topic of several other reports. 28 Analysts think that the Price Target for NVIDIA Corporation (NASDAQ:NVDA) might hit $103.5, however, the High Price Target and Low price Target are $129 and $38, respectively.

1 analysts rated the stock of ICICI Bank Ltd. (NYSE:IBN) as "STRONG BUY", 0 rated as "BUY" and 0 issued a "HOLD" rating. Price changes resulting from an earnings surprise can be felt immediately. And while Intel and others speak highly of potential for next-generation businesses, Nvidia has already found growth in new segments fueled by 12 years of work developing machine learning and artificial intelligence. The share price is now 2.9 percent versus its SMA20, 4.21 percent versus its SMA50, and 6.43 percent versus its SMA200. Leading up to this report, we have seen a 9.31% rise in the stock price over the last 30 days and a 63.79% increase over the past 3 months.