Nvidia boasts of record revenue

NVIDIA Corporation Stock Overbought

A number of other institutional investors and hedge funds also recently made changes to their positions in NVDA.

Nvidia continued to report strong numbers in its first quarterly results this year, despite failing to supply graphics cards to vendors on time due to a shortage of chips. The firm presently has a "buy" rating on the computer hardware maker's stock. If you haven't guessed it by now, Nvidia saw record revenue of $3.21 billion, a whopping 66% rise from a year ago. Meeder Asset Management owns 24,539 shares or 0.4% of their U.S. portfolio. Bbva Compass Bancshares Inc. raised its stake in shares of Nvidia by 12.3% in the first quarter. Country Trust Bank now owns 590 shares of the computer hardware maker's stock worth $114,000 after acquiring an additional 490 shares during the last quarter. Grassi Investment Management increased its position in Nvidia by 1.4% during the 4th quarter.

"Due to investors' concerns around the volatility of the cryptocurrency market, the company may not get full credit for the beat to estimates".

Nvidia traded up $3.40, hitting $259.18, during trading hours on Thursday, according to Marketbeat. Trading volume for NVIDIA Corporation was 24.85 Million in its previous trading session. 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. The low EPS estimate is $0.51, while the high EPS estimate is $0.56. The Price to Sales (P/S) of the stock is 16.2, while P/B (Price to Book) stands at 21.06. First Citizens Bank & Trust Co. boosted its holdings in shares of Nvidia by 4.5% during the 4th quarter.

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. $31,732 worth of NVIDIA Corporation (NASDAQ:NVDA) was sold by Kress Colette on Wednesday, December 13. For fiscal 2019, the analyst is tweaking his revenue projection up from $12,529 to $12,842 million and GAAP EPS from $6.38 to $7.05. The shares were sold at an average price of $227.93, for a total value of $3,944,784.51.

Gaming revenue, which remains more than half the total, rose 68 percent, to $1.72B, above analysts' forecast of $1.61 billion. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Shares for $9.91M were sold by GAITHER JAMES C. 103 shares valued at $23,496 were sold by Byron Michael on Friday, March 2. Stifel and their recent PT indicates a potential downside of -6.59 % from the company's last stock price. Following the transaction, the director now directly owns 30,762 shares of the company's stock, valued at approximately $7,011,582.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 94,959 shares of company stock valued at $22,692,182. 13,902 are owned by Ls Inv Advsrs Limited Company. Vetr downgraded Nvidia from a "strong-buy" rating to a "buy" rating and set a $275.09 price objective for the a research report on Monday, March 12th. BidaskClub upgraded Nvidia from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 2nd.

On back of raised EPS expectations, the analyst reiterates a Neutral rating on NVDA stock while bumping up the price target from $245 to $255, which essentially aligns with current levels. They noted that the move was a valuation call.

Endocyte, Inc. analysts gave 3 buy-equivalent recommendations, 0 sells and 0 holds. Mizuho increased their price target on Nvidia to $280.00 and gave the stock a "buy" rating in a research report on Friday.

NVIDIA Corporation is a visual computing firm with operations all over the world. It operates in two divisions, GPU and Tegra Processor.53.71 is the P/E ratio. The GPU segment offers processors, which include GeForce for PC gaming; GeForce NOW for cloud game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for deep learning, accelerated computing, and general goal computing; and GRID for cloud visual computing users.