Bargain Hunters Should Take a Look at NVIDIA Corporation (NASDAQ:NVDA)

Violet Tucker
November 11, 2017

Girard Partners has invested 0.1% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA).

"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". Edge Wealth Mgmt Ltd Liability Corporation holds 0.01% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 194 shares. Inc. now owns 822 shares of the computer hardware maker's stock worth $119,000 after purchasing an additional 6 shares during the last quarter. Finally, Hanson McClain Inc. lifted its holdings in shares of NVIDIA Corporation by 12.7% during the second quarter.

In related news, CFO David James Anderson sold 5,000 shares of RPX Corporation stock in a transaction on Thursday, November 2nd. MA now owns 16,986,585 shares of the computer hardware maker's stock valued at $798,539,000 after buying an additional 152,220 shares during the period. It also reduced Ecolab Inc (NYSE:ECL) stake by 3,486 shares and now owns 2,349 shares. Regions Fincl reported 0.01% stake. Jennison Associates LLC increased its stake in shares of Nvidia 36.6% in the third 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. Ahl Ptnrs Limited Liability Partnership holds 0.02% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 5,868 shares. RPX Corporation has a 52-week low of $10.20 and a 52-week high of $15.15. The company has market cap of $158.84 million. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.54 and a current ratio of 2.54. Alabama-based Retirement Of Alabama has invested 0.22% in NVIDIA Corporation (NASDAQ:NVDA).

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 United States cents a share, a year ago. Meanwhile, net, GAAP earnings per share of $1.33 landed 38 cents above the Street's forecasts of $0.95, which the analyst attributes to stronger-than-anticipated revenue and gross margin. During the same quarter previous year, the business posted $0.94 EPS.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 28th will be given a dividend of $0.14 per share. The company announced a 7 percent increase in its quarterly cash dividend to $0.15 per share from $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.61%. Nvidia Corp.'s dividend payout ratio is 29.32%. COXE TENCH sold $8.23M worth of stock. The shares were sold at an average price of $189.24, for a total transaction of $6,339,161.52. Shares for $434,980 were sold by SEAWELL A BROOKE. Following the completion of the sale, the chief financial officer now owns 12,756 shares of the company's stock, valued at approximately $165,572.88. The disclosure for this sale can be found here. Essex Financial Services Inc acquired 2,900 shares as Nvidia Corp (NVDA)'s stock rose 26.83%. Maybe the focus is on finding a stock that has recently taken a turn for the worse for no real apparent reason. RBC Capital Markets raised their price target on shares of Nvidia $95.00 in a report on Friday, November 11th.

Nvidia's stock has a lot more room to move higher, according to an analyst from Jefferies. On Friday, February 17 the stock rating was upgraded by Robert W. Baird to "Outperform". As for whether to Buy, Sell or Hold at this point, sell-side firms covering company shares have a mean recommendation of 2.40 on the stock. First Quadrant LP Ca has invested 0.04% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). If you are accessing this piece on another website, it was copied illegally and reposted in violation of global trademark and copyright laws.

Nvidia is one of the main beneficiaries of a "tectonic shift" in computing because it's graphics processing units are created to handle artificial intelligence training better than traditional central processing units.

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