Nvidia beats Q3 expectations as data center sales climbs

Nvidia beats Q3 expectations as data center sales climbs

Nvidia beats Q3 expectations as data center sales climbs

SEAWELL A BROOKE also sold $434,980 worth of NVIDIA Corporation (NASDAQ:NVDA) on Wednesday, May 24.

Several other research firms have also issued reports on RPXC.

Nvidia is at an inflection point as data center customers switch to graphics processing units from central processing units, Rosenblatt Securities analyst Hans Mosesmann said in a report. Buckingham Research maintained it with "Buy" rating and $65 target in Friday, October 27 report.

NVIDIA Corporation (NASDAQ:NVDA) received a Buy rating from 7 analysts.

NVIDIA Corporation (NASDAQ:NVDA) touched its 1-Year High price of $212.90 on 11/07/17 and its 1-Year Low price of $ 66.76 on 11/11/16. About 1,314 shares traded. 45,730 shares of the company were exchanged, compared to its average volume of 338,920. The stock has a market capitalization of $128,880.00, a P/E ratio of 58.75, a price-to-earnings-growth ratio of 5.17 and a beta of 1.23. The company has a current ratio of 7.82, a quick ratio of 6.99 and a debt-to-equity ratio of 0.33. RPX Corporation had 11 analyst reports since August 20, 2015 according to SRatingsIntel.

Elsewhere in the chip sector, Microsemi ( MSCC ) shares were flat Friday after the company posted slightly better-than-expected fiscal fourth-quarter results and guided in line with views for the current quarter. NVIDIA Corporation's Return on Equity (ROE) of 39.40% reveals how much profit they generate with money from shareholders.

Nvidia's Datacenter had a strong quarter, reporting revenue of $501, increasing over 100 percent year over year.

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Nvidia late Thursday said it earned $1.33 a share, up 60% year over year, on sales of $2.64 billion, up 32%, in its quarter ended October 29. Wall Street was modeling earnings per share of 97 cents, down 2%, on sales of $2.43 billion, up 12%.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. "(AAL) Ex-Dividend Date Scheduled for November 10 ..." on November 09, 2017.

In related news, CFO David James Anderson sold 5,000 shares of RPX Corporation stock in a transaction on Thursday, November 2nd. Glg Ltd owns 23,432 shares. 63,717 shares were sold by Shoquist Debora, worth $9.23 million. Victory Cap holds 0% or 12,071 shares in its portfolio. It also upped A stake by 220,343 shares and now owns 534,543 shares. The disclosure for this sale can be found here.

As shares fly 6% today amid enthusiastic investor sentiment post-print, the analyst may be sidelined simply waiting for better value to buy into the semiconductor stock, but he is quite optimistic on Nvidia. Insiders own 3.52% of the company's stock. 131 funds opened positions while 273 raised stakes. Metropolitan Life Insurance Co. Edge Wealth Mgmt Ltd Liability Corporation holds 0.01% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 194 shares. 2,200 shares valued at $91,097 were sold by PETERSMEYER GARY S on Thursday, May 25. Myriad Asset Ltd reported 260,000 shares. The stock rose 0.69% or $0.39 reaching $57.16. NVIDIA Corporation's RSI is presently sitting at 72.97. The Essex Financial Services Inc holds 6,525 shares with $943,000 value, up from 3,625 last quarter.

Myriad Asset Management Ltd, which manages about $1.43B US Long portfolio, decreased its stake in Melco Resort Entertainment L (NASDAQ:MPEL) by 222,300 shares to 591,000 shares, valued at $13.27 million in 2017Q2, according to the filing. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker's stock worth $372,000 after purchasing an additional 30 shares during the last quarter. RB Capital Management LLC bought a new stake in NVIDIA Corporation during the 2nd quarter valued at about $272,000. Institutional investors own 88.79% of the company's stock. The Company helps companies reduce patent litigation risk and corporate legal expense through two primary service offerings: patent risk management services and discovery services.

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