Nvidia is about to release its earnings (NVDA)

Marcus Newton
November 12, 2017

More notable recent CBS Corporation (NYSE:CBS) news were published by: Prnewswire.com which released: "CBS Corporation Reports Third Quarter 2017 Results" on November 02, 2017, also Seekingalpha.com with their article: "Upbeat 2018 Outlook Overshadows Mixed Quarter For CBS" published on November 08, 2017, Prnewswire.com published: "CBS Corporation Launches Exchange Offer To Split-Off CBS Radio" on October 19, 2017. If the $229.11 PT is reached, the company will be worth $8.19 billion more. The stock rose 5.57% or $11.43 reaching $216.75.

Shares of the chipmaker rose about 6 percent in morning trade on Friday - hitting a record of $217.18. Independent Bank Corp (INDB) has risen 30.83% since November 10, 2016 and is uptrending. It has outperformed by 195.58% the S&P500.

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The company has market cap of $83.92 million. The gaming segment accounted for more than half of company's third quarter revenue. It has a 22.56 P/E ratio. The Company's GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users. Regentatlantic Capital Ltd Llc stated it has 0.07% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Also, Director Mark L. Perry sold 16,281 shares of NVIDIA Corporation stock in a transaction dated Monday, August 14th. The fund purchased 2,268 shares of the computer hardware maker's stock, valued at approximately $405,000.

Investors sentiment increased to 1.21 in Q2 2017. The company reported an EPS of $1.33, up 32 percent year over year, and beating Thomson Reuters analysts' estimates of $0.83. It is positive, as 73 investors sold NVIDIA Corporation shares while 262 reduced holdings. The institutional investor held 74,155 shares of the broadcasting company at the end of 2017Q2, valued at $4.73 million, up from 48,303 at the end of the previous reported quarter. Rathbone Brothers Plc owns 4,015 shares. Zacks Investment Mgmt reported 26,009 shares. During the same quarter last year, the firm posted $0.94 EPS. sell-side analysts predict that NVIDIA Corporation will post 3.61 earnings per share for the current year.

NVIDIA Corporation (NASDAQ:NVDA) gross margin percentage stands at 59.2% while its operating margin for the past trailing twelve month is 31.3 percent and its overall profit margin (ttm) is 27.4 Percent. This is an increase from NVIDIA Corporation's previous quarterly dividend of $0.14. Ftb reported 6,570 shares. Inc. grew its stake in shares of NVIDIA Corporation by 0.7% during the 2nd quarter. Td Asset Mngmt holds 0.06% or 246,832 shares. Hodges Inc reported 2,600 shares or 0.02% of all its holdings. Enterprise Fincl Services reported 0.02% in NVIDIA Corporation (NASDAQ:NVDA). Mirae Asset Invs Limited holds 0.16% in NVIDIA Corporation (NASDAQ:NVDA) or 63,676 shares. Following the transaction, the director now directly owns 40,912 shares in the company, valued at $4,039,650.88.

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Stock research firms now have a positive stance on shares of NVIDIA Corporation (NASDAQ:NVDA). Therefore 56% are positive. Needham & Company LLC reiterated a "buy" rating on shares of NVIDIA Corporation in a research report on Friday, August 11th. Bank Of America now has $276.52 billion valuation. Canaccord Genuity reaffirmed a "buy" rating and issued a $155.00 price objective on shares of NVIDIA Corporation in a research note on Monday, July 17th. Vetr raised NVIDIA Corporation from a "hold" rating to a "buy" rating and set a $176.95 price target for the company in a report on Wednesday, September 6th. The stock has a market capitalization of $123,192.01, a price-to-earnings ratio of 50.57, a P/E/G ratio of 5.07 and a beta of 1.23. Barclays Capital maintained NVIDIA Corporation (NASDAQ:NVDA) on Friday, August 12 with "Underweight" rating. The firm has "Outperform" rating by Wedbush given on Thursday, April 21. The stock of CBS Corporation (NYSE:CBS) has "Outperform" rating given on Friday, May 20 by Telsey Advisory Group.

Since May 11, 2017, it had 0 insider buys, and 1 sale for $127,010 activity. Shares for $434,980 were sold by SEAWELL A BROOKE on Wednesday, May 24.

The stock decreased 0.22% or Euro 0.45 on November 10, reaching Euro 199.85.

About 7,574 shares traded. Allianz SE (ETR:ALV) has declined 12.54% since November 11, 2016 and is downtrending.

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