Nomura Upgrades NVIDIA Corporation to Buy

Brokerage firm Nomura Upgrades its rating on NVIDIA Corporation(NASDAQ:NVDA). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Nomura was issued on Jun 13, 2016.

In a different note, Goldman Sachs said it Initiates Coverage on NVIDIA Corporation, according to a research note issued on Jun 2, 2016. The shares have been rated ‘Buy’ by the firm. On May 13, 2016, Roth Capital said it Upgrades its rating on NVIDIA Corporation. In the research note, the firm Raises the price-target to $34.50 per share. The shares have been rated ‘Buy’ by the firm. On May 13, 2016, Topeka Capital said it Upgrades its rating on NVIDIA Corporation. The shares have been rated ‘Buy’ by the firm. On May 13, 2016, Barclays said it Maintains its rating on NVIDIA Corporation. In the research note, the firm Raises the price-target to $25.00 per share. The shares have been rated ‘Underweight’ by the firm. On May 13, 2016, Deutsche Bank said it Maintains its rating on NVIDIA Corporation. In the research note, the firm Raises the price-target to $30.00 per share. The shares have been rated ‘Hold’ by the firm. On May 13, 2016, Jefferies said it Maintains its rating on NVIDIA Corporation. In the research note, the firm Raises the price-target to $42.00 per share. The shares have been rated ‘Buy’ by the firm.

NVIDIA Corporation (NVDA) shares turned negative on Fridays trading session with the shares closing down -0.83 points or -1.75% at a volume of 1,17,75,048. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $47.62. The peak price level was also seen at $47.62 while the days lowest was $46.53. Finally the shares closed at $46.72. The 52-week high of the shares is $47.77 while the 52-week low is $19.09. According to the latest information available, the market cap of the company is $24,948 M.

NVIDIA Corporation(NVDA) last announced its earnings results on May 12, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $1.30B. Analysts had an estimated revenue of $1.27B. Earnings per share were $0.46. Analysts had estimated an EPS of $0.32.

Several Insider Transactions has been reported to the SEC. On May 25, 2016, Mark A Stevens (director) sold 150,000 shares at $45.40 per share price.Also, On May 23, 2016, Michael Byron (Principal Accounting Officer) sold 19,347 shares at $43.38 per share price.On May 17, 2016, David M Shannon (EVP, CAO & Secretary) sold 271,049 shares at $42.07 per share price, according to the Form-4 filing with the securities and exchange commission.

NVIDIA Corporation (NVIDIA) is engaged in visual computing enabling individuals to interact with digital ideas data and entertainment. The Company is engaged in creating NVIDIA-branded products and services offering its processors to original equipment manufacturers (OEMs) and licensing its intellectual property. NVIDIA-branded products and services are visual computing platforms that address four markets: Gaming Enterprise High Performance Computing & Cloud and Automotive. The Company operates in two segments: Graphics Processing Unit (GPU) and Tegra Processor. The Company’s GPU product brands include GeForce for gamers; Quadro for designers; Tesla for researchers learning and big-data analysts; and GRID for cloud-based visual computing users. The Company’s Tegra processors are primarily designed to enable its branded platforms: DRIVE and SHIELD.

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