Roth Capital Downgrades NVIDIA Corporation to Neutral

Brokerage firm Roth Capital Downgrades its rating on NVIDIA Corporation(NVDA). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Roth Capital was issued on Feb 6, 2017.

In a different note, On Dec 20, 2016, Mizuho said it Maintains its rating on NVIDIA Corporation. According to the research note, Mizuho Raises the price target to $115 per share from a prior target of $80. The shares have been rated ‘Buy’ by the firm. On Dec 14, 2016, Evercore ISI Group said it Upgrades its rating on NVIDIA Corporation. In the research note, the firm Announces the price-target to $120 per share. The shares have been rated ‘Buy’ by the firm. Loop Capital said it Initiates Coverage On NVIDIA Corporation, according to a research note issued on Dec 13, 2016. In the research note, the firm Announces the price-target to $109 per share. The shares have been rated ‘Buy’ by the firm.

NVIDIA Corporation (NVDA) made into the market gainers list on Tuesdays trading session with the shares advancing 1.55% or 1.82 points. Due to strong positive momentum, the stock ended at $119.13, which is also near the day’s high of $120.92. The stock began the session at $118.7 and the volume stood at 1,86,55,567 shares. The 52-week high of the shares is $120.92 and the 52 week low is $24.75. The company has a current market capitalization of $64,211 M and it has 53,90,00,000 shares in outstanding.

NVIDIA Corporation(NVDA) last announced its earnings results on Nov 10, 2016 for Fiscal Year 2017 and Q3.Company reported revenue of $2.00B. Analysts had an estimated revenue of $1.69B. Earnings per share were $0.94. The reported EPS was above estimates by $0.37 or 64.91%. Analysts had estimated an EPS of $0.57.

Several Insider Transactions has been reported to the SEC. On Jan 13, 2017, Jen Hsun Huang (President and CEO) sold 41,666 shares at $102.74 per share price.Also, On Dec 29, 2016, Tench Coxe (director) sold 50,000 shares at $116.70 per share price.On Dec 16, 2016, A Brooke Seawell (director) sold 3,106 shares at $96.90 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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