Nvidia is predicting a big drop-off in cryptocurrency mining demand

Nvidia is predicting a big drop-off in cryptocurrency mining demand

The firm acquired 899 shares of the computer hardware maker's stock, valued at approximately $208,000.

Still, Nvidia faces more competition than it has for years as more companies look to specialized silicon for deep learning. Prudential Financial Inc. grew its holdings in shares of Nvidia by 97.4% during the first quarter. DnB Asset Management AS now owns 75,858 shares of the computer hardware maker's stock valued at $14,679,000 after purchasing an additional 5,800 shares during the period. During the same period in the prior year, the company earned $1.13 EPS. research analysts forecast that Nvidia will post 6.09 EPS for the current year. Grassi Investment Management raised its position in shares of Nvidia by 1.4% during the fourth quarter. The computer hardware maker reported $1.72 EPS for the quarter, beating the consensus estimate of $1.16 by $0.56. Finally, Crewe Advisors LLC acquired a new position in Nvidia in the 4th quarter worth about $148,000. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker's stock worth $116,000 after purchasing an additional 300 shares in the last quarter. However, investors can and should determine their own price targets for entering and exiting stock positions.

NVDA has been the subject of several analyst reports. Finally, Morgan Stanley upgraded Nvidia from an "equal weight" rating to an "overweight" rating and set a $258.00 price objective on the stock in a research report on Monday, April 9th. Deutsche Bank upped their target price on Nvidia from $205.00 to $230.00 and gave the stock a "hold" rating in a report on Friday, February 9th. Citigroup maintained the stock with "Buy" rating in Friday, February 9 report.

Argus has a Buy rating with a $280 target price. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Shares of NVIDIA Corporation (NVDA) grown with persuasively motion. $119,427 worth of NVIDIA Corporation (NASDAQ:NVDA) shs were sold by Drell Persis. 24,122,295 shares of the company were exchanged, compared to its average volume of 11,045,154.

"Nvidia now faces a few headwinds that will reduce typical seasonal growth in the second quarter, including about $200 million of lower crypto and perhaps about $250 million of channel restocking benefit received in the first quarter".

The ability of a company to meet up with its short-term obligations and be able to clear its longer-term debts is measured using Liquidity and leverage ratios.

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The stock has a market cap of $154.75B and the number of outstanding shares has been calculated 605.00M.

Despite the beat, Nvidia stock was lower by $4.92, or 1.9%, at $255.21 in late trading. According to the Analysts, the Low Earnings estimate for the current quarter is $1.25, while the High earnings estimate is $1.63.Comparatively, EPS for the same quarter previous year was $0.71. Nvidia had a net margin of 31.36% and a return on equity of 45.02%. When glancing ahead to fiscal 2020, the analyst scales down his revenue expectations from $14,612 to $14,425 million but bumps up his EPS expectations from $7.37 to $7.50.

Average Revenue Estimate of the company for the current Fiscal Quarter is $5.93 Billion, according to consensus of 23 analysts.

Graphics chipmaker Nvidia Corp. had a lot to live up to today when it reported its first-quarter earnings, after its stock hit another in a string of recent all-time highs.

The company's ATR (Average True Range) is 1.12. Following the completion of the transaction, the director now owns 20,963 shares of the company's stock, valued at $4,627,162.99. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Grimes & Company Inc sold 15,602 shares as Shire Plc (SHPG)'s stock declined 17.82%. The shares were sold at an average price of $245.67, for a total transaction of $9,914,995.53.

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