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MKM Highlights Near-Term Challenges for Nvidia (NVDA)

MKM Highlights Near-Term Challenges for Nvidia (NVDA)

Several large investors have recently made changes to their positions in the company.

"The biggest controversy on the call continued to be the trajectory of gaming into the second quarter and in particular what it might imply for datacenter growth given the odd seasonality in the first half of the year".

NVIDIA Corporation (NVDA) has a Return on Assets of 30.6 percent, Return on Investment of 30.9 percent and a Return on Equity of 47 percent. Wolverine Asset Lc has invested 0.29% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Adirondack Trust Co. boosted its position in shares of Nvidia by 146.1% during the 1st quarter. Spectrum Management Group Inc. raised its stake in shares of Nvidia by 10.3% in the fourth quarter. Grassi Investment Management now owns 78,615 shares of the computer hardware maker's stock valued at $15,212,000 after buying an additional 1,075 shares in the last quarter. Spectrum Management Group Inc. now owns 2,360 shares of the computer hardware maker's stock worth $457,000 after purchasing an additional 220 shares during the last quarter. Country Trust Bank now owns 590 shares of the computer hardware maker's stock worth $114,000 after acquiring an additional 490 shares during the last quarter. The stock has a market capitalization of $150.96 billion, a P/E ratio of 54.85, a PEG ratio of 3.98 and a beta of 1.52. First Interstate National Bank has invested 0% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). The stock of NVIDIA Corporation (NASDAQ:NVDA) earned "Buy" rating by Mizuho on Thursday, February 8. Zacks Investment Research lowered shares of Nvidia from a "strong-buy" rating to a "hold" rating in a report on Monday, January 15th. The company pulled in $1.3 billion in operating profit, a 134% jump since a year past. BidaskClub raised Nvidia from a "buy" rating to a "strong-buy" rating in a report on Thursday, January 11th. Vetr downgraded Nvidia from a "strong-buy" rating to a "buy" rating and set a $275.09 price objective for the company.in a research report on Monday, March 12th. 17,307 NVIDIA Corporation (NASDAQ:NVDA) shs with value of $3.94 million were sold by PERRY MARK L. On Tuesday, March 27 Shoquist Debora sold $7.67 million worth of NVIDIA Corporation (NASDAQ:NVDA).

"With crypto now de-risked, in our view, and the new product launch in gaming ahead of us, we see positive risk-reward and would thus recommend investors to buy the stock". Following the completion of the transaction, the director now directly owns 20,963 shares in the company, valued at approximately $4,627,162.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. GAITHER JAMES C sold $9.91M worth of NVIDIA Corporation (NASDAQ:NVDA) on Thursday, February 15.

In related news, Director Persis Drell sold 5,141 shares of the business's stock in a transaction on Wednesday, March 28th. The disclosure for this sale can be found here. Insiders have sold a total of 94,959 shares of company stock valued at $22,692,182 over the last three months. Nvidia Corporation had 197 analyst reports since August 3, 2015 according to SRatingsIntel.




The stock decreased 2.15% or $5.6 during the last trading session, reaching $254.53. The Grimes & Company Inc holds 17,828 shares with $2.77 million value, down from 33,430 last quarter.

The company now has an insider ownership of 0.5 Percent and Institutional ownership of 68.8 Percent. Its 52-week high and low range is between $64.87 and $52.58.

The need for more processing power to render video games, mine digital currencies, and train machine learning programs to sort through medical images and plot paths for autonomous cars pushed Nvidia's revenue in the first quarter up 10 percent from the previous quarter and 66 percent over the past year. The computer hardware maker reported $1.72 EPS for the quarter, beating the consensus estimate of $1.16 by $0.56.

Its Generally Accepted Accounting Principles (GAAP) earnings per diluted share for the quarter stood at a record $1.98, up 151 per cent from $0.79 a year ago and up 11 per cent from $1.78 dollars in the previous quarter.

NVIDIA Corporation operates as a visual computing firm worldwide. It operates through two segments, GPU and Tegra Processor.

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