Nvidia Muscles Higher On Third-Quarter Beat, Price-Target Hikes

Overpriced Stock: NVIDIA Corporation (NASDAQ:NVDA) Overvalued by -21.5%

According to today's trading volume NVIDIA Corporation is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. It improved, as 73 investors sold NVDA shares while 262 reduced holdings. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker's stock valued at $110,000 after buying an additional 206 shares during the period.

At the time of writing, the stock was trading at $1.20.

Huang also played down a recent announcement by bitter rivals Advanced Micro Devices Inc (AMD.O) and Intel to partner to take on Nvidia in graphic chips for PCs. The Essex Financial Services Inc holds 6,525 shares with $943,000 value, up from 3,625 last quarter. It also increased its holding in Proshares Tr (TBT) by 75,000 shares in the quarter, for a total of 250,000 shares, and has risen its stake in Intrexon Corp (NYSE:XON). Bahl And Gaynor Inc holds 0.02% or 44,655 shares in its portfolio.

Several other research firms have also issued reports on RPXC. KeyBanc Capital Markets upgraded NVIDIA Corporation (NASDAQ:NVDA) on Tuesday, June 20 to "Hold" rating. Of those, seven rate Nvidia stock as buy, three are neutral and one is at underperform. Canaccord Genuity maintained the stock with "Hold" rating in Friday, August 7 report. The stock of American Airlines Group Inc (NASDAQ:AAL) has "Overweight" rating given on Friday, September 22 by Barclays Capital. The firm issued a buy rating and a $109.00 price objective on the computer hardware maker's stock.

Among 3 analysts covering RPX Corporation (NASDAQ:RPXC), 1 have Buy rating, 1 Sell and 1 Hold.

Shares of NVidia closed Thursday down 1.8% at $205.32, with a consensus analyst price target of $169.55 and a 52-week range of $66.76 to $212.90. If you are accessing this news story on another website, it was illegally copied and republished in violation of United States & worldwide copyright & trademark law. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/11/10/nvidia-corporation-nvda-holdings-trimmed-by-wespac-advisors-socal-llc.html.

In related news, CFO David James Anderson sold 5,000 shares of RPX Corporation stock in a transaction on Thursday, November 2nd. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NVIDIA Corporation (NVDA) has a Return on Assets of 23.9 percent, Return on Investment of 19.8 percent and a Return on Equity of 39.4 percent. Another trade for 25,507 shares valued at $3.50M was sold by Byron Michael. Following the completion of the sale, the chief financial officer now owns 12,756 shares of the company's stock, valued at approximately $165,572.88. The disclosure for this sale can be found here. The insider Shoquist Debora sold 63,717 shares worth $9.23 million.

NVIDIA Corporation (NASDAQ:NVDA) investors were thrilled to see the chip giant's third quarter's execution soared, which has Susquehanna analyst Christopher Rolland cheering the company's most valued players of its earnings showcase: Data Center and Gaming.

The company's shares were up 2.5 per cent in extended trading on Thursday. Weekly performance analysis shows the equity at 0.00%. The stock has a market cap of $125,496.00, a P/E ratio of 58.75, a PEG ratio of 5.17 and a beta of 1.23.

Nvidia Corp. has a 52 week low of $24.75 and a 52 week high of $96.62.

RPX Corporation (NASDAQ:RPXC) last announced its quarterly earnings results on Monday, October 30th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.94 by $0.39. When it comes to net revenue, the average estimate from a total of 29 analysts is 2.36 billion - compared to $2 billion posted in the year-ago period. The firm's revenue was up 31.5% compared to the same quarter last year. sell-side analysts predict that NVIDIA Corporation will post 3.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. For the most recent quarter, quick ratio was 7, current ratio was 7.8, LT Debt/Equity ratio was 0.33 and Total Debt/Equity ratio stands at 0.35, while Payout ratio is 0.133. This is an increase from NVIDIA Corporation's previous quarterly dividend of $0.14. The Firm operates through its subsidiary, Rockland Trust Company. 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.

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