Nvidia brings in record revenue for its fiscal Q1 2019

Nvidia Blows Out Q1 Estimates Raises Q2 Sales Guidance

113 funds bought holdings and 321 increased holdings.

Zevenbergen Capital Investments Llc increased Best Inc. stake by 474,670 shares to 2.39 million valued at $21.49M in 2017Q4. About 7.46 million shares traded.

Nvidia shares are down 1.8% to $255.54. Conning holds 15,993 shares. DnB Asset Management AS now owns 75,858 shares of the computer hardware maker's stock worth $14,679,000 after acquiring an additional 5,800 shares during the last quarter.

Bluestein R H & Company operates about $2.94 billion and $1.82 billion US Long portfolio. It also upped Paccar Inc (NASDAQ:PCAR) stake by 76,818 shares and now owns 83,066 shares. Contour Asset Mngmt Limited reported 245,983 shs.

The company is estimated to report earnings on May 10 AMC. Fil Ltd holds 8,680 shares or 0% of its portfolio.

Thanks to the continuing boom in artificial intelligence applications and cryptocurrency "mining" that both use large numbers of its graphics processing units, Nvidia reported a first-quarter profit of $1.98 a share, up 145 percent from a year ago. Navellier & Associate owns 63,101 shares.

Since December 13, 2017, it had 0 insider buys, and 7 insider sales for $22.84 million activity. New York-based Kepos Cap L P has invested 0.2% in NVIDIA Corporation (NASDAQ:NVDA). Shares for $31,732 were sold by Kress Colette. Tiaa Cref Inv Management Llc accumulated 0.43% or 3.39M shares. Another trade for 103 shares valued at $23,496 was made by Byron Michael on Friday, March 2. Also, Director James C. Gaither sold 40,359 shares of the firm's stock in a transaction that occurred on Thursday, February 15th.

Grimes & Company Inc decreased Shire Plc (SHPG) stake by 46.67% reported in 2017Q4 SEC filing.

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

Revenue from Nvidia's data center business, which powers cloud-based services, such as Amazon Web Services, rose 71 percent to US$701 million, but missed analysts' estimate of US$703 million, Thomson Reuters I/B/E/S said.

The stock closed at an all-time high of $260.50 on Thursday, but shares traded lower after the announcement, down about 1.4% at $257.17. The shares were sold at an average price of $220.73, for a total value of $1,134,772.93.

Investors must have been hoping for a boost to Nvidia's $0.60 annual dividend. NVDA outperformed the S&P 500 by 96.78%. The shares of Deere & Company (NYSE:DE), has slumped by -7.25% year to date as of 05/09/2018.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Seekingalpha.com which released: "Analyst raise Nvidia's price targets after earnings" on May 11, 2018, also Seekingalpha.com with their article: "Nvida: Impressive Results, Shareholders Disappointed" published on May 11, 2018, Benzinga.com published: "Morgan Stanley Lifts Nvidia Price Target After Strong Q1" on May 11, 2018.

Nvidia (NASDAQ:NVDA) can add one more robust quarterly show to its track record, trouncing its own first fiscal quarter guide for 2019 as well as the Street's expectations. The scale is 1 to 5 where a Strong Buy rating is a 1 sliding down to a Strong Sell rating for a 5. Therefore 78% are positive.

"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". 28 are the (NASDAQ:NVDA)'s analyst reports since November 17, 2017 according to StockzIntelligence Inc. The firm presently has a "buy" rating on the computer hardware maker's stock. On Thursday, February 8 the company was maintained by Bernstein. Asset Corp holds 0.06% in NVIDIA Corporation (NASDAQ:NVDA) or 2,000 shares. On Friday, November 17 the stock rating was maintained by RBC Capital Markets with "Buy". On Thursday, May 3 the stock has "Overweight" rating by Barclays Capital. The company was maintained on Tuesday, March 27 by SunTrust.

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