Mission Statement: “For 20 years, NVIDIA has pioneered the art and science of visual computing. We’re transforming static displays into immersive, interactive experiences for everyone from gamers to scientists, and consumers to enterprise customers.”
November 9, 2017 NVIDIA announced financial results for the fiscal third quarter, ended October 29, 2017.
The company delivers record annual and quarterly revenue and per share!
Revenue for the third quarter of fiscal 2017 was a record 2.64 billion US-Dollar, an increase of 32 percent from 2.00 billion US-Dollar in the third quarter of fiscal 2016, and up 18 percent from 2.23 billion US-Dollar in the previous quarter, with growth across all its platforms.
Gaming continues to be by far the biggest contributor to Nvidia's financial well being. The chip maker reported gaming revenue of 1.56 million US-Dollar, up 8% year-over-year.
GAAP per diluted share increased by 60% over the year, from $0.83 to $1.33.
Operating income in the third quarter of fiscal year 2017 was 895 million US-Dollar. This is 40% more than the figure achieved a year ago.
The company returned 1.16 billion US-Dollar to shareholders through stock repurchases and cash dividends.
For the fourth quarter of 2017, Nvidia expects revenue growth of approximately 1 percent to be 2.65 billion US-Dollar.
According to observed analysts NVDA’s price target raised from $250.00 to $270.00. The average price target increased to $187.83. The lowest price target stayed at $75.00
P/E ratio: 66.66 / Sales growth: 37.92% / Profit growth: 171.34% / Dividend: $0,49/0,24% (Source: teletrader).
Today NVDA’s stock price is about 205.32 US-Dollar a share.
What say the methods I use?
The risk management tool used here is the own-developed “Traffic Signals System” ( TSS ) and it will be implemented in my future analyses.
The black line in the chart: the starting price of the idea is 188.72 US-Dollar.
The red line in the chart: the stop loss is lying at 200 US-Dollar. The profit in this idea is secured with 6 percent.
The green line in the chart: Here is the all-time high.
Oscillator: has maneuvered itself into the overbought situation.
Preis indicator: The stock price is above the SMA200 and, therefore it is signal.
Trend indicator: was able to find a bottom and is currently as for me.
And then there is also a new GAP (yellow circle in the chart!). Can this be another "breakaway GAP"? The trend also remains strong (see the trend in the chart)!
Nvidia continues to be an idea to go long as for me! On the one hand, the fundamental data as well as the analytical opinions are promising in the long term. The chart also remains strong, with the break-away GAP ... and all in the trend!
The position trade runs like clockwork and the profit is secured.
Main parameters of the idea:
Start of the idea: $188.72
Recent stock price: $215.72 (+ 14.31% from the starting price)
Stop-Loss of the idea: $200 (+ 5.98% from the starting price)
Take Profit of the idea: $270 (new highest price target)
This idea has been running for 33 days.
"The trading ideas published here are neither to be understood as a recommendation nor as an offer or an invitation to buy or sell financial instruments and should not be understood as such.
You must also assume that the author holds the recommended position in his portfolio and benefits from the implementation of his trading ideas."