Nvidia Corporation (NASDAQ: NVDA) Receives Outperform Rating From Wedbush Analysts

GAAP earnings per diluted share for the quarter were $0.44, up 42 percent from $0.31 a year earlier and up from $0.05 in the previous quarter.

NVIDIA said it expects to revenue of $1.3 billion, plus or minus 2% for the fourth quarter of fiscal 2016.

ArcelorMittal SA (ADR) (NYSE: MT) plans to raise as much as R4.5 billion ($324 million) in a rights offer to reduce debt and invest in plants as the continent's biggest steelmaker said its 2015 loss will be 11 times bigger than last year's. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and good cash flow from operations. Visit MarketWatch.com for more information on this news. Equities research analysts anticipate that NVIDIA will post $1.04 earnings per share for the current fiscal year. Jefferies Group lifted their price objective on shares of NVIDIA from $30.00 to $34.00 and gave the company a buy rating in a report on Tuesday. A total of 8.21M shares of the company's stock traded hands. Vetr downgraded it to "Buy" rating and $25.87 target price in a September 17 report. The analysts upgraded NVDA stock from a "Neutral" rating to a "Buy" rating.

Unlike Deutsche Bank's latest rating, based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. NVIDIA presently has an average rating of Hold and a consensus target price of $25.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of NVIDIA (NASDAQ: NVDA) traded up 13.86% during mid-day trading on Friday, hitting $31.55. Following the transaction, the insider now directly owns 140,007 shares of the company's stock, valued at $3,500,175. In the past twelve weeks, the net percent change held by company insiders has changed by -4.23%. Also, CEO Jen Hsun Huang sold 170,000 shares of the business's stock in a transaction dated Monday, August 17th. The disclosure for this sale can be found here.

NVIDIA Corporation (NASDAQ: NVDA) is participated in visual computing, empowering people to communicate with entertainment, data and digital thoughts. The Company is engaged in creating NVIDIA-branded services and products, offering its processors to original equipment manufacturers (OEMs), and licensing its intellectual property. NVIDIA- branded products and services are visual computing platforms that address four markets: Gaming, Enterprise, High-Performance Computing & Cloud, and Automotive.

Nvidia's chips are graphics processing units used to display animated scenes in game software. It has three GPU product brands: GeForce, Quadro and Tesla. The Tegra central processing units of the Company's are mainly made to enable its branded systems: DRIVE and SHIELD.