This works out to a net decrease in ownership of 7.67 million shares, and suggests that institutions are feeling bearish about the stock.
A number of other hedge funds also recently added to or reduced their stakes in the business.
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker's stock valued at $110,000 after purchasing an additional 206 shares during the last quarter. Hl Finance Svcs Ltd Limited Liability Company holds 0.18% in NVIDIA Corporation (NASDAQ:NVDA) or 62,674 shares. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. Appleton Partners Inc. MA lifted its position in shares of NVIDIA Corporation by 1.2% during the 2nd quarter. Advisors Preferred LLC now owns 2,310 shares of the computer hardware maker's stock valued at $158,000 after buying an additional 2,051 shares in the last quarter.
Over the a year ago, NVIDIA Corporation (NASDAQ:NVDA)'s stock has performed 177.32%.
On a weekly basis, the stock is 3.57%.
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A number of research analysts recently commented on NVDA shares. Mizuho reiterated a "buy" rating and set a $170.00 price target (up from $145.00) on shares of NVIDIA Corporation in a report on Wednesday, June 28th.
10/02/2017 - NVIDIA Corporation had its "buy" rating reiterated by analysts at SunTrust. Goldman Sachs Group, Inc. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. 0 analysts recommended Overweight these shares while 1 recommended Underweight, according to FactSet data.
Analysts are also projecting an Average Revenue Estimate for NVIDIA Corporation as $2.36 Million in the Current Quarter. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
NVIDIA Corporation (NVDA) stock directed 177.32% toward a higher level throughout a year ago and swapped 13.26% toward a strong spot during past one month. The stock price hovered in an intraday range of $182.03- $186.73. The disclosure for this sale can be found here. Over the last three months, the shares of the company have changed 18.93% and performed 89.62% over the last six months.
5 year sales growth rate is an important factor for valuation analysis, the industry's and the sector's growth for next 5 years ticked at -3.18 and -7.63 respectively. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned "Outperform" rating by Macquarie Research on Monday, August 3. The High end of the forecast is $0.91 per share, while the Low end is $0.79 per share.
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With a total market value of $0, NVIDIA has price-earnings ratio of 52.14 with a one year low of $63.70 and a one year high of $191.20. The company has Beta Value of 1.18 and ATR value of 4.58.
The share price of the company (NASDAQ:NVDA) was up +2.26%, with a high of 186.73 during the day and the volume of NVIDIA Corporation shares traded was 14011737. The corporation has a market cap of US$4.73 Billion. The computer hardware maker reported $1.01 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.69 by $0.32. Return on Equity (ROE) stands at 39.4% and Return on Investment (ROI) of 19.8 percent. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion.
Institutional owners hold 67.90% stake while Insiders ownership held at 0.50% in the company. The firm's revenue for the quarter was up 56.2% compared to the same quarter a year ago. Wedbush maintained NVIDIA Corporation (NASDAQ:NVDA) on Thursday, February 18 with "Outperform" rating. Stockholders of record on Thursday, August 24th were issued a dividend of $0.14 per share. Zacks upgraded it to "Hold" rating and $27 target in Tuesday, August 11 report. DJ US Aerospace & Defense Ishares (ITA)'s Williams %R presently stands at -15.98. The SI to Nvidia Corporation's float is 3.09%.
TRADEMARK VIOLATION WARNING: This news story was first posted by BBNS and is the property of of BBNS. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & global copyright and trademark laws. Moors & Cabot Inc.'s holdings in NVIDIA Corporation were worth $532,000 as of its most recent SEC filing.
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