Stock On Watch: Nvidia Corp (NASDAQ:NVDA): Positive Stock Sentiment

November 28, 2016 - By Pete Kolinski   ·   0 Comments

Stock On Watch: Nvidia Corp (NASDAQ:NVDA): Positive Stock Sentiment

Sentiment for Nvidia Corp (NASDAQ:NVDA)

Nvidia Corp (NASDAQ:NVDA) institutional sentiment increased to 1.12 in Q2 2016. Its up 0.10, from 1.02 in 2016Q1. The ratio is positive, as 295 hedge funds started new or increased equity positions, while 290 cut down and sold their holdings in Nvidia Corp. The hedge funds in our partner’s database reported: 449.32 million shares, down from 474.31 million shares in 2016Q1. Also, the number of hedge funds holding Nvidia Corp in their top 10 equity positions increased from 14 to 21 for an increase of 7. Sold All: 45 Reduced: 245 Increased: 178 New Position: 117.

NVIDIA Corporation is engaged in visual computing. The company has a market cap of $50.48 billion. The Firm operates through divisions, including GPU and Tegra Processor. It has a 49.21 P/E ratio. The Company’s GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.

About 4,734 shares traded hands. NVIDIA Corporation (NASDAQ:NVDA) has risen 158.33% since April 25, 2016 and is uptrending. It has outperformed by 152.31% the S&P500.

Analysts await NVIDIA Corporation (NASDAQ:NVDA) to report earnings on February, 15. They expect $0.86 earnings per share, up 145.71% or $0.51 from last year’s $0.35 per share. NVDA’s profit will be $463.32 million for 27.24 P/E if the $0.86 EPS becomes a reality. After $0.83 actual earnings per share reported by NVIDIA Corporation for the previous quarter, Wall Street now forecasts 3.61% EPS growth.

According to Zacks Investment Research, “NVIDIA Corporation designs, develops and markets a top-to-bottom family of award-winning 3D graphics processors, graphics processing units and related software that set the standard for performance, quality and features for every type of desktop personal computer user, from professional workstations to low-cost computers. NVIDIA Corporation’s 3D graphics processors are used in a wide variety of applications, including games, the Internet and industrial design.”

Keywise Capital Management Ltd holds 28.36% of its portfolio in NVIDIA Corporation for 1.15 million shares. Trinity Street Asset Management Llp owns 563,363 shares or 6.15% of their US portfolio. Moreover, Contour Asset Management Llc has 5.45% invested in the company for 1.71 million shares. The California-based Guinness Atkinson Asset Management Inc has invested 4.95% in the stock. Sensato Investors Llc, a California-based fund reported 537,700 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 15 insider sales for $46.42 million net activity.

NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage

Ratings analysis reveals 62% of Nvidia Corporation’s analysts are positive. Out of 29 Wall Street analysts rating Nvidia Corporation, 18 give it “Buy”, 1 “Sell” rating, while 10 recommend “Hold”. The lowest target is $20 while the high is $106. The stock’s average target of $53.51 is -42.89% below today’s ($93.7) share price. NVDA was included in 84 notes of analysts from August 3, 2015. Roth Capital initiated the stock with “Neutral” rating in Monday, October 12 report. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Underweight” rating given on Friday, August 12 by Barclays Capital. The company was upgraded on Friday, August 7 by TH Capital. Topeka Capital Markets upgraded the shares of NVDA in a report on Friday, May 13 to “Buy” rating. The stock has “Buy” rating given by Jefferies on Friday, August 12. As per Wednesday, April 6, the company rating was maintained by Deutsche Bank. Topeka Capital Markets maintained NVIDIA Corporation (NASDAQ:NVDA) on Friday, August 7 with “Hold” rating. Canaccord Genuity maintained the shares of NVDA in a report on Friday, August 7 with “Hold” rating. The stock has “Buy” rating given by Goldman Sachs on Thursday, June 2. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Outperform” rating by Wedbush on Friday, November 6.

NVDA Company Profile

NVIDIA Corporation (NVIDIA), incorporated on February 24, 1998, is engaged in visual computing. The Firm operates through divisions, including GPU and Tegra Processor. The Firm allows to open up new avenues of exploration, facilitate creativity and discovery, and power breakthroughs in areas like artificial intelligence, virtual reality and autonomous cars. It focuses on markets, such as gaming, professional visualization, datacenter and automotive. The Company’s vertical integration enables to bring together hardware, system software, programmable algorithms, systems and services.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Fool.com which released: “NVIDIA Corporation CEO Talks Up Nintendo Partnership” on November 21, 2016, also Fool.com with their article: “NVIDIA Corporation’s Biggest Business Surged 63% Last Quarter” published on November 20, 2016, Fool.com published: “Why NVIDIA Corporation’s Data-Center Business Surged 193% Last Quarter” on November 19, 2016. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Fool.com and their article: “3 Things NVIDIA Corporation’s Management Wants You to Know” published on November 15, 2016 as well as Fool.com‘s news article titled: “NVIDIA Corporation Delivers Blowout Earnings Results” with publication date: November 11, 2016.

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By Pete Kolinski


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