The stock of NVIDIA Corporation (NASDAQ:NVDA) is a huge mover today! About 17.10M shares traded hands or 93.00% up from the average. NVIDIA Corporation (NASDAQ:NVDA) has risen 88.88% since April 11, 2016 and is uptrending. It has outperformed by 82.73% the S&P500.
The move comes after 5 months positive chart setup for the $43.28B company. It was reported on Nov, 11 by Barchart.com. We have $136.96 PT which if reached, will make NASDAQ:NVDA worth $27.70B more.
NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage
Out of 29 analysts covering Nvidia Corporation (NASDAQ:NVDA), 17 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 59% are positive. $97 is the highest target while $20 is the lowest. The $50.07 average target is -40.04% below today’s ($83.51) stock price. Nvidia Corporation has been the topic of 81 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was maintained by M Partners with “Neutral” on Wednesday, November 4. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Underweight” rating by Barclays Capital on Thursday, January 14. The firm has “Buy” rating by Goldman Sachs given on Friday, August 12. Wedbush maintained NVIDIA Corporation (NASDAQ:NVDA) on Friday, May 13 with “Outperform” rating. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Neutral” rating given on Friday, August 7 by TH Capital. The rating was maintained by Wedbush with “Outperform” on Wednesday, June 15. Morgan Stanley maintained it with “Equal-Weight” rating and $30 target price in Friday, November 6 report. Morgan Stanley downgraded NVIDIA Corporation (NASDAQ:NVDA) rating on Friday, August 7. Morgan Stanley has “Underweight” rating and $21 price target. Wedbush maintained the shares of NVDA in a report on Friday, February 12 with “Outperform” rating. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Buy” rating given on Thursday, September 17 by Jefferies.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.36, from 1.38 in 2016Q1. The ratio turned negative, as 45 funds sold all NVIDIA Corporation shares owned while 245 reduced positions. 117 funds bought stakes while 178 increased positions. They now own 449.32 million shares or 5.27% less from 474.31 million shares in 2016Q1.
Meritage Mgmt holds 349,894 shares or 1.85% of its portfolio. Cornerstone Advsrs owns 6,200 shares or 0.07% of their US portfolio. Archford Cap Strategies Lc holds 1,599 shares or 0.04% of its portfolio. Verition Fund Mngmt Ltd has 0.08% invested in the company for 13,627 shares. Arrowpoint Asset Mgmt Ltd Company has invested 0.36% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Comerica Bancorporation last reported 152,633 shares in the company. Concert Wealth Mngmt holds 34,765 shares or 0.22% of its portfolio. The Kentucky-based Hl Fincl Limited Com has invested 0.14% in NVIDIA Corporation (NASDAQ:NVDA). First Midwest National Bank & Trust Trust Division holds 0.22% or 38,490 shares in its portfolio. Lba Wealth Lc holds 0.55% or 20,925 shares in its portfolio. Bank Of Nova Scotia holds 0% or 10,192 shares in its portfolio. The Illinois-based Prudential Pcl has invested 0.16% in NVIDIA Corporation (NASDAQ:NVDA). The New Jersey-based Caxton Associate Lp has invested 0.06% in NVIDIA Corporation (NASDAQ:NVDA). Bell Savings Bank And Trust holds 0.38% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 14,067 shares. Morgens Waterfall Vintiadis And Communication accumulated 1.17% or 27,000 shares.
Insider Transactions: Since May 16, 2016, the stock had 0 insider purchases, and 16 insider sales for $58.18 million net activity. Kress Colette had sold 38,039 shares worth $2.37 million on Monday, August 29. COXE TENCH also sold $3.28 million worth of NVIDIA Corporation (NASDAQ:NVDA) on Wednesday, October 12. $2.24M worth of NVIDIA Corporation (NASDAQ:NVDA) shares were sold by Shoquist Debora. On Monday, May 16 SHANNON DAVID M sold $11.40 million worth of the stock or 271,049 shares. HUANG JEN HSUN also sold $2.77 million worth of NVIDIA Corporation (NASDAQ:NVDA) shares. Drell Persis had sold 2,361 shares worth $157,200. Shares for $1.88M were sold by SEAWELL A BROOKE.
More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Fool.com which released: “NVIDIA Corporation Delivers Blowout Earnings Results” on November 11, 2016, also Valuewalk.com with their article: “NVIDIA Corporation Stock Skyrockets On Earnings, Walt Disney Co Falls” published on November 10, 2016, Nasdaq.com published: “NVIDIA Corporation Announces 124% Gain In Q3 Bottom Line” on November 10, 2016. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Fool.com and their article: “NVIDIA Corporation Reportedly Planning to Launch GeForce GTX 1080 Ti Soon” published on November 04, 2016 as well as Fool.com‘s news article titled: “NVIDIA Corporation Scores the Microsoft Surface Studio, Surface Book i7” with publication date: October 29, 2016.
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.
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