Stock Buzzer: Could NVIDIA Corporation See a Reversal After Breaking All Highs?

Stock Buzzer: Could NVIDIA Corporation See a Reversal After Breaking All Highs?

The stock of NVIDIA Corporation (NASDAQ:NVDA) reached all time high today, Nov, 11 and still has $103.71 target or 23.00% above today’s $84.32 share price. This indicates more upside for the $43.70 billion company. This technical setup was reported by Barchart.com. If the $103.71 PT is reached, the company will be worth $10.05B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 15.47 million shares traded hands or 74.60% 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.

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 -40.62% below today’s ($84.32) stock price. Nvidia Corporation has been the topic of 81 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, September 20 by Suntrust Robinson. The rating was downgraded by Wells Fargo to “Underperform” on Friday, July 15. The firm has “Buy” rating given on Friday, August 7 by Stifel Nicolaus. The firm earned “Buy” rating on Friday, August 12 by Mizuho. RBC Capital Markets maintained it with “Outperform” rating and $80 target price in Tuesday, November 8 report. The rating was reinitiated by RBC Capital Markets on Friday, August 28 with “Sector Perform”. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Buy” rating by M Partners on Thursday, September 15. The firm has “Buy” rating by Topeka Capital Markets given on Friday, May 13. As per Monday, August 15, the company rating was maintained by Argus Research. Roth Capital upgraded the shares of NVDA in a report on Friday, May 13 to “Buy” rating.

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 Q2 2016. Its down 0.36, from 1.38 in 2016Q1. The ratio worsened, 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.
Hanseatic Mngmt Ser accumulated 1.33% or 74,293 shares. Asset Management has 2,400 shares for 0% of their US portfolio. Ifc Hldg Fl holds 0.05% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 8,639 shares. Colony Ltd Limited Liability Company holds 0.03% or 5,100 shares in its portfolio. Moreover, Commonwealth Equity Inc has 0.03% invested in NVIDIA Corporation (NASDAQ:NVDA) for 77,144 shares. Cibc World has 0.02% invested in the company for 81,108 shares. The Germany-based Deutsche Comml Bank Ag has invested 0.21% in NVIDIA Corporation (NASDAQ:NVDA). Acadian Asset Ltd Liability Corp holds 0% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 17,360 shares. Cowen Gru Inc Inc has 0.07% invested in the company for 21,818 shares. Cap Fund accumulated 0.08% or 187,770 shares. Lorem Ipsum Mgmt Ltd Liability has 4.05% invested in the company for 40,000 shares. Twin Capital Management, a Pennsylvania-based fund reported 42,540 shares. Todd Asset Mngmt Llc has invested 0.99% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Royal London Asset Management Limited has invested 0.13% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Hsbc Holdings Public Limited Company has invested 0.04% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA).

Insider Transactions: Since May 16, 2016, the stock had 0 buys, and 16 selling transactions for $58.18 million net activity. 19,347 shares were sold by Byron Michael, worth $839,180 on Thursday, May 19. Another trade for 30,000 shares valued at $1.88M was made by SEAWELL A BROOKE on Friday, September 16. On Monday, August 29 Kress Colette sold $2.37M worth of the stock or 38,039 shares. On Friday, May 20 the insider HUANG JEN HSUN sold $1.86M. On Tuesday, May 24 STEVENS MARK A sold $6.81M worth of the stock or 150,000 shares. The insider SHANNON DAVID M sold $11.40M. Shares for $5.88 million were sold by COXE TENCH on Friday, September 30.

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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