Were Analysts Bearish NVIDIA Corporation (NASDAQ:NVDA) This Week?

August 9, 2018 - By Jason Dias

NVIDIA Corporation (NASDAQ:NVDA) LogoInvestors sentiment decreased to 1.2 in 2018 Q1. Its down 0.01, from 1.21 in 2017Q4. It is negative, as 65 investors sold NVIDIA Corporation shares while 328 reduced holdings. 142 funds opened positions while 328 raised stakes. 357.39 million shares or 1.72% less from 363.65 million shares in 2017Q4 were reported.
Moreover, Avalon Advsrs Llc has 0.39% invested in NVIDIA Corporation (NASDAQ:NVDA) for 56,086 shares. Guinness Atkinson Asset Management Inc holds 4.58% or 32,385 shares in its portfolio. Lincoln Natl invested 0.02% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). First Bank Company Of Newtown holds 1,000 shares. Neumann Capital Management Limited Liability Corporation reported 18,060 shares. Goldman Sachs Gp reported 4.15 million shares. Community Ser Group Inc Limited Liability Com stated it has 0.09% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Moore Cap Mgmt L P stated it has 0.19% in NVIDIA Corporation (NASDAQ:NVDA). Cookson Peirce And has 126,593 shares. Spc Fincl stated it has 0.09% in NVIDIA Corporation (NASDAQ:NVDA). Whale Rock Capital Mngmt Lc owns 436,730 shares or 3.44% of their US portfolio. Neuberger Berman Group Lc holds 0.07% or 261,333 shares in its portfolio. Highstreet Asset Mgmt Inc has 0.08% invested in NVIDIA Corporation (NASDAQ:NVDA) for 5,441 shares. Thompson Davis & reported 1,000 shares. Bluestein R H reported 7,601 shares or 0.1% of all its holdings.

Since February 12, 2018, it had 0 buys, and 13 selling transactions for $90.31 million activity. Another trade for 5,141 shares valued at $1.13M was made by Drell Persis on Wednesday, March 28. Another trade for 889 shares valued at $229,042 was sold by Kress Colette. PERRY MARK L had sold 17,307 shares worth $3.94M. 21,029 NVIDIA Corporation (NASDAQ:NVDA) shares with value of $5.57M were sold by SEAWELL A BROOKE. $11.23M worth of NVIDIA Corporation (NASDAQ:NVDA) was sold by Puri Ajay K. The insider JONES HARVEY C sold $24.21 million.

NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage

Among 15 analysts covering Nvidia (NASDAQ:NVDA), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Nvidia has $34000 highest and $240 lowest target. $289.71’s average target is 12.11% above currents $258.42 stock price. Nvidia had 24 analyst reports since March 7, 2018 according to SRatingsIntel. Bank of America maintained NVIDIA Corporation (NASDAQ:NVDA) on Tuesday, April 3 with “Buy” rating. Barclays Capital upgraded the shares of NVDA in report on Thursday, May 3 to “Overweight” rating. FBR Capital maintained NVIDIA Corporation (NASDAQ:NVDA) on Friday, May 11 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Friday, May 11 with “Hold”. On Friday, May 4 the stock rating was maintained by Goldman Sachs with “Buy”. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Buy” rating given on Monday, May 14 by Bank of America. UBS maintained NVIDIA Corporation (NASDAQ:NVDA) on Friday, May 11 with “Neutral” rating. Evercore maintained NVIDIA Corporation (NASDAQ:NVDA) on Wednesday, April 4 with “Buy” rating. The firm has “Hold” rating by UBS given on Monday, June 18. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Buy” rating given on Wednesday, March 7 by Rosenblatt. Below is a list of NVIDIA Corporation (NASDAQ:NVDA) latest ratings and price target changes.

26/06/2018 Broker: FBR Capital Rating: Buy New Target: $300.0000 Maintain
26/06/2018 Broker: FBN Securities Rating: Outperform New Target: $300 Initiates Coverage On
26/06/2018 Broker: Benchmark Rating: Buy New Target: $280 Initiates Coverage On
18/06/2018 Broker: UBS Rating: Hold New Target: $285.0000 Maintain
17/05/2018 Broker: Cowen & Co Rating: Outperform New Target: $325 Initiates Coverage On
14/05/2018 Broker: Bank of America Rating: Buy New Target: $340.0000 Maintain
11/05/2018 Broker: Goldman Sachs Rating: Buy New Target: $310.0000 Maintain
11/05/2018 Broker: Rosenblatt Rating: Buy New Target: $315.0000 Maintain
11/05/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $243.0000 Maintain
11/05/2018 Broker: UBS Old Rating: Neutral New Rating: Neutral Old Target: $250 New Target: $266 Maintain

The stock increased 0.57% or $1.47 during the last trading session, reaching $258.42. About 5.33M shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 80.30% since August 9, 2017 and is uptrending. It has outperformed by 67.73% the S&P500.

NVIDIA Corporation operates as a visual computing firm worldwide. The company has market cap of $156.86 billion. It operates in two divisions, GPU and Tegra Processor. It has a 42.96 P/E ratio. The GPU segment offers processors, which include GeForce for PC gaming; GeForce NOW for cloud game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for deep learning, accelerated computing, and general purpose computing; and GRID for cloud visual computing users.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Benzinga.com which released: “Nvidia’s Q2 Likely To Be ‘Noisy,’ But Goldman Sachs Remains Bullish” on August 08, 2018, also Nasdaq.com with their article: “Have All Nvidia (NVDA) Rumors Already Been Priced In?” published on July 25, 2018, Thestreet.com published: “Nvidia One of the Few Chip Companies to Possess This Warren Buffett Trait” on August 07, 2018. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Seekingalpha.com and their article: “Smooth ride for Tesla after earnings” published on August 02, 2018 as well as Benzinga.com‘s news article titled: “Morgan Stanley: Nvidia ‘The Cleanest Growth Story In Semis,’ With New Products Ahead” with publication date: July 17, 2018.

NVIDIA Corporation (NASDAQ:NVDA) Institutional Positions Chart

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