Is there a Bearish outlook for NVIDIA Corporation (NASDAQ:NVDA) this week?

October 13, 2017 - By Adrian Mccoy

 Is there a Bearish outlook for NVIDIA Corporation (NASDAQ:NVDA) this week?
Investors sentiment increased to 1.21 in Q2 2017. Its up 0.21, from 1 in 2017Q1. It improved, as 73 investors sold NVIDIA Corporation shares while 262 reduced holdings. 131 funds opened positions while 273 raised stakes. 388.29 million shares or 4.10% less from 404.87 million shares in 2017Q1 were reported.
The New York-based Lazard Asset Limited Liability Company has invested 0% in NVIDIA Corporation (NASDAQ:NVDA). Granite Point Capital L P accumulated 7,900 shares. Stifel Fincl Corp has invested 0.07% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). M, Oregon-based fund reported 4,210 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt holds 44,205 shares or 0.1% of its portfolio. Cibc Asset has invested 0.1% in NVIDIA Corporation (NASDAQ:NVDA). 6 are owned by Transamerica Finance Advsrs. Pittenger And Anderson has 775 shares for 0.01% of their portfolio. Crow Point Ptnrs Ltd Company accumulated 593 shares. Secor Capital Advsrs L P accumulated 12,167 shares or 0.16% of the stock. Pictet Bank & Ltd holds 3,010 shares. The Massachusetts-based Loomis Sayles Limited Partnership has invested 0% in NVIDIA Corporation (NASDAQ:NVDA). Commerzbank Aktiengesellschaft Fi holds 0.89% or 366,807 shares in its portfolio. Savant Cap Ltd Llc invested 0.08% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Smith Salley And reported 3,148 shares stake.

Since May 11, 2017, it had 0 buys, and 7 selling transactions for $39.65 million activity. Byron Michael sold $3.50 million worth of NVIDIA Corporation (NASDAQ:NVDA) on Friday, May 19. 2,500 shares were sold by Drell Persis, worth $325,048. $434,980 worth of NVIDIA Corporation (NASDAQ:NVDA) was sold by SEAWELL A BROOKE on Wednesday, May 24. The insider Shoquist Debora sold 63,717 shares worth $9.23 million. Another trade for 81,931 shares valued at $11.46M was sold by Puri Ajay K.

NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage

Among 43 analysts covering Nvidia Corporation (NASDAQ:NVDA), 23 have Buy rating, 5 Sell and 15 Hold. Therefore 53% are positive. Nvidia Corporation had 153 analyst reports since August 3, 2015 according to SRatingsIntel. The company was reinitiated on Monday, October 12 by TH Capital. Jefferies upgraded the stock to “Buy” rating in Thursday, September 17 report. As per Tuesday, January 10, the company rating was maintained by Canaccord Genuity. RBC Capital Markets maintained the shares of NVDA in report on Thursday, August 17 with “Buy” rating. As per Wednesday, June 15, the company rating was maintained by Wedbush. The firm has “Hold” rating by Topeka Capital Markets given on Friday, August 7. The rating was upgraded by Topeka Capital Markets to “Buy” on Friday, May 13. The rating was downgraded by Stifel Nicolaus on Wednesday, April 6 to “Neutral”. On Friday, November 11 the stock rating was maintained by Mizuho with “Buy”. The firm earned “Sell” rating on Friday, August 11 by Wells Fargo. Below is a list of NVIDIA Corporation (NASDAQ:NVDA) latest ratings and price target changes.

11/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
04/10/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $140 New Target: $200 Maintain
02/10/2017 Broker: SunTrust Rating: Buy New Target: $200.0 Maintain
24/09/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $110.0 Maintain
20/09/2017 Broker: B. Riley & Co Rating: Buy New Target: $200.0 Maintain
17/09/2017 Broker: Bank of America Rating: Buy New Target: $210.0 Maintain
15/09/2017 Broker: Evercore Rating: Buy New Target: $250.0
14/09/2017 Broker: Jefferies Rating: Buy New Target: $180.0 Maintain
14/09/2017 Broker: Susquehanna Rating: Hold New Target: $155.0
05/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain

The stock increased 0.05% or $0.09 during the last trading session, reaching $191.03. About 31,015 shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since October 13, 2016 and is uptrending. It has outperformed by 195.58% the S&P500.

Nvidia Corporation focuses on personal computer graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The company has market cap of $114.62 billion. The Company’s operates through two divisions: GPU and Tegra Processor. It has a 54.7 P/E ratio. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud visual computing users.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Finance.Yahoo.com which released: “Nvidia Corporation (NVDA) Stock Soars on Drive PX Pegasus Reveal” on October 10, 2017, also Seekingalpha.com with their article: “Retiring TSMC founder expects spending increases, praises Nvidia” published on October 06, 2017, Seekingalpha.com published: “Nvidia Is Powered By Strong Momentum” on October 09, 2017. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Seekingalpha.com and their article: “Nvidia: Enemy At The Gate” published on September 25, 2017 as well as Investorplace.com‘s news article titled: “NVIDIA Corporation (NVDA) Is Set to Easily Cross $200 per Share” with publication date: October 11, 2017.

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