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NVIDIA Corporation (NVDA) loses confidence of 73 hedge fund managers

17 April 2018

Following the completion of the transaction, the director now directly owns 20,963 shares of the company's stock, valued at approximately $4,627,162.99. West Oak Capital Llc sold 50 shares as the company's stock rose 15.49% while stock markets declined. The stock decreased 0.64% or $1.475 during the last trading session, reaching $230.025. About 10.33M shares traded or Infinity% up from the average.

NVIDIA Corporation (NVDA) is U.S. based company. The stock outperformed the S&P 500 by 96.78%. Koshinski Asset Management reported 5,304 shs. Natixis Asset Management who had been investing in Nvidia Corp. for a number of months, seems to be bullish on the $140.06B market cap company. The institutional investor held 333,895 shares of the semiconductors company at the end of 2017Q4, valued at $66.04 million, up from 329,306 at the end of the previous reported quarter. Trust Department Mb Financial Bank N A who had been investing in Prosperity Bancshares Inc. for a number of months, seems to be less bullish one the $5.06B market cap company. The stock decreased 1.35% or $1.58 during the last trading session, reaching $115.06. 8,760,598 shares of the company traded hands, compared to its average volume of 16,459,779. Checking on recent price levels compared to prior highs and lows, we have seen that NVIDIA Corporation (NVDA) recently traded -9.04% away from the 50-day high and moved 13.48% from the 50-day low. Also, Director James C. Gaither sold 40,359 shares of Nvidia stock in a transaction dated Thursday, February 15th. The positive are 67%. Gartner Inc had 49 analyst reports since August 3, 2015 according to SRatingsIntel. On Wednesday, July 12 the stock rating was upgraded by SunTrust to "Buy". The company presently has a consensus rating of "Buy" and a consensus target price of $217.16. UBS maintained the stock with "Buy" rating in Friday, January 6 report. The firm earned "Buy" rating on Tuesday, November 10 by Cantor Fitzgerald. Mizuho reiterated a "buy" rating and set a $225.00 price objective on shares of NVIDIA in a research note on Tuesday, November 28th. Argus gave the stock a Buy rating, while setting a price target at $280 in a research note from Thursday, March 22nd, 2018.

Analysts await NVIDIA Corporation (NASDAQ:NVDA) to report earnings on May, 8. The rating was downgraded by Standpoint Research on Thursday, December 1 to "Hold". The company was maintained on Friday, November 24 by RBC Capital Markets. Fiduciary Finance Services Of The Southwest Tx accumulated 1,259 shares or 0.07% of the stock. It also reduced its holding in Berkshire Hathaway Inc (BRKA) by 3 shares in the quarter, leaving it with 12 shares, and cut its stake in International Business Machines Corp (NYSE:IBM).

In total 21 analysts cover Nvidia (NASDAQ:NVDA). They expect $1.48 earnings per share, up 80.49% or $0.66 from last year's $0.82 per share. NVDA's profit will be $898.41 million for 38.86 P/E if the $1.48 EPS becomes a reality. 171 shares valued at $31,732 were sold by Kress Colette on Wednesday, December 13. $3.94M worth of stock was sold by PERRY MARK L on Monday, February 12.

During 2017 Q4 the big money sentiment decreased to 1.21. Its up 0.05, from 1.17 in 2017Q3. It worsened, as 59 investors sold NVDA shares while 301 reduced holdings.

Institutional investors and hedge funds have recently made changes to their positions in the stock. 363.65 million shares or 6.07% less from 387.15 million shares in 2017Q3 were reported. Lord Abbett & Limited Liability reported 6.03M shares. Blair William And Il reported 141,931 shares. Monetary Mngmt Gp Inc stated it has 700 shares or 0.05% of all its holdings. Point72 Asia (Hong Kong) Ltd has 799 shares.

Moreover, Fiduciary Tru has 0.04% invested in NVIDIA Corporation (NASDAQ:NVDA). Barrett Asset Management Limited Liability Corporation, a New York-based fund reported 250 shares. Apg Asset Nv invested in 549,217 shares or 0.16% of the stock.

NVIDIA Corporation (NVDA) received negative focus on Friday. Shares are now at 137.90% over the past year and year to date performance pointed at 19.64%. National Asset Mngmt Incorporated holds 11,800 shares.

NVIDIA Corporation (NVDA) stock price traded at a gap of -0.41% from an average price of last twenty days and stands at a distance of -2.02% away from it's an average price of recent fifty days. Keywise has 240,220 shares. Koch Industry accumulated 5,971 shares. Summit Securities Ltd Liability Co holds 86,200 shares or 1.98% of its portfolio.

Since October 17, 2017, it had 3 insider buys, and 146 selling transactions for $102.26 million activity.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. The stock was sold at an average price of $116.70, for a total value of $5,835,000.00. Four equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation, twenty-three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. Therefore 78% are positive. Potash Corp had 73 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Gartner, Inc. The company was maintained on Friday, February 9 by Citigroup. The rating was maintained by Piper Jaffray on Wednesday, January 3 with "Buy". BMO Capital Markets maintained Gartner, Inc. As per Monday, May 16, the company rating was initiated by Canaccord Genuity. The firm earned "Sell" rating on Tuesday, March 22 by Paradigm Research.

Investors sentiment decreased to 1.02 in 2017 Q4. Its down 0.06, from 0.83 in 2017Q3. It fall, as 39 investors sold CRM shares while 274 reduced holdings. 134 funds opened positions while 676 raised stakes. Sfmg Lc owns 14,251 shares or 0.2% of their United States portfolio.

NVIDIA Corporation (NVDA) loses confidence of 73 hedge fund managers