GRATRY & Co LLC Lowers Stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) Short Interest Down 17.5% in September

NVIDIA Corporation (NVDA) Short Interest Down 17.5% in September

NVIDIA Corporation (NASDAQ:NVDA) now has an average analyst recommendation of 2.40 according to analysts. As of September 29th, there was short interest totalling 14,755,916 shares, a drop of 17.5% from the September 15th total of 17,880,570 shares. Contour Asset Limited Liability Company has 253,291 shares for 2.21% of their portfolio.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Investorplace.com which released: "NVIDIA Corporation (NVDA) Is Set to Easily Cross $200 per Share" on October 11, 2017, also Seekingalpha.com with their article: "Nvidia: Enemy At The Gate" published on September 25, 2017, Fool.com published: "Intel Corporation Reportedly Snatches Tesla Inc". The firm's 50-day moving average is $175.31 and its 200-day moving average is $147.71. The company has a market cap of $116.80 billion, a price-to-earnings ratio of 55.9888 and a beta of 1.28. NVIDIA Corporation has a 52-week low of $65.52 and a 52-week high of $193.09.

NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.32. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $1.96 billion. They expect $0.94 EPS, up 13.25% or $0.11 from last year's $0.83 per share. The business's revenue was up 56.2% compared to the same quarter past year. The RSI for NVIDIA Corporation (NASDAQ:NVDA) now stands at 72.99. Stockholders of record on Thursday, August 24th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Tuesday, August 22nd.

A number of brokerages have recently weighed in on NVDA. Summit Redstone set a $120.00 price objective on shares of NVIDIA and gave the stock a buy rating in a research report on Saturday, February 11th. Bank of America Corporation reiterated a "buy" rating and issued a $185.00 price objective on shares of NVIDIA Corporation in a research note on Wednesday, June 21st. Goldman Sachs Group, Inc. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of "Hold" and an average price target of $159.23.

In other news, insider Jen Hsun Huang sold 110,000 shares of NVIDIA Corporation stock in a transaction that occurred on Wednesday, September 6th. The last stock price is up 29.33% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NVIDIA Corporation (NVDA) opened at 191.03 on Friday. One of the quickest ways to determine the projected value of a stock is the price to earnings growth, or PEG ratio. The disclosure for this sale can be found here.

Nvidia shares were up 1.2%, near 193.25, in morning trading on the stock market today. Institutional investors and hedge funds own 65.79% of the company's stock. Oppenheimer Asset Management Inc. lifted its holdings in NVIDIA Corporation by 17.8% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker's stock worth $1,600,000 after buying an additional 1,000 shares during the period. MPS Loria Financial Planners LLC acquired a new position in shares of NVIDIA Corporation during the 2nd quarter worth approximately $177,000. Proficio Capital Partners LLC lifted its stake in NVIDIA Corporation by 186.1% in the 1st quarter. Inc. lifted its stake in NVIDIA Corporation by 0.7% in the 2nd quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker's stock worth $18,549,000 after buying an additional 13,802 shares during the period. Frontier Investment Mgmt Co. acquired a new position in shares of NVIDIA Corporation during the 2nd quarter worth approximately $4,003,000. Hanson McClain Inc. now owns 881 shares of the computer hardware maker's stock worth $127,000 after buying an additional 99 shares during the period. The stock had a trading volume of 8,468,415 shares.

Gill said he is mindful that much of the data center opportunity is priced into Nvidia's stock today, but thinks investors are underestimating the potential earnings power from that segment. If you are accessing this report on another site, it was illegally copied and republished in violation of United States and global trademark and copyright laws.

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI).

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