Institutional Investors Are Dumping Nvidia Corp (NASDAQ:NVDA)

Institutional Investors Are Dumping Nvidia Corp (NASDAQ:NVDA)




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Sentiment for Nvidia Corp (NASDAQ:NVDA)

Nvidia Corp (NASDAQ:NVDA) institutional sentiment decreased to 0.91 in 2018 Q4. Its down -0.45, from 1.36 in 2018Q3. The ratio dropped, as 459 hedge funds increased and started new holdings, while 505 reduced and sold their positions in Nvidia Corp. The hedge funds in our partner’s database now hold: 402.31 million shares, up from 371.72 million shares in 2018Q3. Also, the number of hedge funds holding Nvidia Corp in their top 10 holdings decreased from 49 to 12 for a decrease of 37. Sold All: 180 Reduced: 325 Increased: 320 New Position: 139.

NVIDIA Corporation operates as a visual computing firm worldwide. The company has market cap of $115.62 billion. It operates in two divisions, GPU and Tegra Processor. It has a 28.66 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.

The stock decreased 0.80% or $1.53 during the last trading session, reaching $190.01. About 11.79 million shares traded. NVIDIA Corporation (NASDAQ:NVDA) has declined 32.48% since April 15, 2018 and is downtrending. It has underperformed by 36.85% the S&P500.

Analysts await NVIDIA Corporation (NASDAQ:NVDA) to report earnings on May, 9. They expect $0.60 EPS, down 68.09 % or $1.28 from last year’s $1.88 per share. NVDA’s profit will be $365.10 million for 79.17 P/E if the $0.60 EPS becomes a reality. After $0.58 actual EPS reported by NVIDIA Corporation for the previous quarter, Wall Street now forecasts 3.45 % EPS growth.

Jericho Capital Asset Management L.P. holds 4.81% of its portfolio in NVIDIA Corporation for 354,000 shares. Quantitative Investment Management Llc owns 688,100 shares or 4.74% of their US portfolio. Moreover, Dock Street Asset Management Inc has 4.72% invested in the company for 92,534 shares. The California-based Guinness Atkinson Asset Management Inc has invested 4.33% in the stock. Edgewood Management Llc, a New York-based fund reported 7.85 million shares.

Since January 1, 0001, it had 0 insider buys, and 2 sales for $990,181 activity.

NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage

Ratings analysis reveals 70% of NVIDIA’s analysts are positive. Out of 27 Wall Street analysts rating NVIDIA, 19 give it “Buy”, 2 “Sell” rating, while 6 recommend “Hold”. The lowest target is $140 while the high is $270. The stock’s average target of $194.15 is 2.18% above today’s ($190.01) share price. NVDA was included in 58 notes of analysts from October 30, 2018. Barclays Capital maintained NVIDIA Corporation (NASDAQ:NVDA) on Friday, November 16 with “Overweight” rating. The rating was maintained by FBR Capital with “Buy” on Tuesday, November 13. The firm has “Buy” rating given on Friday, November 16 by Goldman Sachs. Wells Fargo maintained NVIDIA Corporation (NASDAQ:NVDA) rating on Friday, November 16. Wells Fargo has “Outperform” rating and $235 target. BMO Capital Markets maintained it with “Market Perform” rating and $175 target in Friday, November 16 report. On Monday, March 11 the stock rating was maintained by Oppenheimer with “Buy”. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Buy” rating given on Wednesday, March 20 by Mizuho. Mizuho maintained the stock with “Buy” rating in Monday, March 11 report. The company was maintained on Thursday, February 14 by Bank of America. Oppenheimer maintained the stock with “Buy” rating in Tuesday, March 19 report.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Benzinga.com which released: “AMD (NASDAQ:AMD) Analyst Says Cloud Gaming A Good Opportunity, But Stock Is ‘Ahead Of Itself’ – Benzinga” on March 19, 2019, also Nasdaq.com with their article: “AMD Stock Is the Champion Chip Stock – Nasdaq” published on April 11, 2019, Investorplace.com published: “5 Chip Stocks on the Rise – Investorplace.com” on March 18, 2019. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Nasdaq.com and their article: “U.S. STOCKS ON THE MOVE-Carnival Corp, Viacom, Anadarko Petroleum, Nvidia – Nasdaq” published on March 26, 2019 as well as Nasdaq.com‘s news article titled: “Notable Friday Option Activity: CMG, GOOG, NVDA – Nasdaq” with publication date: April 12, 2019.

NVIDIA Corporation (NASDAQ:NVDA) Institutional Positions Chart

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