NVIDIA Corporation’s Stock Is Buy After Today’s Bullish Options Activity


 NVIDIA Corporation's Stock Is Buy After Today's Bullish Options Activity

In today’s session NVIDIA Corporation (NVDA) registered an unusually high (449) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious NVDA increase. With 449 contracts traded and 4444 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: NVDA161021C00069000 closed last at: $1.82 or 36.8% up. About 7.04 million shares traded hands. NVIDIA Corporation (NASDAQ:NVDA) has risen 109.01% since March 1, 2016 and is uptrending. It has outperformed by 99.77% the S&P500.

Analysts await NVIDIA Corporation (NASDAQ:NVDA) to report earnings on November, 3. They expect $0.56 EPS, up 40.00% or $0.16 from last year’s $0.4 per share. NVDA’s profit will be $299.05M for 30.51 P/E if the $0.56 EPS becomes a reality. After $0.44 actual EPS reported by NVIDIA Corporation for the previous quarter, Wall Street now forecasts 27.27% EPS growth.

NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage

Out of 27 analysts covering Nvidia Corporation (NASDAQ:NVDA), 15 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 56% are positive. $74 is the highest target while $20 is the lowest. The $44.22 average target is -35.30% below today’s ($68.35) stock price. Nvidia Corporation has been the topic of 76 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, August 7 by Stifel Nicolaus. Suntrust Robinson initiated it with “Neutral” rating and $59 target price in Tuesday, September 20 report. The rating was maintained by Mizuho with “Buy” on Friday, August 12. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Mkt Perform” rating by FBR Capital on Friday, August 7. Jefferies maintained NVIDIA Corporation (NASDAQ:NVDA) on Monday, April 4 with “Buy” rating. Jefferies upgraded the stock to “Buy” rating in Thursday, September 17 report. Vetr downgraded the shares of NVDA in a report on Thursday, September 17 to “Buy” rating. The company was maintained on Friday, November 6 by Topeka Capital Markets. The stock has “Outperform” rating given by RBC Capital Markets on Friday, August 12. Morgan Stanley upgraded it to “Equal-Weight” rating and $28 target price in Friday, October 30 report.

Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.36, from 1.38 in 2016Q1. The ratio turned negative, as 45 funds sold all NVIDIA Corporation shares owned while 245 reduced positions. 117 funds bought stakes while 178 increased positions. They now own 449.32 million shares or 5.27% less from 474.31 million shares in 2016Q1.
Ray Gerald L & Associates holds 0.18% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 23,900 shares. Highbridge Cap Ltd Liability Corporation, a New York-based fund reported 7,062 shares. Guardian Life Insur Of America last reported 1,916 shares in the company. New Mexico Educational Retirement Board, a New Mexico-based fund reported 59,082 shares. Hugh Johnson Advsrs Limited Liability Com accumulated 167,633 shares or 3.05% of the stock. Citadel Advsrs Limited Liability Corporation last reported 488,164 shares in the company. Parallax Volatility Advisers L P has 0% invested in the company for 27,796 shares. Next Century Growth Lc has 9,009 shares for 0.02% of their US portfolio. Allsquare Wealth Mngmt Limited Liability Company, a New York-based fund reported 100 shares. Cetera Advisor Netwr Limited Liability Corp last reported 0.02% of its portfolio in the stock. Norinchukin Comml Bank The holds 0.13% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 110,573 shares. Rafferty Asset Ltd Liability Corporation, a New York-based fund reported 49,343 shares. Blackrock Fund Advsr last reported 9.16 million shares in the company. Egerton Cap (Uk) Limited Liability Partnership last reported 4.75 million shares in the company. Moreover, New York Life Trust has 0.03% invested in NVIDIA Corporation (NASDAQ:NVDA) for 142 shares.

Insider Transactions: Since April 12, 2016, the stock had 0 buys, and 13 selling transactions for $46.36 million net activity. $2.35M worth of NVIDIA Corporation (NASDAQ:NVDA) was sold by HUANG JEN HSUN on Wednesday, August 10. Byron Michael sold $839,180 worth of NVIDIA Corporation (NASDAQ:NVDA) on Thursday, May 19. COXE TENCH also sold $5.60 million worth of NVIDIA Corporation (NASDAQ:NVDA) on Monday, September 19. The insider Kress Colette sold $2.37 million. 150,000 shares with value of $6.81 million were sold by STEVENS MARK A on Tuesday, May 24. Another trade for 30,000 shares valued at $1.88 million was made by SEAWELL A BROOKE on Friday, September 16. $11.40 million worth of NVIDIA Corporation (NASDAQ:NVDA) shares were sold by SHANNON DAVID M.

NVIDIA Corporation is engaged in visual computing. The company has a market cap of $36.50 billion. The Firm operates through divisions, including GPU and Tegra Processor. It has a 44.96 P/E ratio. The Company’s GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.

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