NVIDIA Corporation Can’t Burn Your Long Portfolio. Option Traders are Bullish

 NVIDIA Corporation Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session NVIDIA Corporation (NVDA) registered an unusually high (448) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious NVDA increase. With 448 contracts traded and 18154 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: NVDA161216C00075000 closed last at: $1.35 or 13.5% down. About 4.12 million shares traded hands. NVIDIA Corporation (NASDAQ:NVDA) has risen 104.30% since March 14, 2016 and is uptrending. It has outperformed by 98.69% 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 $302.53 million for 29.29 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. Nvidia Corporation has been the topic of 76 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, September 15 by M Partners. TH Capital reinitiated NVIDIA Corporation (NASDAQ:NVDA) on Monday, October 12 with “Neutral” rating. As per Friday, August 7, the company rating was maintained by FBR Capital. Morgan Stanley upgraded it to “Equal-Weight” rating and $28 target price in Friday, October 30 report. The company was maintained on Friday, August 12 by Deutsche Bank. UBS maintained the stock with “Buy” rating in Friday, August 12 report. Wedbush maintained it with “Outperform” rating and $52 target price in Wednesday, June 15 report. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Outperform” rating given on Monday, August 3 by Macquarie Research. Topeka Capital Markets maintained the stock with “Hold” rating in Friday, November 6 report. The firm has “Buy” rating by Mizuho given on Friday, August 12.

According to Zacks Investment Research, “NVIDIA Corporation designs, develops and markets a top-to-bottom family of award-winning 3D graphics processors, graphics processing units and related software that set the standard for performance, quality and features for every type of desktop personal computer user, from professional workstations to low-cost computers. NVIDIA Corporation’s 3D graphics processors are used in a wide variety of applications, including games, the Internet and industrial design.”

Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.36, from 1.38 in 2016Q1. The ratio dropped, 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.
Quantbot Techs L P, a New York-based fund reported 21,168 shares. Arizona State Retirement accumulated 124,416 shares or 0.08% of the stock. Qcm Cayman Ltd last reported 0.16% of its portfolio in the stock. Tower Bridge holds 0% or 8,800 shares in its portfolio. Zacks Investment Mgmt last reported 0.04% of its portfolio in the stock. Ameriprise Finance has 0.1% invested in the company for 3.68M shares. Amp Capital Investors reported 257,329 shares or 0.08% of all its holdings. The Mississippi-based Trustmark Bank Trust Department has invested 0.34% in NVIDIA Corporation (NASDAQ:NVDA). Commonwealth Equity reported 77,144 shares or 0.03% of all its holdings. Dai Ichi Life Ins holds 0.17% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 122,818 shares. Cibc Mkts has 81,108 shares for 0.02% of their US portfolio. Pdts Prtn Ltd Liability Company holds 0.54% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 144,600 shares. Gofen Glossberg Ltd Liability Il accumulated 0.03% or 15,303 shares. Apriem Advsr reported 8,116 shares or 0.12% of all its holdings. Virginia Retirement System Et Al holds 125,100 shares or 0.09% of its portfolio.

Insider Transactions: Since May 11, 2016, the stock had 0 insider purchases, and 17 insider sales for $59.62 million net activity. Another trade for 40,000 shares valued at $2.35 million was sold by HUANG JEN HSUN. Shares for $11.40 million were sold by SHANNON DAVID M. On Tuesday, October 4 the insider Kress Colette sold $2.59 million. COXE TENCH sold $5.41 million worth of stock or 82,269 shares. $157,200 worth of shares were sold by Drell Persis on Wednesday, October 12. 30,000 NVIDIA Corporation (NASDAQ:NVDA) shares with value of $1.88M were sold by SEAWELL A BROOKE. Another trade for 150,000 shares valued at $6.81M was sold by STEVENS MARK A.

NVIDIA Corporation is engaged in visual computing. The company has a market cap of $35.45 billion. The Firm operates through divisions, including GPU and Tegra Processor. It has a 43.2 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.

NVDA Company Profile

NVIDIA Corporation (NVIDIA), incorporated on February 24, 1998, is engaged in visual computing. The Firm operates through divisions, including GPU and Tegra Processor. The Firm allows to open up new avenues of exploration, facilitate creativity and discovery, and power breakthroughs in areas like artificial intelligence, virtual reality and autonomous cars. It focuses on markets, such as gaming, professional visualization, datacenter and automotive. The Company’s vertical integration enables to bring together hardware, system software, programmable algorithms, systems and services.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Fool.com which released: “NVIDIA Corporation’s Automotive Business: 3 Things You Need to Know” on October 11, 2016, also Fool.com with their article: “Why NVIDIA Corporation Stock Jumped 11.7% in September” published on October 11, 2016, Fool.com published: “NVIDIA Corporation’s New Gaming Graphics Cards Seeing Fast Adoption” on October 09, 2016. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Profitconfidential.com and their article: “NVDA Stock: This Could Be Game Changer for Nvidia Corporation” published on October 05, 2016 as well as Fool.com‘s news article titled: “With New Xavier Chip, NVIDIA Corporation’s Self-Driving Car Strategy Comes …” with publication date: October 02, 2016.

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