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 (387) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious NVDA increase. With 387 contracts traded and 24124 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: NVDA170120C00075000 closed last at: $2.66 or 22.9% down. About 4.16M shares traded hands. NVIDIA Corporation (NASDAQ:NVDA) has risen 89.01% since April 5, 2016 and is uptrending. It has outperformed by 87.05% the S&P500.

NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage

Out of 29 analysts covering Nvidia Corporation (NASDAQ:NVDA), 17 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 59% are positive. $85 is the highest target while $20 is the lowest. The $45.67 average target is -35.55% below today’s ($70.86) stock price. Nvidia Corporation has been the topic of 78 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm earned “Underperform” rating on Friday, July 15 by Wells Fargo. The firm has “Neutral” rating by Roth Capital given on Friday, November 6. Canaccord Genuity maintained NVIDIA Corporation (NASDAQ:NVDA) on Friday, August 7 with “Hold” rating. The rating was upgraded by Vetr to “Buy” on Tuesday, August 18. The stock has “Buy” rating given by Roth Capital on Friday, August 7. The stock has “Outperform” rating given by Wedbush on Friday, November 6. Argus Research initiated the shares of NVDA in a report on Friday, March 18 with “Buy” rating. As per Tuesday, August 4, the company rating was maintained by Pacific Crest. As per Tuesday, September 20, the company rating was initiated by Susquehanna. Wedbush maintained it with “Outperform” rating and $42 target price in Friday, May 13 report.

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 fall, 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.
Sandy Spring National Bank has 883 shares for 0% of their US portfolio. Dnb Asset Mngmt As reported 44,828 shares or 0% of all its holdings. Stonebridge Cap Mgmt, a California-based fund reported 6,200 shares. The Michigan-based Sigma Planning Corp has invested 0.09% in NVIDIA Corporation (NASDAQ:NVDA). First Personal Fincl Svcs accumulated 0% or 189 shares. Kanaly Tru Co has 0% invested in the company for 11 shares. Manufacturers Life Insur Communication The last reported 0.04% of its portfolio in the stock. Commonwealth Comml Bank Of Australia holds 29,325 shares or 0.02% of its portfolio. Moreover, Teachers Retirement Systems Of The State Of Kentucky has 0.28% invested in NVIDIA Corporation (NASDAQ:NVDA) for 457,900 shares. Bokf Na last reported 0.04% of its portfolio in the stock. Calvert Invest has 25,584 shares for 0.06% of their US portfolio. Nomura Asset Mgmt Ltd last reported 92,786 shares in the company. Asset has 0.02% invested in the company for 2,222 shares. Adage Cap Prtnrs Group Lc last reported 0.1% of its portfolio in the stock. Moreover, Duquesne Family Office Lc has 1.73% invested in NVIDIA Corporation (NASDAQ:NVDA) for 320,000 shares.

Insider Transactions: Since May 11, 2016, the stock had 0 buys, and 16 insider sales for $58.18 million net activity. Drell Persis had sold 2,361 shares worth $157,200. On Wednesday, May 11 the insider HUANG JEN HSUN sold $1.44M. COXE TENCH sold 82,269 shares worth $5.41 million. Shoquist Debora sold $2.24 million worth of stock. $1.88M worth of NVIDIA Corporation (NASDAQ:NVDA) was sold by SEAWELL A BROOKE. 19,347 NVIDIA Corporation (NASDAQ:NVDA) shares with value of $839,180 were sold by Byron Michael. Kress Colette had sold 37,804 shares worth $2.59 million.

NVIDIA Corporation is engaged in visual computing. The company has a market cap of $37.75 billion. The Firm operates through divisions, including GPU and Tegra Processor. It has a 46.65 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 Reportedly Planning to Launch GeForce GTX 1080 Ti Soon” on November 04, 2016, also Fool.com with their article: “NVIDIA Corporation Scores the Microsoft Surface Studio, Surface Book i7” published on October 29, 2016, Fool.com published: “Tesla Motors Inc. Is Using NVIDIA Corporation’s Drive PX 2” on October 27, 2016. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Fool.com and their article: “Better Buy: Sierra Wireless Inc. or Nvidia Corporation?” published on October 24, 2016 as well as Fool.com‘s news article titled: “NVIDIA Corporation Scores Massive Automotive Win With Tesla Motors Inc” with publication date: October 22, 2016.

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