In today’s session NVIDIA Corporation (NVDA) registered an unusually high (643) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious NVDA increase. With 643 contracts traded and 24444 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: NVDA180119C00075000 closed last at: $28.65 or 1.1% up. About 3.69 million shares traded hands. NVIDIA Corporation (NASDAQ:NVDA) has risen 158.33% since April 25, 2016 and is uptrending. It has outperformed by 152.31% the S&P500.
Analysts await NVIDIA Corporation (NASDAQ:NVDA) to report earnings on February, 15. They expect $0.86 earnings per share, up 145.71% or $0.51 from last year’s $0.35 per share. NVDA’s profit will be $461.03M for 27.40 P/E if the $0.86 EPS becomes a reality. After $0.83 actual earnings per share reported by NVIDIA Corporation for the previous quarter, Wall Street now forecasts 3.61% EPS growth.
NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage
Out of 29 analysts covering Nvidia Corporation (NASDAQ:NVDA), 18 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 62% are positive. Nvidia Corporation has been the topic of 84 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Equal-Weight” rating by Morgan Stanley on Friday, November 6. RBC Capital Markets maintained NVIDIA Corporation (NASDAQ:NVDA) rating on Friday, November 6. RBC Capital Markets has “Sector Perform” rating and $32 price target. Topeka Capital Markets maintained NVIDIA Corporation (NASDAQ:NVDA) on Friday, August 7 with “Hold” rating. The firm earned “Buy” rating on Monday, November 16 by Canaccord Genuity. SunTrust initiated NVIDIA Corporation (NASDAQ:NVDA) on Tuesday, September 20 with “Neutral” rating. The firm has “Buy” rating by Nomura given on Monday, June 13. The firm has “Outperform” rating given on Friday, February 12 by Wedbush. The company was maintained on Wednesday, August 10 by Barclays Capital. Argus Research initiated NVIDIA Corporation (NASDAQ:NVDA) on Friday, March 18 with “Buy” rating. The rating was downgraded by Barclays Capital to “Underweight” on Thursday, January 14.
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 increased to 1.12 in Q2 2016. Its up 0.10, from 1.02 in 2016Q1. The ratio increased, 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.
Investment Counsel Inc has invested 0.49% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Brick And Kyle reported 2,502 shares or 0.1% of all its holdings. The New York-based Glg Limited Liability Com has invested 0.23% in NVIDIA Corporation (NASDAQ:NVDA). Allsquare Wealth Mgmt Lc last reported 0% of its portfolio in the stock. Victory Cap Mgmt owns 23,807 shares or 0% of their US portfolio. Whale Rock Cap Mgmt Ltd Liability holds 2.8% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 717,612 shares. Reynders Mcveigh accumulated 54,083 shares or 0.37% of the stock. Bp Public Ltd Com last reported 0.29% of its portfolio in the stock. Regions Financial last reported 0.01% of its portfolio in the stock. Seizert Cap Prns Limited Liability Corp accumulated 432,643 shares or 0.77% of the stock. Comm Comml Bank holds 0.01% or 9,533 shares in its portfolio. Columbia Partners L L C Invest holds 0.1% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 29,410 shares. First Manhattan has 0% invested in the company for 183 shares. Cim Ltd Liability Com accumulated 4,930 shares or 0.12% of the stock. Livforsakringsbolaget Skandia Omsesidigt last reported 0.15% of its portfolio in the stock.
Insider Transactions: Since August 10, 2016, the stock had 0 buys, and 15 sales for $46.42 million net activity. On Tuesday, October 4 the insider Kress Colette sold $2.59 million. 2,361 shares with value of $157,200 were sold by Drell Persis on Wednesday, October 12. Shares for $2.35M were sold by HUANG JEN HSUN on Wednesday, August 10. 35,000 shares were sold by SEAWELL A BROOKE, worth $3.07M on Monday, November 14. Shoquist Debora also sold $2.24M worth of NVIDIA Corporation (NASDAQ:NVDA) shares. 82,269 NVIDIA Corporation (NASDAQ:NVDA) shares with value of $5.41M were sold by COXE TENCH. Shares for $3.23M were sold by GAITHER JAMES C.
NVIDIA Corporation is engaged in visual computing. The company has a market cap of $50.52 billion. The Firm operates through divisions, including GPU and Tegra Processor. It has a 49.24 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: Investorplace.com which released: “Nothing Can Stop Nvidia Corporation (NVDA) Stock” on November 28, 2016, also Fool.com with their article: “NVIDIA Corporation CEO Talks Up Nintendo Partnership” published on November 21, 2016, Fool.com published: “NVIDIA Corporation’s Biggest Business Surged 63% Last Quarter” on November 20, 2016. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Fool.com and their article: “3 Things NVIDIA Corporation’s Management Wants You to Know” published on November 15, 2016 as well as Fool.com‘s news article titled: “Why NVIDIA Corporation’s Data-Center Business Surged 193% Last Quarter” with publication date: November 19, 2016.
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