Fmr LLC Has Trimmed Nvidia Corp (NVDA) Stake as Stock Price Rose

January 19, 2018 - By Vivian Park

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.09, from 1.21 in 2017Q2. It improved, as 45 investors sold NVDA shares while 282 reduced holdings. 127 funds opened positions while 298 raised stakes. 387.15 million shares or 0.29% less from 388.29 million shares in 2017Q2 were reported. Friess Assocs Limited Liability Company has 101,779 shares for 1.59% of their portfolio. Oppenheimer reported 55,104 shares or 0.26% of all its holdings. Advisor Prns Lc accumulated 0.46% or 13,122 shares. Edgewood Mgmt Limited Liability Com has 4.66M shares. Highfields LP has invested 1.12% in NVIDIA Corporation (NASDAQ:NVDA). Horseman Capital Limited stated it has 24,300 shares. Maplelane Capital Ltd Liability Com reported 5,001 shares stake. Inv Centers Of America Inc holds 2,687 shares. Blair William & Co Il holds 141,908 shares. Invest House Ltd Company has invested 0.03% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Moreover, Sanctuary Wealth Ltd Company has 3.08% invested in NVIDIA Corporation (NASDAQ:NVDA) for 22,248 shares. M&T Bancshares reported 45,582 shares or 0.04% of all its holdings. Clear Harbor Asset Ltd Liability reported 1,610 shares. 4,590 are owned by Banque Pictet Cie Sa. The Connecticut-based Webster Bancshares N A has invested 0% in NVIDIA Corporation (NASDAQ:NVDA).

Since August 14, 2017, it had 0 buys, and 12 selling transactions for $81.59 million activity. The insider JONES HARVEY C sold 100,000 shares worth $18.57M. Shoquist Debora sold $6.34M worth of stock. $119,427 worth of stock was sold by Drell Persis on Wednesday, December 20. COXE TENCH had sold 50,000 shares worth $9.48 million on Monday, September 18. 16,281 NVIDIA Corporation (NASDAQ:NVDA) shares with value of $2.64M were sold by PERRY MARK L. Shares for $18.27M were sold by HUANG JEN HSUN.

Fmr Llc decreased its stake in Nvidia Corp (NVDA) by 4.68% based on its latest 2017Q3 regulatory filing with the SEC. Fmr Llc sold 2.52 million shares as the company’s stock rose 26.83% with the market. The institutional investor held 51.34M shares of the semiconductors company at the end of 2017Q3, valued at $9.18B, down from 53.86M at the end of the previous reported quarter. Fmr Llc who had been investing in Nvidia Corp for a number of months, seems to be less bullish one the $136.01 billion market cap company. The stock decreased 0.12% or $0.28 during the last trading session, reaching $224.44. About 10.22M shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since January 19, 2017 and is uptrending. It has outperformed by 195.58% the S&P500.

Fmr Llc, which manages about $827.12 billion US Long portfolio, upped its stake in Ishares Tr (LQD) by 101,013 shares to 2.41 million shares, valued at $292.28M in 2017Q3, according to the filing. It also increased its holding in Deere & Co (NYSE:DE) by 750,424 shares in the quarter, for a total of 5.78M shares, and has risen its stake in Ishares Tr (TIP).

Analysts await NVIDIA Corporation (NASDAQ:NVDA) to report earnings on February, 8. They expect $1.15 earnings per share, up 16.16 % or $0.16 from last year’s $0.99 per share. NVDA’s profit will be $696.90 million for 48.79 P/E if the $1.15 EPS becomes a reality. After $1.33 actual earnings per share reported by NVIDIA Corporation for the previous quarter, Wall Street now forecasts -13.53 % negative EPS growth.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Seekingalpha.com which released: “Nvidia: Great Company, Risky Stock” on January 12, 2018, also Fool.com with their article: “Better Buy: NVIDIA Corporation vs. Qualcomm” published on January 06, 2018, Investorplace.com published: “Want to Invest in Driverless Cars? Buy Nvidia Corporation Stock” on January 11, 2018. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Fool.com and their article: “Why NVIDIA Corporation’s Stock Spiked 81% in 2017” published on January 10, 2018 as well as Seekingalpha.com‘s news article titled: “Nvidia Inside: Chip Maker Expands Thrust Into Self-Driving Cars” with publication date: January 08, 2018.

NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage

Among 44 analysts covering Nvidia Corporation (NASDAQ:NVDA), 25 have Buy rating, 4 Sell and 15 Hold. Therefore 57% are positive. Nvidia Corporation has $251 highest and $20 lowest target. $160.55’s average target is -28.47% below currents $224.44 stock price. Nvidia Corporation had 175 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, September 20 by Susquehanna. The firm has “Neutral” rating given on Wednesday, November 4 by M Partners. Barclays Capital maintained the shares of NVDA in report on Wednesday, August 10 with “Underweight” rating. Wedbush maintained the shares of NVDA in report on Friday, February 12 with “Outperform” rating. As per Friday, November 11, the company rating was upgraded by Barclays Capital. On Monday, August 3 the stock rating was upgraded by Macquarie Research to “Outperform”. The company was maintained on Wednesday, June 14 by Oppenheimer. Goldman Sachs maintained NVIDIA Corporation (NASDAQ:NVDA) on Friday, August 12 with “Buy” rating. The firm has “Hold” rating by Stifel Nicolaus given on Sunday, September 24. Goldman Sachs initiated it with “Buy” rating and $54 target in Thursday, June 2 report.

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