What’s Next for NVIDIA Corporation (NVDA) After Making 52-Week High?

January 21, 2018 - By Henry Gaston

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.09, from 1.21 in 2017Q2. It improved, as 45 investors sold NVIDIA Corporation 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.
Ohio-based Carnegie Cap Asset Management Lc has invested 0.18% in NVIDIA Corporation (NASDAQ:NVDA). Bluemountain Ltd Liability Corp invested 0.03% in NVIDIA Corporation (NASDAQ:NVDA). 2,693 are held by Amica Retiree Medical Tru. Highland Cap Limited holds 0.12% or 8,521 shares in its portfolio. Moore Cap Mngmt L P invested in 50,000 shares. Alliancebernstein Limited Partnership owns 1.89M shares for 0.25% of their portfolio. Comml Bank Of Hawaii owns 4,220 shares or 0.06% of their US portfolio. Farmers Merchants Invests has 584 shares. Preferred Ltd Liability Corp holds 0.18% or 1,706 shares. Montecito Savings Bank And Trust reported 6,916 shares. Two Sigma Ltd Liability Com stated it has 0.03% in NVIDIA Corporation (NASDAQ:NVDA). Voloridge Investment Mngmt Limited Co reported 1.27M shares or 5.08% of all its holdings. Fort Washington Inv Advisors Oh has 0.02% invested in NVIDIA Corporation (NASDAQ:NVDA) for 8,458 shares. Stonebridge Mgmt, a California-based fund reported 2,000 shares. Schroder Investment Mngmt Group Inc accumulated 0.14% or 462,700 shares.

Since August 14, 2017, it had 0 buys, and 12 insider sales for $81.59 million activity. $9.48M worth of stock was sold by COXE TENCH on Monday, September 18. HUANG JEN HSUN sold 110,000 shares worth $18.27M. Another trade for 606 shares valued at $119,427 was made by Drell Persis on Wednesday, December 20. PERRY MARK L also sold $2.64M worth of NVIDIA Corporation (NASDAQ:NVDA) shares. Another trade for 80,250 shares valued at $15.02M was sold by STEVENS MARK A. Kress Colette sold $31,732 worth of stock or 171 shares.

The stock of NVIDIA Corporation (NASDAQ:NVDA) hit a new 52-week high and has $248.52 target or 8.00 % above today’s $230.11 share price. The 9 months bullish chart indicates low risk for the $139.45 billion company. The 1-year high was reported on Jan, 21 by Barchart.com. If the $248.52 price target is reached, the company will be worth $11.16B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 2.53% or $5.67 during the last trading session, reaching $230.11. About 15.23 million shares traded or 13.28% up from the average. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since January 21, 2017 and is uptrending. It has outperformed by 195.58% the S&P500.

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 50.02 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.

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 had 175 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Underperform” rating given on Friday, November 10 by BMO Capital Markets. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Hold” rating given on Friday, November 6 by Topeka Capital Markets. The firm has “Hold” rating by Susquehanna given on Friday, November 10. The company was maintained on Tuesday, June 6 by RBC Capital Markets. Deutsche Bank maintained it with “Hold” rating and $30 target in Wednesday, April 6 report. On Tuesday, October 25 the stock rating was maintained by B. Riley & Co with “Buy”. The firm has “Hold” rating given on Friday, November 10 by Stifel Nicolaus. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Outperform” rating given on Friday, June 16 by Raymond James. The company was maintained on Friday, August 7 by Stifel Nicolaus. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Underweight” rating by Barclays Capital on Friday, August 12.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Fool.com which released: “3 Stocks That Could Put NVIDIA’s Returns to Shame” on January 21, 2018, also Seekingalpha.com with their article: “Nvidia: Great Company, Risky Stock” published on January 12, 2018, Usnews.com published: “Nvidia Is Taking the Auto Industry By Storm” on January 08, 2018. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Fool.com and their article: “Better Buy: NVIDIA Corporation vs. Qualcomm” published on January 06, 2018 as well as Investorplace.com‘s news article titled: “Want to Invest in Driverless Cars? Buy Nvidia Corporation Stock” with publication date: January 11, 2018.

NVIDIA Corporation operates as a visual computing firm worldwide. The company has market cap of $139.45 billion. It operates in two divisions, GPU and Tegra Processor. It has a 57.51 P/E ratio. The GPU segment offers processors, which include GeForce for PC gaming; GeForce NOW for cloud game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for deep learning, accelerated computing, and general purpose computing; and GRID for cloud visual computing users.

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