NVIDIA Corporation (NASDAQ:NVDA).
Gateway Investment Advisers LLC says it decreased its investment in NVIDIA Corporation stock by 17,664 shares in the quarter ending 06/30/2017. Its investment stood at $52,235,000 an increase of $10,950,000 as of quarter end.
Gateway Investment Advisers LLC isn’t the only one who has changed their investment in NVDA. Nepsis Capital Management, Inc. divested its ownership by selling 14,379 shares a decrease of 29.9% in the quarter. Nepsis Capital Management, Inc. currently owns 33,666 shares worth $4,867,000. The total value of its holdings decreased 7.0%. Central Bank & Trust Co reduced its position by shedding 11,931 shares a decrease of 16.6% as of 06/30/2017. Central Bank & Trust Co now holds 60,015 shares valued at $8,676,000. The value of the position overall is up by 10.7%.
As of the end of the quarter Atria Investments LLC had acquired 2,488 shares growing its holdings by 32.7%. The value of the investment in (NVDA) increased from $828,000 to $1,459,000 a change of $631,000 quarter over quarter.
On July 12 the stock rating was upgraded from “Neutral” to “Buy” in a statement from SunTrust Robinson Humphrey. On June 20 the company was upgraded to “Outperform” from “Underperform” and a price target of $175.00 was set in an announcement from Pacific Crest.
Equity analyst Bernstein started coverage setting a rating of “Outperform”. On December 14 the company was upgraded from “” to “Buy” with a current price target of $109.00 in a report from Evercore ISI Group.
On December 13 analysts at Loop Capital began coverage by announcing an initial rating of “Buy”. On November 14, 2016 the stock rating was set at “Buy” by Needham which is up from the previous “Hold” rating.
The company is so far trading up since yesterday’s close of $155.88. Additionally NVIDIA Corporation announced a dividend that was paid on Wednesday the 14th of June 2017. The dividend payment was $0.140 per share for the quarter which is $0.56 annualized. The dividend yield was $0.38. The ex-dividend date was Friday the 19th of May 2017.
Shares of the company are trading at $157.99 which is slightly above $145.38, the 50 day moving average and which is a tad above the 200 day moving average of $115.28. The 50 day moving average moved up $10.50 and the 200 day average moved up $40.60.
The company’s P/E ratio is 52.33 and market capitalization is 92.75B. In the last earnings report the EPS was $2.98 and is estimated to be $3.09 for the current year with 595,000,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.78 and the next full year EPS is anticipated to be $3.51.
Investors are feeling more bullish on shares of NVIDIA Corporation lately as inferred by the change in short interest. The firm saw a fall in short interest of -9.80% as of the latest report on May 31, 2017. Short shares decreased from 24,606,230 to 22,194,187 over that period. With short interest at 22,194,187 and short average daily volume at 30,804,728, the short-interest ratio is 1.0 and the short interest percentage is 0.04% as of May 31.