NVIDIA Corporation (NASDAQ:NVDA).
Gateway Investment Advisers LLC lowered its investment in NVIDIA Corporation shares by 17,664 shares in a 13F filing with the SEC. Its stake was worth $52,235,000 an increase of $10,950,000 as of the end of the quarter.
Other firms have also shifted positions in (NVDA). Nepsis Capital Management, Inc. trimmed its position by selling 14,379 shares a decrease of 29.9% as of 06/30/2017. Nepsis Capital Management, Inc. owns 33,666 shares with a value of $4,867,000. The total value of its holdings decreased 7.0%. As of quarter end Central Bank & Trust Co had sold 11,931 shares trimming its position 16.6%. The value of the company’s investment in NVIDIA Corporation increased from $7,837,000 to $8,676,000 a change of 10.7% for the reporting period.
As of the end of the quarter Atria Investments LLC had acquired a total of 2,488 shares growing its holdings by 32.7%. The value of the total investment in NVIDIA Corporation went from $828,000 to $1,459,000 a change of $631,000 quarter over quarter.
On July 12 the company was changed to a “Buy” by SunTrust Robinson Humphrey up from the previous “Neutral” rating. On June 20 the stock rating was upgraded to “Outperform” from “Underperform” with a current price target of $175.00 in a report issued by Pacific Crest.
Bernstein started covering the stock giving it an initial rating of “Outperform”. On December 14 the company was upgraded from “” to “Buy” and a price target of $109.00 was set in a report from Evercore ISI Group.
Equity analyst Loop Capital starting coverage on the stock with a rating of “Buy”. On November 14, 2016 the stock rating was set at “Buy” according to a Needham report which is up from the previous “Hold” rating.
The company is trading up by 1.36 percent from yesterday’s close. Additionally NVIDIA Corporation announced a dividend for shareholders which was paid on Wednesday June 14th, 2017. The dividend was $0.140 per share for the quarter or $0.56 annualized. The dividend yield was $0.38. The ex-dividend date was Friday the 19th of May 2017.
The stock last traded at $158.00 which is marginally over the 50 day moving average which is $145.38 and barely above the 200 day moving average of $115.28. The 50 day moving average moved up $10.50 whereas the 200 day moving average was up $40.60 or +35.22%.
The company currently has a P/E ratio of 52.33 and the market cap of the company is 92.75B. As of 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 outstanding. Next quarter’s EPS is forecasted at $0.78 and the next full year EPS is projected to be $3.51.
Traders are more bullish on NVIDIA Corporation if you put credence in the decrease in short interest. The firm experienced a fall in short interest from June 15, 2017 to May 31, 2017 of -9.80%. Short interest fell from 24,606,230 to 22,194,187 over that timeframe. 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 percentage of shorted shares was 0.04% on May 31.