NVIDIA Corporation (NASDAQ:NVDA) Trading Up - Insiders Selling, Short Interest Growing

James Marshall
October 12, 2017

TrimTabs Asset Management LLC now owns 1,598 shares of the computer hardware maker's stock valued at $174,000 after buying an additional 752 shares in the last quarter. The company has a market cap of $114.46 billion, a PE ratio of 54.19 and a beta of 1.28. With the last stock price close up 29.82% from the two hundred day average, compared to the S&P 500 which has increased 0.03% over the same time.

Short traders are more bearish on shares of the company lately if you take a look at the rise in short interest. It has outperformed by 195.58% the S&P500. Proficio Capital Partners LLC increased its stake in shares of NVIDIA by 186.1% in the first quarter. Robecosam Ag acquired 6,090 shares as Campbell Soup Co (CPB)'s stock declined 4.62%. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker's stock valued at $132,000 after buying an additional 1,060 shares in the last quarter. Campbell Soup Co now has $13.70 billion valuation. The stock rose 0.94% or $1.77 reaching $190.7 per share. MFS Government Markets Income Trust (NYSE:MGF) has declined 6.33% since October 11, 2016 and is downtrending. Bbva Compass Bancorp holds 0.02% in NVIDIA Corporation (NASDAQ:NVDA) or 2,373 shares. Therefore 53% are positive. The value of the total investment in NVIDIA Corporation went from $14,456,000 to $7,151,000 a change of $7,305,000 for the reporting period. The stock has "Buy" rating by Bank of America on Tuesday, June 20. The rating was maintained by Needham on Monday, July 10 with "Buy". TH Capital reinitiated it with "Neutral" rating and $26.0 target in Monday, October 12 report.

Among 43 analysts covering Nvidia Corporation (NASDAQ:NVDA), 23 have Buy rating, 5 Sell and 15 Hold. The company has an average rating of Hold and a consensus target price of $112.83. As per Wednesday, August 23, the company rating was maintained by Tigress Financial. RBC Capital Markets maintained it with "Outperform" rating and $80 target in Tuesday, November 8 report. Morgan Stanley upgraded the shares of NVDA in report on Friday, October 30 to "Equal-Weight" rating.

The value of the company's investment in NVIDIA Corporation went from $794,000 to $1,275,000 increasing 60.6% quarter to quarter. The computer hardware maker reported $1.01 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.69 by $0.32. It is positive, as 73 investors sold NVDA shares while 262 reduced holdings. 131 funds opened positions while 273 raised stakes. 22,110 are owned by Davenport And Company Llc. Horseman Mngmt reported 42,700 shares stake.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Tuesday, May 9th. Sit holds 0.28% or 2.29 million shares in its portfolio. Baldwin Brothers Ma invested in 200 shares. First Advisors Limited Partnership holds 0.26% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 665,817 shares. Edge Wealth Management Limited Co holds 194 shares or 0.01% of its portfolio. 2,650 were accumulated by Portland Global Lc. Family Firm Inc. boosted its position in NVIDIA Corporation by 0.7% in the 2nd quarter. Van Eck Corporation accumulated 191,042 shares. Martingale Asset Mgmt LP holds 0.01% or 24,903 shares.

1607 Capital Partners Llc decreased Ishares Tr (AGG) stake by 8,400 shares to 983,500 valued at $107.70M in 2017Q2. It also reduced Freeport (NYSE:FCX) stake by 28,000 shares and now owns 29,584 shares. Jones, Director sold $18,565,000 worth of shares at an average price of $185.65 on Thursday the 21st. During the same period in the previous year, the business earned $0.46 EPS. NVDA's profit will be $564.01M for 50.69 P/E if the $0.94 EPS becomes a reality. After $0.92 actual earnings per share reported by NVIDIA Corporation for the previous quarter, Wall Street now forecasts 2.17% EPS growth.

Since May 11, 2017, it had 0 insider buys, and 7 insider sales for $39.65 million activity. COXE TENCH had sold 50,000 shares worth $6.47 million.

Debora Shoquist, EVP sold $6,339,162 worth of shares at an average price of $189.24 on Tue the 10th. Puri Ajay K also sold $11.46M worth of NVIDIA Corporation (NASDAQ:NVDA) on Tuesday, May 23.

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). Sandy Spring Bancorporation invested 0.04% in NVIDIA Corporation (NASDAQ:NVDA).

Investors sentiment decreased to 1.19 in 2017 Q2. Its up 0.19, from 0.71 in 2017Q1. It is negative, as 40 investors sold CPB shares while 169 reduced holdings. 6 funds opened positions while 26 raised stakes. Primecap Mngmt Ca holds 16.58 million shares. Finally, TrimTabs Asset Management LLC increased its stake in shares of NVIDIA by 88.9% in the first quarter.

Karpus Management Inc. holds 0.47% of its portfolio in Blackrock Muniyield Michign Qulty Fd Inc for 659,618 shares. Columbia Ptnrs L L C Invest Management reported 12,709 shares or 0.23% of all its holdings. The shares went up by 11.79% in value last month. Following the completion of the sale, the director now owns 48,069 shares in the company, valued at $7,798,714.56. 960,129 were accumulated by Ubs Asset Management Americas Incorporated. Schwab Charles Investment Mgmt stated it has 0.04% of its portfolio in Campbell Soup Company (NYSE:CPB). Raymond James & Associate reported 0% in MFS Government Markets Income Trust (NYSE:MGF). Following the completion of the sale, the executive vice president now owns 601,367 shares of the company's stock, valued at $65,266,360.51. 16,860 are owned by Stifel.

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