What Can We Expect After NVIDIA (NASDAQ:NVDA)’s Upgrade By Pacific Crest?

June 20, 2017 - By Clifton Ray

  What Can We Expect After NVIDIA (NASDAQ:NVDA)'s Upgrade By Pacific Crest?

Investors sentiment decreased to 0.81 in Q4 2016. Its down 0.31, from 1.12 in 2016Q3. It dropped, as 69 investors sold NVIDIA Corporation shares while 306 reduced holdings. 121 funds opened positions while 183 raised stakes. 423.47 million shares or 3.26% less from 437.73 million shares in 2016Q3 were reported.

6.36M are owned by Morgan Stanley. Parus Fin (Uk) Limited holds 1.47% in NVIDIA Corporation (NASDAQ:NVDA) or 78,400 shares. Ny State Common Retirement Fund accumulated 0.18% or 1.17 million shares. Cookson Peirce stated it has 3.89% in NVIDIA Corporation (NASDAQ:NVDA). Atlanta Cap Grp accumulated 32,740 shares. Shell Asset, a Netherlands-based fund reported 48,844 shares. Andra Ap holds 0.14% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 47,200 shares. Asset stated it has 0.05% in NVIDIA Corporation (NASDAQ:NVDA). Wellington Shields & Ltd Liability has invested 0.14% in NVIDIA Corporation (NASDAQ:NVDA). 153 are held by Howe Rusling. Geneva Advsr Ltd reported 0.06% in NVIDIA Corporation (NASDAQ:NVDA). Syntal Prtnrs Limited Liability reported 0.31% in NVIDIA Corporation (NASDAQ:NVDA). Raymond James Tru Na, a Florida-based fund reported 10,646 shares. 3.59M were reported by Ameriprise Fincl. Mcf Advisors accumulated 0.02% or 760 shares.

Since December 27, 2016, it had 0 buys, and 16 insider sales for $84.43 million activity. 53,458 shares valued at $5.63M were sold by Kress Colette on Friday, March 17. Another trade for 32,820 shares valued at $3.58M was sold by SEAWELL A BROOKE. Byron Michael sold $76,565 worth of NVIDIA Corporation (NASDAQ:NVDA) on Wednesday, March 1. 2,500 shares were sold by Drell Persis, worth $325,048 on Thursday, May 18. 81,931 shares were sold by Puri Ajay K, worth $11.46 million on Tuesday, May 23. $4.28 million worth of NVIDIA Corporation (NASDAQ:NVDA) shares were sold by HUANG JEN HSUN.

NVIDIA (NASDAQ:NVDA) Stock Upgrade

NVIDIA (NASDAQ:NVDA)‘s stock was boosted to a solid “Sector Weight” by stock analysts at Pacific Crest. NVDA’s past “Underweight” rating is has been discontinued by the brokerage firm.

Investors sentiment decreased to 0.81 in Q4 2016. Its down 0.31, from 1.12 in 2016Q3. It dropped, as 69 investors sold NVIDIA Corporation shares while 306 reduced holdings. 121 funds opened positions while 183 raised stakes. 423.47 million shares or 3.26% less from 437.73 million shares in 2016Q3 were reported.

6.36M are owned by Morgan Stanley. Parus Fin (Uk) Limited holds 1.47% in NVIDIA Corporation (NASDAQ:NVDA) or 78,400 shares. Ny State Common Retirement Fund accumulated 0.18% or 1.17 million shares. Cookson Peirce stated it has 3.89% in NVIDIA Corporation (NASDAQ:NVDA). Atlanta Cap Grp accumulated 32,740 shares. Shell Asset, a Netherlands-based fund reported 48,844 shares. Andra Ap holds 0.14% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 47,200 shares. Asset stated it has 0.05% in NVIDIA Corporation (NASDAQ:NVDA). Wellington Shields & Ltd Liability has invested 0.14% in NVIDIA Corporation (NASDAQ:NVDA). 153 are held by Howe Rusling. Geneva Advsr Ltd reported 0.06% in NVIDIA Corporation (NASDAQ:NVDA). Syntal Prtnrs Limited Liability reported 0.31% in NVIDIA Corporation (NASDAQ:NVDA). Raymond James Tru Na, a Florida-based fund reported 10,646 shares. 3.59M were reported by Ameriprise Fincl. Mcf Advisors accumulated 0.02% or 760 shares.

Since December 27, 2016, it had 0 buys, and 16 insider sales for $84.43 million activity. 53,458 shares valued at $5.63M were sold by Kress Colette on Friday, March 17. Another trade for 32,820 shares valued at $3.58M was sold by SEAWELL A BROOKE. Byron Michael sold $76,565 worth of NVIDIA Corporation (NASDAQ:NVDA) on Wednesday, March 1. 2,500 shares were sold by Drell Persis, worth $325,048 on Thursday, May 18. 81,931 shares were sold by Puri Ajay K, worth $11.46 million on Tuesday, May 23. $4.28 million worth of NVIDIA Corporation (NASDAQ:NVDA) shares were sold by HUANG JEN HSUN.

NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage

Among 38 analysts covering Nvidia Corporation (NASDAQ:NVDA), 20 have Buy rating, 4 Sell and 14 Hold. Therefore 53% are positive. Nvidia Corporation has $175 highest and $20 lowest target. $77.12’s average target is -51.87% below currents $160.23 stock price. Nvidia Corporation had 106 analyst reports since August 3, 2015 according to SRatingsIntel. Argus Research initiated the shares of NVDA in report on Friday, March 18 with “Buy” rating. RBC Capital Markets maintained NVIDIA Corporation (NASDAQ:NVDA) rating on Thursday, February 2. RBC Capital Markets has “Outperform” rating and $124 target. Deutsche Bank maintained NVIDIA Corporation (NASDAQ:NVDA) on Friday, August 12 with “Hold” rating. The firm has “Neutral” rating by Susquehanna given on Tuesday, September 20. The firm has “Outperform” rating by Wedbush given on Friday, November 6. The rating was upgraded by Jefferies on Thursday, September 17 to “Buy”. As per Friday, February 3, the company rating was initiated by CLSA. The company was upgraded on Friday, May 13 by Roth Capital. The company was maintained on Wednesday, December 30 by M Partners. On Friday, May 13 the stock rating was upgraded by Topeka Capital Markets to “Buy”.

About 5.17M shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since June 20, 2016 and is uptrending. It has outperformed by 195.58% the S&P500.

Nvidia Corporation focuses on personal computer graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The company has market cap of $98.92 billion. The Company’s operates through two divisions: GPU and Tegra Processor. It has a 54.25 P/E ratio. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud visual computing users.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Seekingalpha.com which released: “Nvidia’s Next Big Thing: The HGX-1 AI Platform” on June 12, 2017, also Fool.com with their article: “Why NVIDIA Corporation Skyrocketed 38.4% in May” published on June 19, 2017, Seekingalpha.com published: “Nvidia: A Great Company At A Premium Price” on June 12, 2017. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Seekingalpha.com and their article: “Nvidia Is Far From Overvalued” published on June 08, 2017 as well as Fool.com‘s news article titled: “Better Buy: Advanced Micro Devices, Inc. vs. NVIDIA Corporation” with publication date: June 17, 2017.

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