NVIDIA Target of Unusually Large Options Trading (NVDA)

Allan Goodman
October 17, 2017

NVIDIA Corporation (NASDAQ:NVDA) had its price target lifted by research analysts at Loop Capital from $181.00 to $205.00 in a research report issued to clients and investors on Thursday, October 5th, Marketbeat.com reports. The institutional investor held 52,050 shares of the semiconductors company at the end of 2017Q2, valued at $7.52M, up from 48,250 at the end of the previous reported quarter. Toronto Dominion Bank's holdings in NVIDIA Corporation were worth $29,033,000 as of its most recent filing with the Securities and Exchange Commission. Ipg Ltd Liability Corp accumulated 1,700 shares. 388.29 million shares or 4.10% less from 404.87 million shares in 2017Q1 were reported. Nvidia Corporation had 153 analyst reports since August 3, 2015 according to SRatingsIntel. Quadrant Capital Group LLC now owns 1,055 shares of the computer hardware maker's stock worth $105,000 after buying an additional 157 shares in the last quarter. The Roosevelt Investment Group Inc holds 18,548 shares with $2.68 million value, up from 12,813 last quarter. About 14.28M shares traded. Drell Persis sold 2,500 shares worth $325,048. Over the past five trading sessions it is 3.41%; 19.04% for the month; 0% for the last quarter; 1.61% for the past six-months; and -40.82% for the last 12 months. Smithfield Tru owns 1,560 shares for 0.03% of their portfolio.

A number of brokerages have recently weighed in on NVDA.

Several large investors have recently bought and sold shares of NVDA. The firm earned "Neutral" rating on Wednesday, December 2 by Janney Capital. Finally, Zacks Investment Research raised NVIDIA Corporation from a hold rating to a strong-buy rating and set a $169.00 price target for the company in a report on Tuesday, July 11th. UBS maintained the shares of NVDA in report on Friday, January 6 with "Buy" rating. The stock rose 0.25% or $0.49 reaching $195.08. The stock was sold at an average price of $170.19, for a total value of $5,105,700.00. As per Thursday, August 10, the company rating was maintained by Stifel Nicolaus. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Cookson Peirce And reported 125,562 shares. 25,507 shares were sold by Byron Michael, worth $3.50M. The disclosure for this sale can be found here. Over the last three months, insiders sold 452,784 shares of company stock valued at $81,437,724. Insiders own 5.82% of the company's stock. About 15.72 million shares traded. NVIDIA Corporation has a 12-month low of $65.52 and a 12-month high of $195.00. The firm has a market capitalization of $116.75 billion, a PE ratio of 55.96 and a beta of 1.28. The company has a 50 day moving average price of $126.30 and a 200-day moving average price of $109.28.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, August 10th.

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NVIDIA Corporation had its "buy" rating reiterated by analysts at Needham & Company. NVIDIA had a net margin of 26.17% and a return on equity of 34.19%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. Louisiana State Employees Retirement accumulated 0.26% or 36,900 shares. Finally, State of Alaska Department of Revenue acquired a new stake in NVIDIA during the first quarter worth $182,000. Polaris Greystone Fin Grp Inc Limited Liability Co invested 2.86% in NVIDIA Corporation (NASDAQ:NVDA). Shareholders of record on Thursday, August 24th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Tuesday, August 22nd. Fmr has invested 0.97% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). (NASDAQ:ERII) is performing -20.87%. If you are reading this piece on another site, it was illegally stolen and republished in violation of worldwide trademark & copyright legislation.

Nvidia's "24-year history in parallel processing and the development of its ubiquitous CUDA platform has uniquely positioned the company to capitalize on the explosion of "intelligence machines" - hundreds of millions of AVs [autonomous vehicles] and trillions of IoT [internet of things] devices, all of which will generate significant network complexity and network consumption", analyst Rajvindra Gill wrote in a note to clients Friday entitled "Entering A World Where Software Will Write Itself: AI Is the Killer App for GPU". 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.

We believe NVDA continues to see strong GPU trends in crypto-currency and gaming.

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