Short Interest in NVIDIA Co. (NVDA) Increases By 6.9%

Jay Anderson
May 18, 2017

Analysts taken into consideration by Zacks Research have a current mean target price of $164.642 on Parker-Hannifin Corporation (NYSE:PH) shares. Goldman Sachs Group Inc's price objective would indicate a potential downside of 4.98% from the company's current price.

A number of equities research analysts have recently commented on NVDA shares. The Montana-based Da Davidson & has invested 0.02% in NVIDIA Corporation (NASDAQ:NVDA). Vetr upgraded NVIDIA from a "buy" rating to a "strong-buy" rating and set a $117.98 target price for the company in a report on Tuesday, April 4th. Mizuho upped their price objective on NVIDIA from $115.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, February 10th.

Among 35 analysts covering Nvidia Corporation (NASDAQ:NVDA), 18 have Buy rating, 5 Sell and 12 Hold.

NVIDIA Corporation (NVDA) has been given an average price target of $118.03 from analysts, according to data collected by Finviz.

NVIDIA Corporation (NVDA) has a 52-week high of $34.41 and a 52-week low of $40.25. Earnings per share serves as an indicator of a company's profitability. The stock has a market cap of $78.13 billion, a P/E ratio of 44.30 and a beta of 1.31.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend. NVIDIA has a 12 month low of $39.00 and a 12 month high of $130.43. $5.63M worth of NVIDIA Corporation (NASDAQ:NVDA) shares were sold by Kress Colette. The Paloma Partners Management Company holds 175,879 shares with $18.77M value, up from 15,000 last quarter. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period past year, the firm earned $0.46 EPS. The business's revenue for the quarter was up 48.7% compared to the same quarter previous year. Equities analysts anticipate that NVIDIA Co. will post $3.08 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 14th. The ex-dividend date of this dividend is Friday, May 19th. It has a dividend yield of 0.40% and a 5 year dividend growth rate of 0.00%. NVIDIA's dividend payout ratio is presently 21.96%.

Before looking at the financial values or the trading statistics of NVIDIA Corporation (NVDA), we will start our analysis with the SMA or Simple Moving Average values. "(NVDA)" was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another website, it was illegally stolen and republished in violation of USA and worldwide copyright and trademark legislation. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/05/17/us-bancorp-de-has-3-999-million-stake-in-nvidia-co-nvda.html.

In related news, Director A Brooke Seawell sold 32,820 shares of the firm's stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $109.00, for a total value of $3,577,380.00.

Horseman Capital Management Ltd increased Nvidia Corp (NVDA) stake by 104.55% reported in 2016Q4 SEC filing. Shares for $14.49 million were sold by Puri Ajay K. The insider Byron Michael sold 750 shares worth $76,565. Kranich Robin B had sold 3,361 shares worth $379,565. The disclosure for this sale can be found here. Insiders sold a total of 312,240 shares of company stock valued at $34,347,618 over the last three months. Following the completion of the sale, the chief financial officer now owns 391,354 shares in the company, valued at approximately $41,217,403.28. Columbus Circle Investors purchased a new stake in shares of NVIDIA during the first quarter worth about $8,530,000. US Bancorp DE's holdings in NVIDIA were worth $3,999,000 at the end of the most recent quarter. The stock of Gartner Inc (NYSE:IT) earned "Buy" rating by Sterne Agee CRT on Tuesday, March 22. Stephens Inc. AR now owns 1,926 shares of the computer hardware maker's stock valued at $132,000 after buying an additional 179 shares in the last quarter. Finally, Wealthfront Inc. boosted its stake in shares of NVIDIA by 14.9% in the fourth quarter.

A trend analysis is a method of analysis that allows traders to predict what will happen with a stock in the future. Looking at this figure it suggests that the shares of NVIDIA Corporation (NVDA) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that NVIDIA Corporation (NVDA) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued.

Nvidia Corporation focuses on personal computer graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company's operates through two divisions: GPU and Tegra Processor. 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.

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