Buy For Total Return, But It May Be Overvalued: NVIDIA Corporation (NVDA)

The NVIDIA Corporation (NASDAQ: NVDA)’s share value over the past five trading sessions has moved -3.62%. Most times, investors are keen on a …

The NVIDIA Corporation (NASDAQ: NVDA)’s share value over the past five trading sessions has moved -3.62%. Most times, investors are keen on a stock’s current performance and forget to focus on how it performed over different timelines, including its weekly charts, monthly performance, quarterly results, yearly and year-to-date (YTD). As for the shares of NVIDIA Corporation (NVDA), the stock is currently down -7.45% on the monthly charts and has been on an downtrend over the last three months. Further back, NVDA is up 4.11% and -40.56% for the past six months and one year respectively. Year-to-date, the stock has moved -40.56% lower.

NVIDIA Corporation (NASDAQ: NVDA) shares surged during Tuesday’s trading session, losing -$3.65 to see the stock exchange hands at $161.80 per unit. At the moment, the company has a debt-to-equity ratio of 0.00. Following the trades, the stock’s 52-week low price has moved to $124.46 with the NVDA share now at $292.76 for its 52-weeks high. The company’s market cap is now at $104.02 billion, with the PE ratio pointing at 42.32. For its growth ratio, NVDA stands at 3.39 while its beta reads 2.05.

Glancing at the stock’s value we find that its price index over 10 months is 0.78, which is an average of the stock’s price over the last 10 months. An average figure higher than 1 says that the company’s shares are gathering momentum, but figures under 1.0 project a stock whose momentum is in a downturn.

The price index for the NVDA stock over 12 months is 0.59 at present. If we focus on the shorter timeframes, then the 5-month price index moves to 0.91, with the 3-month index just at 1.15. Over the 1-month timeline the price index stood at 0.93.

Multiple groups of Wall Street analysts have recently been drawn to the NVDA stock, with those at The Benchmark Company Resumed the stock to a Buy. The analysts released their assessment via a research note they published Aug-21-19. Analysts at RBC Capital Mkts maintained their earlier rating, although they did dropped the stock’s price target to $190 from $200. Over at Cascend Securities, the analysts restated the earlier stance about NVIDIA Corporation shares, rating the shares Buy in a note released Jul-11-19. The analysts have also raised their price target for NVDA to $190.

NVIDIA Corporation (NASDAQ: NVDA) boasts a $104.02 billion market cap, a relatively reasonable valuation that should help investors figure the company’s potential in the market. The company’s stock price currently stands at $161.80.

Although the stock has performed remarkably well in recent months, the overall interest from investors has dropped noticeably. That has seen its trading volume slump by -31.02%, figures that rank poorly compared to the stock’s average volumes. This information is critical as it reflects the stocks’ float size, given that the market is exposed to 583.01 million shares of the company.

NVIDIA Corporation has a market capitalization of $104.02 billion, with approximately $782.0 million of this currently on the company’s books. If we compare and weigh these figures against the company’s liabilities, we find that liabilities total 1.33 billion at present. NVIDIA Corporation’s annual revenue has increased to about $11.72 billion, although there is positivity with the company’s year-over-year quarterly earnings down by -17.40%.

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Citigroup INC Trimmed Nvidia Corp (NVDA) Holding by $28.20 Million; Shares Declined

Investors sentiment increased to 1.51 in 2019 Q1. Its up 0.60, from 0.91 in 2018Q4. It is positive, as 97 investors sold NVDA shares while 257 reduced …

NVIDIA Corporation (NASDAQ:NVDA) LogoInvestors sentiment increased to 1.51 in 2019 Q1. Its up 0.60, from 0.91 in 2018Q4. It is positive, as 97 investors sold NVDA shares while 257 reduced holdings. 166 funds opened positions while 367 raised stakes. 394.73 million shares or 1.89% less from 402.31 million shares in 2018Q4 were reported. Eulav Asset Mgmt reported 77,000 shares or 0.58% of all its holdings. Douglass Winthrop Advsr Lc has 0.01% invested in NVIDIA Corporation (NASDAQ:NVDA). Conning has invested 0.08% in NVIDIA Corporation (NASDAQ:NVDA). Exane Derivatives reported 2,562 shares or 0% of all its holdings. Stifel Fin Corp owns 254,693 shares. Cornerstone Advisors owns 2,546 shares for 0.04% of their portfolio. Shine Invest Advisory Svcs, Colorado-based fund reported 788 shares. The New York-based Arrowgrass Prtnrs (Us) Limited Partnership has invested 0.07% in NVIDIA Corporation (NASDAQ:NVDA). Stock Yards Bankshares And Trust Co holds 1,550 shares or 0.03% of its portfolio. Wellington Management Grp Llp reported 792,138 shares. Pinnacle Wealth Advisory Group Limited Liability Company stated it has 0.22% in NVIDIA Corporation (NASDAQ:NVDA). The Japan-based Nomura Hldg has invested 0.59% in NVIDIA Corporation (NASDAQ:NVDA). Pennsylvania Trust, a Pennsylvania-based fund reported 232,233 shares. Services Automobile Association holds 736,051 shares or 0.34% of its portfolio. Van Eck Associate Corporation holds 338,298 shares or 0.3% of its portfolio.

Citigroup Inc decreased its stake in Nvidia Corp (NVDA) by 16.29% based on its latest 2019Q1 regulatory filing with the SEC. Citigroup Inc sold 157,530 shares as the company’s stock declined 6.51% . The institutional investor held 809,470 shares of the semiconductors company at the end of 2019Q1, valued at $145.35M, down from 967,000 at the end of the previous reported quarter. Citigroup Inc who had been investing in Nvidia Corp for a number of months, seems to be less bullish one the $98.54B market cap company. The stock decreased 2.21% or $3.65 during the last trading session, reaching $161.8. About 7.29M shares traded. NVIDIA Corporation (NASDAQ:NVDA) has declined 30.89% since August 28, 2018 and is downtrending. It has underperformed by 30.89% the S&P500.

Citigroup Inc, which manages about $103.75 billion US Long portfolio, upped its stake in Paccar Inc (NASDAQ:PCAR) by 102,382 shares to 223,282 shares, valued at $15.22M in 2019Q1, according to the filing. It also increased its holding in Booz Allen Hamilton Hldg Cor (NYSE:BAH) by 60,955 shares in the quarter, for a total of 160,001 shares, and has risen its stake in Ishares Tr (IWN).

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Nasdaq.com which released: “U.S. STOCKS ON THE MOVE-GE, Nvidia, Accuray, TJX, Kratos, Mogo – Nasdaq” on August 16, 2019, also Nasdaq.com with their article: “Nvidia vs. AMD: The Future of The GPU Space – Nasdaq” published on August 08, 2019, Nasdaq.com published: “NVIDIA RTX Extends Reach Across Top Applications, Bringing Ray Tracing, AI to Millions of Creatives – Nasdaq” on July 29, 2019. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Nasdaq.com and their article: “Technology Sector Update for 08/16/2019: CSCO,PHUN,NVDA,AMAT – Nasdaq” published on August 16, 2019 as well as Nasdaq.com‘s news article titled: “3 Reasons Why Investors Should Be Considering Moving Into Nvidia Stock – Nasdaq” with publication date: July 25, 2019.

NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage

Among 23 analysts covering NVIDIA (NASDAQ:NVDA), 16 have Buy rating, 1 Sell and 6 Hold. Therefore 70% are positive. NVIDIA has $210 highest and $140 lowest target. $182.13’s average target is 12.56% above currents $161.8 stock price. NVIDIA had 45 analyst reports since March 2, 2019 according to SRatingsIntel. Oppenheimer maintained the stock with “Buy” rating in Monday, March 11 report. On Thursday, July 11 the stock rating was upgraded by Cascend to “Buy”. The company was maintained on Wednesday, March 13 by Citigroup. BMO Capital Markets maintained NVIDIA Corporation (NASDAQ:NVDA) on Monday, March 11 with “Hold” rating. On Wednesday, March 20 the stock rating was maintained by Jefferies with “Buy”. The rating was maintained by Susquehanna with “Buy” on Tuesday, March 19. On Thursday, June 6 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Buy” rating given on Tuesday, March 12 by Bank of America. Morgan Stanley maintained the stock with “Hold” rating in Tuesday, March 12 report. Deutsche Bank upgraded the stock to “Hold” rating in Wednesday, March 20 report.

NVIDIA Corporation (NASDAQ:NVDA) Institutional Positions Chart

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Amf Pensionsforsakring Ab Has Lowered Its Holding in Nvidia Corp (NVDA) by $4.89 Million

Rothschild Inv Il owns 0.24% invested in NVIDIA Corporation (NASDAQ:NVDA) for 11,330 shares. Cypress Capital has invested 0.13% of its portfolio …

NVIDIA Corporation (NASDAQ:NVDA) LogoInvestors sentiment increased to 1.51 in 2019 Q1. Its up 0.60, from 0.91 in 2018Q4. It improved, as 97 investors sold NVDA shares while 257 reduced holdings. 166 funds opened positions while 367 raised stakes. 394.73 million shares or 1.89% less from 402.31 million shares in 2018Q4 were reported. Rothschild Inv Il owns 0.24% invested in NVIDIA Corporation (NASDAQ:NVDA) for 11,330 shares. Cypress Capital has invested 0.13% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). 15 were accumulated by Macroview Inv Management Limited. Cibc Markets Inc has invested 0.07% in NVIDIA Corporation (NASDAQ:NVDA). Motley Fool Asset Mngmt Ltd Liability Corp reported 9,810 shares. The Arizona-based Dynamic Advisor Solutions Ltd Liability Corporation has invested 0.22% in NVIDIA Corporation (NASDAQ:NVDA). Reliance Trust Company Of Delaware holds 0.07% or 2,466 shares. 50,000 are owned by Weiss Multi. Farmers Bancshares reported 0.04% in NVIDIA Corporation (NASDAQ:NVDA). Martingale Asset Mgmt LP holds 0.02% or 9,506 shares in its portfolio. State Bank Of Mellon Corporation holds 0.24% or 4.70 million shares. Bb&T Limited Co holds 0.07% or 43,058 shares in its portfolio. Baystate Wealth Management Ltd Liability has 0.02% invested in NVIDIA Corporation (NASDAQ:NVDA) for 701 shares. Buckingham Asset Ltd Co holds 2,289 shares or 0.05% of its portfolio. London Of Virginia holds 3,980 shares.

Amf Pensionsforsakring Ab decreased its stake in Nvidia Corp (NVDA) by 6.05% based on its latest 2019Q1 regulatory filing with the SEC. Amf Pensionsforsakring Ab sold 27,304 shares as the company’s stock declined 6.51% . The institutional investor held 424,012 shares of the semiconductors company at the end of 2019Q1, valued at $76.14M, down from 451,316 at the end of the previous reported quarter. Amf Pensionsforsakring Ab who had been investing in Nvidia Corp for a number of months, seems to be less bullish one the $98.93 billion market cap company. The stock decreased 5.27% or $9.04 during the last trading session, reaching $162.44. About 14.24 million shares traded or 36.10% up from the average. NVIDIA Corporation (NASDAQ:NVDA) has declined 30.89% since August 25, 2018 and is downtrending. It has underperformed by 30.89% the S&P500.

Amf Pensionsforsakring Ab, which manages about $10.07B US Long portfolio, upped its stake in Lowes Cos Inc (NYSE:LOW) by 59,894 shares to 779,028 shares, valued at $85.28 million in 2019Q1, according to the filing. It also increased its holding in Hilton Worldwide Hldgs Inc by 267,199 shares in the quarter, for a total of 356,199 shares, and has risen its stake in Sempra Energy (NYSE:SRE).

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Nasdaq.com which released: “Nasdaq 100 Movers: AMAT, NVDA – Nasdaq” on August 16, 2019, also Nasdaq.com with their article: “The Zacks Analyst Blog Highlights: Berkshire Hathaway, Johnson & Johnson, NVIDIA, Booking and Fidelity – Nasdaq” published on August 20, 2019, Nasdaq.com published: “Bet on NVIDIA’s Solid Q2 With These ETFs – Nasdaq” on August 16, 2019. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Nasdaq.com and their article: “NVIDIA (NVDA) to Post Q2 Earnings: What’s in the Offing? – Nasdaq” published on August 12, 2019 as well as Nasdaq.com‘s news article titled: “NVIDIA Sets Conference Call for Second-Quarter Financial Results – Nasdaq” with publication date: August 01, 2019.

NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage

Among 23 analysts covering NVIDIA (NASDAQ:NVDA), 16 have Buy rating, 1 Sell and 6 Hold. Therefore 70% are positive. NVIDIA has $210 highest and $140 lowest target. $182.13’s average target is 12.12% above currents $162.44 stock price. NVIDIA had 45 analyst reports since March 2, 2019 according to SRatingsIntel. The rating was maintained by Citigroup on Wednesday, March 13 with “Buy”. The rating was initiated by Craig Hallum with “Hold” on Thursday, March 14. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Equal-Weight” rating given on Monday, May 13 by Morgan Stanley. The stock has “Buy” rating by Benchmark on Wednesday, August 21. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Buy” rating given on Wednesday, March 20 by Mizuho. SunTrust maintained it with “Buy” rating and $210 target in Tuesday, March 12 report. As per Monday, March 11, the company rating was maintained by BMO Capital Markets. RBC Capital Markets maintained NVIDIA Corporation (NASDAQ:NVDA) on Wednesday, March 20 with “Buy” rating. UBS maintained the stock with “Buy” rating in Friday, May 17 report. The firm has “Sell” rating by DZ Bank given on Friday, April 12.

NVIDIA Corporation (NASDAQ:NVDA) Institutional Positions Chart

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South Street Advisors Has Lifted By $470054 Its Nvidia (NVDA) Holding; Counterpath (CPAH …

South Street Advisors Llc increased Nvidia Corp (NVDA) stake by 6.37% reported in 2019Q1 SEC filing. South Street Advisors Llc acquired 2,626 …

CounterPath Corporation (NASDAQ:CPAH) Logo

Counterpath Corporation (NASDAQ:CPAH) had an increase of 127.58% in short interest. CPAH’s SI was 203,000 shares in August as released by FINRA. Its up 127.58% from 89,200 shares previously. With 198,000 avg volume, 1 days are for Counterpath Corporation (NASDAQ:CPAH)’s short sellers to cover CPAH’s short positions. The SI to Counterpath Corporation’s float is 7.69%. The stock decreased 12.03% or $0.1566 during the last trading session, reaching $1.145. About 102,932 shares traded. CounterPath Corporation (NASDAQ:CPAH) has declined 39.94% since August 25, 2018 and is downtrending. It has underperformed by 39.94% the S&P500.

South Street Advisors Llc increased Nvidia Corp (NVDA) stake by 6.37% reported in 2019Q1 SEC filing. South Street Advisors Llc acquired 2,626 shares as Nvidia Corp (NVDA)’s stock declined 6.51%. The South Street Advisors Llc holds 43,878 shares with $7.88 million value, up from 41,252 last quarter. Nvidia Corp now has $98.93B valuation. The stock decreased 5.27% or $9.04 during the last trading session, reaching $162.44. About 14.24M shares traded or 36.10% up from the average. NVIDIA Corporation (NASDAQ:NVDA) has declined 30.89% since August 25, 2018 and is downtrending. It has underperformed by 30.89% the S&P500. Some Historical NVDA News: 27/03/2018 – Techmeme: Nvidia suspends self-driving tests globally: source (Reuters); 27/03/2018 – Chipmaker Nvidia is suspending its self-driving testing after Uber’s fatal crash; 26/03/2018 – Vexata and GPL Technologies to Exhibit Transformative Storage Solutions for Machine, Deep Learning and AI at the Nvidia GPU Tec; 31/03/2018 – Chipmaker Nvidia is suspending its self-driving testing after Uber’s fatal crash:; 17/05/2018 – Tech Radar: Nvidia GTX 1180 Founders Edition looks set to rock PCs in July; 27/03/2018 – NVIDIA Reinvents the Workstation with Real-Time Ray Tracing; 27/03/2018 – Nvidia Declines After Suspending Self-Driving Car Testing; 16/04/2018 – TECH-HEAVY NASDAQ TRIMS SOME GAINS, NOW UP 0.16 PCT, WITH TESLA, NVIDIA AMONG TOP DRAGS; 18/04/2018 – Hard OCP: NVIDIA GeForce GTX 1180 Rumor Mill; 10/05/2018 – NVIDIA CORP – QTRLY DATACENTER REVENUE GREW 71 PERCENT FROM A YEAR EARLIER TO $701 MLN

More notable recent CounterPath Corporation (NASDAQ:CPAH) news were published by: Seekingalpha.com which released: “CBLK, PVTL and TC among tech movers – Seeking Alpha” on August 23, 2019, also Stockhouse.com with their article: “CounterPath Enhances Visitor Management Experience for WinTech’s ALICE Receptionist with Integrated Voice and Video Communication Solutions – Stockhouse” published on August 20, 2019, Seekingalpha.com published: “CounterPath Is Not A Blockchain Company – Seeking Alpha” on June 29, 2019. More interesting news about CounterPath Corporation (NASDAQ:CPAH) were released by: Benzinga.com and their article: “A Look At Benzinga Pro’s Most-Searched Tickers For June 27, 2019 – Benzinga” published on June 27, 2019 as well as Seekingalpha.com‘s news article titled: “CounterPath Seems To Have Found A Path To Growth – Seeking Alpha” with publication date: July 23, 2018.

CounterPath Corporation designs, develops, markets, and sells software applications and related services in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company has market cap of $6.82 million. The companyÂ’s software applications and related services enable enterprises and telecommunication service providers to deliver voice, video, and messaging and collaboration functionality over their Internet protocol and based networks. It currently has negative earnings. The Company’s products include Bria softphone suite, which enables clients and business users to make voice over Internet protocol audio and video calls, send instant messages, manage their presence, share their screen, and collaborate with other users using desktop computers and laptops, smartphones, and tablets; and X-Lite, a standards VoIP softphone application that runs on desktop computers.

Investors sentiment increased to 1.51 in 2019 Q1. Its up 0.60, from 0.91 in 2018Q4. It increased, as 97 investors sold NVDA shares while 257 reduced holdings. 166 funds opened positions while 367 raised stakes. 394.73 million shares or 1.89% less from 402.31 million shares in 2018Q4 were reported. Private Ocean Limited has 809 shares. Macquarie Grp Incorporated Ltd accumulated 147,210 shares. Freestone Limited Liability Co owns 4,009 shares. Moreover, Ogorek Anthony Joseph Adv has 0.04% invested in NVIDIA Corporation (NASDAQ:NVDA). Meiji Yasuda Asset Mgmt Ltd invested 0.38% in NVIDIA Corporation (NASDAQ:NVDA). Amf Pensionsforsakring Ab has invested 0.76% in NVIDIA Corporation (NASDAQ:NVDA). 1,997 are held by Liberty Mgmt Incorporated. Waters Parkerson Com Ltd Liability invested in 2,310 shares or 0.03% of the stock. Argi Invest Ltd Liability Corp reported 0.01% stake. Segall Bryant And Hamill Limited Liability has 1,621 shares. Quantitative Systematic Strategies Llc stated it has 1,148 shares. Connecticut-based Hartford Fincl Incorporated has invested 0.07% in NVIDIA Corporation (NASDAQ:NVDA). Hillsdale Inv Management, a Ontario – Canada-based fund reported 250 shares. Deutsche Bancshares Ag owns 2.39 million shares or 0.26% of their US portfolio. First Commonwealth Financial Corp Pa stated it has 1,935 shares.

Among 23 analysts covering NVIDIA (NASDAQ:NVDA), 16 have Buy rating, 1 Sell and 6 Hold. Therefore 70% are positive. NVIDIA has $210 highest and $140 lowest target. $182.13’s average target is 12.12% above currents $162.44 stock price. NVIDIA had 45 analyst reports since March 2, 2019 according to SRatingsIntel. The rating was reinitiated by Benchmark with “Buy” on Wednesday, August 21. The rating was maintained by Bank of America with “Buy” on Tuesday, March 12. As per Monday, March 11, the company rating was maintained by Mizuho. The stock has “Hold” rating by Morgan Stanley on Tuesday, March 12. Jefferies maintained NVIDIA Corporation (NASDAQ:NVDA) on Wednesday, March 20 with “Buy” rating. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Buy” rating given on Monday, March 11 by Oppenheimer. The stock has “Buy” rating by Mizuho on Wednesday, March 20. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Buy” rating given on Tuesday, March 12 by SunTrust. DZ Bank downgraded the stock to “Sell” rating in Friday, April 12 report. As per Friday, May 17, the company rating was maintained by UBS.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Benzinga.com which released: “Nvidia Analysts Preview Q2 Earnings: A Challenging Near Term, But Out Years Hold Promise – Benzinga” on August 14, 2019, also Nasdaq.com with their article: “NVIDIA Remains Under Pressure From AMD – Nasdaq” published on August 24, 2019, Seekingalpha.com published: “Nvidia Got Its Game Back – Seeking Alpha” on August 23, 2019. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Nasdaq.com and their article: “Why NVIDIA Stock Jumped 7% on Monday – Nasdaq” published on August 20, 2019 as well as Nasdaq.com‘s news article titled: “Nvidia Stock Finally Has What It Takes to Break Out of $200 Again – Nasdaq” with publication date: August 21, 2019.

NVIDIA Corporation (NASDAQ:NVDA) Institutional Positions Chart

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Amf Pensionsforsakring Ab Lowered Its Nvidia Corp (NVDA) Position by $4.89 Million

Whittier Trust Of Nevada Inc invested 0.19% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Intersect Capital Ltd Liability Corporation has …

NVIDIA Corporation (NASDAQ:NVDA) LogoInvestors sentiment increased to 1.51 in 2019 Q1. Its up 0.60, from 0.91 in 2018Q4. It is positive, as 97 investors sold NVDA shares while 257 reduced holdings. 166 funds opened positions while 367 raised stakes. 394.73 million shares or 1.89% less from 402.31 million shares in 2018Q4 were reported. Sector Pension Board reported 191,621 shares. 24,584 were accumulated by Cetera Advisor Limited Liability Com. Whittier Trust Of Nevada Inc invested 0.19% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Intersect Capital Ltd Liability Corporation has 6,626 shares for 0.5% of their portfolio. Riverbridge Partners Lc reported 0.32% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Fisher Asset Limited Company holds 133,770 shares. Motley Fool Asset Management Lc holds 0.2% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 9,810 shares. Thompson Siegel And Walmsley Ltd Liability Corp stated it has 10,671 shares or 0.03% of all its holdings. Quantitative Systematic Strategies Ltd Liability Co stated it has 1,148 shares or 0.05% of all its holdings. Ent Serv Corporation accumulated 451 shares. Gfs Advsr Limited Liability, Texas-based fund reported 12,515 shares. Greystone Managed Invests Inc reported 0.26% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Great Lakes Ltd Co reported 36,445 shares stake. Finemark Bankshares And Tru holds 1,261 shares. 17,746 were accumulated by Fincl Counselors.

Amf Pensionsforsakring Ab decreased its stake in Nvidia Corp (NVDA) by 6.05% based on its latest 2019Q1 regulatory filing with the SEC. Amf Pensionsforsakring Ab sold 27,304 shares as the company’s stock declined 6.51% . The institutional investor held 424,012 shares of the semiconductors company at the end of 2019Q1, valued at $76.14 million, down from 451,316 at the end of the previous reported quarter. Amf Pensionsforsakring Ab who had been investing in Nvidia Corp for a number of months, seems to be less bullish one the $98.93B market cap company. The stock decreased 5.27% or $9.04 during the last trading session, reaching $162.44. About 14.24M shares traded or 36.10% up from the average. NVIDIA Corporation (NASDAQ:NVDA) has declined 30.89% since August 25, 2018 and is downtrending. It has underperformed by 30.89% the S&P500.

Amf Pensionsforsakring Ab, which manages about $10.07 billion US Long portfolio, upped its stake in Centene Corp Del (NYSE:CNC) by 162,742 shares to 327,359 shares, valued at $17.38M in 2019Q1, according to the filing. It also increased its holding in Procter And Gamble Co (NYSE:PG) by 163,286 shares in the quarter, for a total of 2.16M shares, and has risen its stake in Lowes Cos Inc (NYSE:LOW).

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Seekingalpha.com which released: “Nvidia bringing realistic graphics to ‘Minecraft’ – Seeking Alpha” on August 19, 2019, also Nasdaq.com with their article: “Why NVIDIA Stock Jumped 7% on Monday – Nasdaq” published on August 20, 2019, Nasdaq.com published: “Nvidia Stock Is Supposed to Be Hot, But It’s Leaving Investors Cold – Nasdaq” on June 19, 2019. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Investorplace.com and their article: “5 Top Stock Trades for Thursday: NVDA, GOOGL, CSCO, REAL – Investorplace.com” published on August 14, 2019 as well as Investorideas.com‘s news article titled: “Newswire – The AI Eye: NVIDIA (Nasdaq: $NVDA) RTX Leveraged Across Software Market and Datametrex AI Selected to Be Tech Solution Provider for Two Lakes Group – InvestorIdeas.com” with publication date: July 29, 2019.

NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage

Among 23 analysts covering NVIDIA (NASDAQ:NVDA), 16 have Buy rating, 1 Sell and 6 Hold. Therefore 70% are positive. NVIDIA has $210 highest and $140 lowest target. $182.13’s average target is 12.12% above currents $162.44 stock price. NVIDIA had 45 analyst reports since March 2, 2019 according to SRatingsIntel. Morgan Stanley maintained NVIDIA Corporation (NASDAQ:NVDA) rating on Friday, August 16. Morgan Stanley has “Equal-Weight” rating and $18000 target. The rating was maintained by UBS with “Buy” on Wednesday, March 20. The firm has “Hold” rating by Deutsche Bank given on Wednesday, March 20. Benchmark reinitiated the stock with “Buy” rating in Wednesday, August 21 report. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Buy” rating by Wells Fargo on Tuesday, March 19. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Buy” rating given on Wednesday, March 13 by Citigroup. The stock has “Buy” rating by Cascend on Thursday, July 11. The rating was maintained by Bank of America with “Buy” on Tuesday, March 12. SunTrust maintained NVIDIA Corporation (NASDAQ:NVDA) on Tuesday, March 12 with “Buy” rating. The firm has “Buy” rating given on Friday, May 17 by UBS.

NVIDIA Corporation (NASDAQ:NVDA) Institutional Positions Chart

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