NVIDIA Corporation (NVDA): No Bullish Case For This Stock Right Now?

NVIDIA Corporation (NASDAQ:NVDA) has made a 7.38% comeback from a 12-month low price of $124.46. It was seen 1.89% higher, changing the price to $133.65, when the closing bell rang on 12/28/2018. At recent session, the prices were hovering between $130.31 and $137.39. This company shares are 70.92% off its target price of $228.44 and the current market capitalization stands at $83.12B. The recent change has given its price a -24.77% deficit over SMA 50 and -54.35% deficit over its 52-week high. The stock witnessed -13.06% declines, -50.02% declines and -44.51% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NVDA’s volatility during a week at 5.92% and during a month it has been found around 5.66%.

NVIDIA Corporation (NVDA) Top Holders

Institutional investors currently hold around $56.23 billion or 70.3% in NVDA stock. Look at its top three institutional owners. Fmr Llc owns $6.59 billion in NVIDIA Corporation, which represents roughly 7.93% of the company’s market cap and approximately 11.72% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 44,464,641 shares of the stock are valued at $5.94 billion. The third largest holder is Blackrock Inc., which currently holds $5.2 billion worth of this stock and that ownership represents nearly 6.26% of its market capitalization.

NVIDIA Corporation 13F Filings

At the end of September reporting period, 728 institutional holders increased their position in NVIDIA Corporation (NASDAQ:NVDA) by some 34,808,499 shares, 554 decreased positions by 20,058,087 and 166 held positions by 365,882,327. That puts total institutional holdings at 420,748,913 shares, according to SEC filings. The stock grabbed 152 new institutional investments totaling 6,191,688 shares while 86 institutional investors sold out their entire positions totaling 2,119,406 shares.

NVIDIA Corporation (NASDAQ:NVDA) Insider Trades

Multiple company employees have indulged in significant insider trading. NVIDIA Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP & CFO Kress Colette has sold 889 shares of NVIDIA Corporation (NVDA) in trading session dated Dec. 14, 2018. These shares are worth $131,492 and were traded at $147.91 each. The SEC filing shows that Puri Ajay K performed a sale of 90,831 shares. The EVP, Worldwide Field Ops disposed these shares by way of transaction on Oct. 02, 2018. The company’s shares were given away at $289.35 per share worth to an income of some $26,281,950 on account of Puri Ajay K.

Principal Accounting Officer, Byron Michael, sold 11,257 common shares of NVIDIA Corporation (NVDA) in the open market. In a transaction dated Sep. 24, 2018, the shares were put up for sale at an average price of $263.94, raking in a sum of $2,971,173. After this sale, 81,414 common shares of NVDA are directly owned by the insider, with total stake valued at $10,880,981.

In the transaction dated Sep. 20, 2018, the great number of shares disposed came courtesy the EVP & CFO; Kress Colette disposed a total of 11,576 shares at an average price of $266.31, amounting to approximately $3,082,805. The insider now directly owns 262,667 shares worth $35,105,445.

NVIDIA Corporation (NVDA) Analyst Guide

Several analysts have released their opinion on NVIDIA Corporation (NASDAQ:NVDA), with 10 analysts believing it is a strong buy. Whereas 10 of them predict the stock is a hold. Also, there are 17 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation.