Old Mutual Global Investors Uk LTD Has Cut Position in Nvidia Corp (NVDA) by $24.46 Million as Share Price Rose

January 14, 2018 - By Dolores Ford

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.09, from 1.21 in 2017Q2. It increased, as 45 investors sold NVDA shares while 282 reduced holdings. 127 funds opened positions while 298 raised stakes. 387.15 million shares or 0.29% less from 388.29 million shares in 2017Q2 were reported. Rhumbline Advisers has invested 0.39% in NVIDIA Corporation (NASDAQ:NVDA). Cookson Peirce reported 127,330 shares stake. Staley Cap Advisers holds 5,000 shares or 0.07% of its portfolio. Cim Ltd Liability Corp stated it has 0.24% in NVIDIA Corporation (NASDAQ:NVDA). Hemenway Tru Company Ltd Limited Liability Company holds 6,060 shares. Thrivent Financial For Lutherans has 0.26% invested in NVIDIA Corporation (NASDAQ:NVDA) for 404,371 shares. Kayne Anderson Rudnick Invest Ltd Liability Co reported 218,686 shares or 0.35% of all its holdings. Stralem And reported 5,900 shares. Advsrs Preferred Lc accumulated 1,706 shares. Moreover, Highfields Cap Lp has 1.12% invested in NVIDIA Corporation (NASDAQ:NVDA) for 725,000 shares. Finance Sense Advsr reported 0.14% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Holderness Invests Commerce accumulated 6,130 shares or 0.57% of the stock. Hartford Invest Mgmt holds 0.44% or 131,607 shares in its portfolio. The New York-based Morgan Stanley has invested 0.12% in NVIDIA Corporation (NASDAQ:NVDA). Centre Asset Ltd Liability Com accumulated 4.08% or 88,010 shares.

Since August 14, 2017, it had 0 buys, and 12 insider sales for $81.59 million activity. STEVENS MARK A sold $15.02M worth of stock or 80,250 shares. 110,000 shares were sold by HUANG JEN HSUN, worth $18.27 million on Wednesday, September 6. COXE TENCH sold $9.48 million worth of NVIDIA Corporation (NASDAQ:NVDA) on Monday, September 18. Another trade for 100,000 shares valued at $18.57M was made by JONES HARVEY C on Thursday, September 21. $2.64 million worth of NVIDIA Corporation (NASDAQ:NVDA) was sold by PERRY MARK L on Monday, August 14. Byron Michael had sold 409 shares worth $69,943.

Old Mutual Global Investors Uk Ltd decreased its stake in Nvidia Corp (NVDA) by 18.62% based on its latest 2017Q3 regulatory filing with the SEC. Old Mutual Global Investors Uk Ltd sold 137,433 shares as the company’s stock rose 26.83% with the market. The institutional investor held 600,617 shares of the semiconductors company at the end of 2017Q3, valued at $107.37 million, down from 738,050 at the end of the previous reported quarter. Old Mutual Global Investors Uk Ltd who had been investing in Nvidia Corp for a number of months, seems to be less bullish one the $135.13 billion market cap company. The stock decreased 0.49% or $1.1 during the last trading session, reaching $222.98. About 9.00M shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since January 14, 2017 and is uptrending. It has outperformed by 195.58% the S&P500.

Old Mutual Global Investors Uk Ltd, which manages about $9.56 billion US Long portfolio, upped its stake in Red Hat Inc (NYSE:RHT) by 148,899 shares to 388,201 shares, valued at $43.04M in 2017Q3, according to the filing. It also increased its holding in Aspen Technology Inc (NASDAQ:AZPN) by 82,062 shares in the quarter, for a total of 498,233 shares, and has risen its stake in Wellcare Health Plans Inc (NYSE:WCG).

Analysts await NVIDIA Corporation (NASDAQ:NVDA) to report earnings on February, 8. They expect $1.15 earnings per share, up 16.16 % or $0.16 from last year’s $0.99 per share. NVDA’s profit will be $696.90M for 48.47 P/E if the $1.15 EPS becomes a reality. After $1.33 actual earnings per share reported by NVIDIA Corporation for the previous quarter, Wall Street now forecasts -13.53 % negative EPS growth.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Usnews.com which released: “Nvidia Is Taking the Auto Industry By Storm” on January 08, 2018, also Fool.com with their article: “Better Buy: NVIDIA Corporation vs. Qualcomm” published on January 06, 2018, Seekingalpha.com published: “Nvidia rolling out patches for chip security flaw” on January 10, 2018. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Moodys.com and their article: “Moody’s assigns Prime-2 short term rating to NVIDIA” published on December 18, 2017 as well as Seekingalpha.com‘s news article titled: “Nvidia: Where Can This Thing Go?” with publication date: January 08, 2018.

NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage

Among 44 analysts covering Nvidia Corporation (NASDAQ:NVDA), 25 have Buy rating, 4 Sell and 15 Hold. Therefore 57% are positive. Nvidia Corporation had 174 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Friday, August 11 by Wells Fargo. RBC Capital Markets maintained NVIDIA Corporation (NASDAQ:NVDA) rating on Wednesday, July 12. RBC Capital Markets has “Buy” rating and $17500 target. The company was upgraded on Wednesday, July 12 by SunTrust. The firm has “Buy” rating given on Friday, October 27 by RBC Capital Markets. The firm earned “Underweight” rating on Wednesday, August 10 by Barclays Capital. Mizuho initiated NVIDIA Corporation (NASDAQ:NVDA) rating on Friday, July 15. Mizuho has “Buy” rating and $60 target. Susquehanna initiated the stock with “Neutral” rating in Tuesday, September 20 report. Mizuho maintained NVIDIA Corporation (NASDAQ:NVDA) on Friday, August 12 with “Buy” rating. Roth Capital upgraded it to “Buy” rating and $25 target in Friday, August 7 report. Citigroup initiated the shares of NVDA in report on Wednesday, November 2 with “Buy” rating.

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