NVIDIA Corporation (NVDA) Short Interest Down 17.5% in September

NVIDIA Corporation (NVDA) Short Interest Down 17.5% in September

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Tuesday, May 9th. As of September 29th, there was short interest totalling 14,755,916 shares, a drop of 17.5% from the September 15th total of 17,880,570 shares. Royal Bank Of Canada lifted their price objective on shares of NVIDIA Corporation from $205.00 to $220.00 and gave the stock an "outperform" rating in a research note on Thursday. As concerns shares volumes, in share Capital Company has 600.33 million outstanding shares among them 573.18 million shares have been floated in market exchange.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Investorplace.com which released: "NVIDIA Corporation (NVDA) Is Set to Easily Cross $200 per Share" on October 11, 2017, also Seekingalpha.com with their article: "Nvidia: Enemy At The Gate" published on September 25, 2017, Fool.com published: "Intel Corporation Reportedly Snatches Tesla Inc". The stock's 50-day moving average is $116.79 and its 200-day moving average is $106.39. The company has market cap of $114.62 billion. NVIDIA has a 52-week low of $44.57 and a 52-week high of $147.00. The stock of NVIDIA Corporation (NASDAQ:NVDA) has "Buy" rating given on Friday, August 7 by Roth Capital. The computer hardware maker reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.32. NVIDIA had a return on equity of 34.13% and a net margin of 23.82%. The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $1.96 billion. After $0.92 actual EPS reported by NVIDIA Corporation for the previous quarter, Wall Street now forecasts 2.17% EPS growth.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Moreover, Quantitative Mgmt Limited Liability Corporation has 0.01% invested in Air Lease Corp (NYSE:AL) for 18,300 shares. This represents a $0.56 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Friday, May 19th. NVIDIA Corporation's dividend payout ratio is now 15.86%. Air Lease had 31 analyst reports since August 7, 2015 according to SRatingsIntel. Finally, Jefferies Group LLC cut NVIDIA Corporation from a "buy" rating to an "underperform" rating and increased their price target for the company from $140.00 to $180.00 in a research report on Monday, July 10th.

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". Goldman Sachs Group, Inc.

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The firm reiterated its Buy rating on NVDA and boosted its price target from $200 to $250. Covering sell-side analysts are estimating company growth for next year to be 10.01%. The stock now has an average rating of "Hold" and an average price target of $157.88. The legal version of this piece of content can be viewed at https://weekherald.com/2017/10/13/gratry-co-llc-lowers-stake-in-nvidia-corporation-nvda.html.

Micron reported that it has agreed to sell around 29.3 million shares of its common stock at a public offering price of $41.00 per share. The sale was disclosed in a document filed with the SEC, which is available through this link. The stock was sold at an average price of $171.01, for a total value of $69,943.09. Another trade for 81,931 shares valued at $11.46M was sold by Puri Ajay K. The disclosure for this sale can be found here. Over the last five trading sessions, the stock has moved 5.68%.

A number of hedge funds have recently bought and sold shares of NVDA. Oppenheimer Asset Management Inc. lifted its holdings in NVIDIA Corporation by 17.8% during the 2nd quarter. RB Capital Management LLC acquired a new position in NVIDIA Corporation during the 2nd quarter worth about $272,000. Proficio Capital Partners LLC lifted its stake in NVIDIA Corporation by 186.1% in the 1st quarter. The firm owned 2,790 shares of the computer hardware maker's stock after selling 920 shares during the period. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker's stock valued at $132,000 after buying an additional 1,060 shares during the period. Finally, Intl Fcstone Inc. acquired a new position in shares of NVIDIA Corporation during the 2nd quarter worth approximately $254,000. TrimTabs Asset Management LLC now owns 1,598 shares of the computer hardware maker's stock valued at $174,000 after buying an additional 752 shares during the period. Institutional investors own 65.79% of the company's stock.

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