Nvidia Muscles Higher On Third-Quarter Beat, Price-Target Hikes

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The fund owned 4,846 shares of the computer hardware maker's stock after purchasing an additional 2,052 shares during the quarter. The rating was downgraded by Cowen & Co on Monday, February 6 to "Market Perform".

Independent Bank Corp.is a bank holding company. Institute For Wealth reported 0.98% stake. The Southpoint Capital Advisors Lp holds 2.35 million shares with $70.08 million value, down from 3.00M last quarter. 4 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Brown-Forman Corporation (NYSE:BF.B) has risen 11.07% since November 10, 2016 and is uptrending. Following the completion of the sale, the executive vice president now directly owns 60,529 shares of the company's stock, valued at approximately $776,587.07.

NVIDIA Corporation (NASDAQ:NVDA) posted solid quarterly results yesterday after the closing bell, and buried within the report was much weaker demand from cryptocurrency miners. Endurance Wealth Management Inc. owns 127,408 shares or 1.44% of their USA portfolio. State Of Tennessee Treasury Department holds 33,773 shares. Silvercrest Asset Management Group Llc, a New York-based fund reported 1.58 million shares. TIAA CREF Investment Management LLC raised its stake in shares of RPX Corporation by 6.5% in the first quarter. MA now owns 16,986,585 shares of the computer hardware maker's stock valued at $798,539,000 after buying an additional 152,220 shares during the period. Bremer Association owns 15,072 shares.

Since May 11, 2017, it had 0 insider purchases, and 6 sales for $33.17 million activity. The shares were sold at an average price of $189.24, for a total transaction of $6,339,161.52.

In other news, CFO Colette Kress sold 22,808 shares of NVIDIA Corporation stock in a transaction on Monday, October 9th. Also, EVP Robert H. Heath sold 15,000 shares of RPX Corporation stock in a transaction on Thursday, August 31st. The insider Byron Michael sold $3.50 million.

Myriad Asset Management Ltd increased its stake in Nvidia Corp (NVDA) by 1195.59% based on its latest 2017Q2 regulatory filing with the SEC. Myriad Asset Management Ltd who had been investing in Nvidia Corp for a number of months, seems to be bullish on the $130.64 billion market cap company.

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Nvidia expects a slightly higher revenue for the fourth quarter of $2.65 billion, plus or minus 2 percent.

Morgan Stanley analyst Joseph Moore said he likes the Nvidia growth story, but the stock's rich valuation is keeping him on the sidelines. This trading sentiment put the stock on Active spotlight.

About 39,551 shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since November 10, 2016 and is uptrending. It has outperformed by 38.71% the S&P500.

Levy Harkins & Company Inc decreased Nvidia Inc. It is positive, as 73 investors sold NVDA shares while 262 reduced holdings.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Livetradingnews.com which released: "NVIDIA Corporation (NASDAQ:NVDA) Time to Sell?" on November 10, 2017, also Reuters.com with their article: "Nvidia set to open at record on soaring Volta chip demand" published on November 10, 2017, Fool.com published: "If You Love Artificial Intelligence, You Should Check Out NVIDIA Corporation" on November 10, 2017. Of those, seven rate Nvidia stock as buy, three are neutral and one is at underperform. Therefore 48% are positive. Main Street Rech Ltd Liability Com has invested 0.22% in NVIDIA Corporation (NASDAQ:NVDA). $139.51's average target is -32.05% below currents $205.32 stock price. Summit Redstone started coverage on shares of Nvidia Corp.in a report on Wednesday, August 31st. RBC Capital Markets maintained the shares of NVDA in report on Thursday, February 2 with "Outperform" rating. The firm issued a buy rating and a $109.00 price objective on the computer hardware maker's stock. The rating was maintained by Nomura on Friday, August 11 with "Reduce". The rating was maintained by Roth Capital on Friday, November 6 with "Neutral". Finally, Deutsche Bank AG lifted their target price on NVIDIA Corporation from $145.00 to $190.00 and gave the stock a "hold" rating in a report on Wednesday. The firm has "Buy" rating by Needham given on Friday, August 11.