Montecito Bank & Trust Sells 746 Shares of NVIDIA Corporation (NVDA)

Alicia Cross
November 11, 2017

Finally, Hanson McClain Inc. lifted its holdings in shares of NVIDIA Corporation by 12.7% during the second quarter. The stock of American Airlines Group Inc (NASDAQ:AAL) has "Overweight" rating given on Friday, September 22 by Barclays Capital. They now have an underweight rating on the business services provider's stock.

A number of research firms recently commented on NVDA. Topeka Capital Markets maintained it with "Buy" rating and $40 target in Friday, July 31 report. WESPAC Advisors SoCal LLC's holdings in NVIDIA Corporation were worth $1,491,000 at the end of the most recent reporting period. The firm has "Buy" rating by Needham given on Friday, August 11. Canaccord Genuity reiterated a buy rating and set a $70.00 price objective on shares of Nvidia a report on Monday, August 29th. 4 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Buckingham Research maintained it with "Buy" rating and $65 target in Friday, October 27 report.

Several other research analysts have also weighed in on NVDA. This is a boost from NVIDIA Corporation's previous quarterly dividend of $0.14. Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is 2.06% and standing 10.27% away from 50-Day Simple Moving Average while traded up 42.10% from 200-Day Simple Moving Average. The firm has a market capitalization of $631.46, a PE ratio of 26.02 and a beta of 1.41. Moreover, Raymond James has 0.19% invested in NVIDIA Corporation (NASDAQ:NVDA).

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 9th.

Chip maker Nvidia said this week that it will remain "nimble" in its approach to cryptocurrencies, even as it reports a quarter-over-quarter decline in revenue for related products. The business services provider reported $0.22 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.17 by $0.05. The firm's revenue was up 31.5% compared to the same quarter a year ago. A year prior, the company posted non-GAAP earnings of 83 cents per share on revenue of $2 billion. This compares to the consensus estimates from Thomson Reuters that called for $0.94 in EPS and $2.36 billion in revenue.

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If we look at the Volatility of NVIDIA Corporation (NVDA), Week Volatility is 1.97%, whereas Month Volatility is at 2.07%. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of USA and worldwide copyright & trademark law. The correct version of this piece of content can be read at nvidia-corp-nvda-coverage-initiated-by-analysts-at-loop-capital/1229324/.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Wells Fargo Mn accumulated 0% or 300 shares. This represents a $0.60 annualized dividend and a yield of 0.29%. Nvidia Corp.'s dividend payout ratio is 29.32%. The institutional investor owned 6,916 shares of the computer hardware maker's stock after selling 746 shares during the quarter. About 24.73M shares traded or 90.67% up from the average. Following the completion of the sale, the insider now directly owns 136,199 shares in the company, valued at $23,291,390.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The stock was sold at an average price of $166.08, for a total transaction of $18,268,800.00. Ray Gerald L And Associates Limited owns 28,120 shares. The disclosure for this sale can be found here. The stock rose 5.57% or $11.43 reaching $216.75. 131 funds opened positions while 273 raised stakes. Inc. boosted its position in shares of NVIDIA Corporation by 0.7% during the 2nd quarter. The Essex Financial Services Inc holds 6,525 shares with $943,000 value, up from 3,625 last quarter. Massachusetts Financial Services Co.

Myriad Asset Management Ltd increased its stake in Nvidia Corp (NVDA) by 1195.59% based on its latest 2017Q2 regulatory filing with the SEC. Royal Bancorporation Of Canada has 2 shares. During the same quarter last year, the business posted $0.94 earnings per share. research analysts anticipate that NVIDIA Corporation will post 3.61 earnings per share for the current fiscal year. Institutional investors own 88.79% of the company's stock. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker's stock valued at $110,000 after purchasing an additional 206 shares during the last quarter.

Rockland Trust Co holds 3.11% of its portfolio in Independent Bank Corp for 501,698 shares.

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