Voloridge Investment Management LLC Position in Nvidia Corp (NVDA) Has Trimmed as Market Valuation Declined

NVIDIA Corporation (NASDAQ:NVDA) LogoInvestors sentiment decreased to 0.91 in 2018 Q4. Its down 0.45, from 1.36 in 2018Q3. It dropped, as 180 investors sold NVDA shares while 325 reduced holdings. 139 funds opened positions while 320 raised stakes. 402.31 million shares or 8.23% more from 371.72 million shares in 2018Q3 were reported. Altimeter Capital Mgmt LP accumulated 160,000 shares. Moreover, Ims has 0.72% invested in NVIDIA Corporation (NASDAQ:NVDA). Rowland And Company Inv Counsel Adv accumulated 800 shares. Mark Sheptoff Fin Planning Ltd Limited Liability Company has invested 0.04% in NVIDIA Corporation (NASDAQ:NVDA). Richard Bernstein Advisors Ltd reported 28,125 shares. Ipg Inv Ltd Liability Co holds 44,522 shares or 0% of its portfolio. Twin Tree Limited Partnership holds 24,665 shares. Private Tru Comm Na, a Ohio-based fund reported 1,853 shares. Intersect Capital Llc holds 0.42% or 6,531 shares. Massmutual Com Fsb Adv reported 0% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Natixis Limited Partnership owns 0.06% invested in NVIDIA Corporation (NASDAQ:NVDA) for 44,522 shares. Jane Street Grp Lc reported 358,622 shares or 0.1% of all its holdings. Kbc Nv holds 0.45% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 305,541 shares. Chicago Equity Prns Limited Liability Corporation holds 22,370 shares. Greystone Managed, Saskatchewan – Canada-based fund reported 35,701 shares.

Since September 19, 2018, it had 0 buys, and 5 selling transactions for $33.33 million activity. On Wednesday, January 2 Shoquist Debora sold $858,685 worth of NVIDIA Corporation (NASDAQ:NVDA) or 6,345 shares. Puri Ajay K sold $26.28 million worth of NVIDIA Corporation (NASDAQ:NVDA) on Tuesday, October 2. Byron Michael had sold 11,257 shares worth $2.97 million.

Voloridge Investment Management Llc decreased its stake in Nvidia Corp (NVDA) by 54% based on its latest 2018Q4 regulatory filing with the SEC. Voloridge Investment Management Llc sold 355,931 shares as the company’s stock declined 2.06% while stock markets rallied. The institutional investor held 303,200 shares of the semiconductors company at the end of 2018Q4, valued at $40.48 million, down from 659,131 at the end of the previous reported quarter. Voloridge Investment Management Llc who had been investing in Nvidia Corp for a number of months, seems to be less bullish one the $102.91B market cap company. The stock increased 2.57% or $4.25 during the last trading session, reaching $169.81. About 16.54M shares traded. NVIDIA Corporation (NASDAQ:NVDA) has declined 32.48% since March 17, 2018 and is downtrending. It has underperformed by 36.85% the S&P500.

Voloridge Investment Management Llc, which manages about $1.43B and $2.20B US Long portfolio, upped its stake in Raytheon Co (NYSE:RTN) by 61,751 shares to 115,802 shares, valued at $17.76 million in 2018Q4, according to the filing. It also increased its holding in Pg&E Corp (NYSE:PCG) by 302,034 shares in the quarter, for a total of 387,896 shares, and has risen its stake in Vulcan Matls Co (NYSE:VMC).

Analysts await NVIDIA Corporation (NASDAQ:NVDA) to report earnings on May, 9. They expect $0.60 EPS, down 68.09 % or $1.28 from last year’s $1.88 per share. NVDA’s profit will be $363.60 million for 70.75 P/E if the $0.60 EPS becomes a reality. After $0.58 actual EPS reported by NVIDIA Corporation for the previous quarter, Wall Street now forecasts 3.45 % EPS growth.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Benzinga.com which released: “Why This Analyst Sees 25% Upside In NVIDIA (NASDAQ:NVDA) – Benzinga” on February 22, 2019, also Nasdaq.com with their article: “5 Chip Stocks to Watch Next Week – Nasdaq” published on March 16, 2019, Nasdaq.com published: “NVIDIA Outbids Intel & Xilinx to Acquire Mellanox for $6.9B – Nasdaq” on March 12, 2019. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Nasdaq.com and their article: “Stock Market Today: Investors Buy Into Pepsi’s Plans and NVIDIA’s Rosy Forecast – Nasdaq” published on February 15, 2019 as well as Nasdaq.com‘s news article titled: “NVIDIA Announces Upcoming Event for Financial Community – Nasdaq” with publication date: February 15, 2019.

NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage

Among 26 analysts covering NVIDIA (NASDAQ:NVDA), 18 have Buy rating, 1 Sell and 7 Hold. Therefore 69% are positive. NVIDIA had 39 analyst reports since September 25, 2018 according to SRatingsIntel. The company was maintained on Friday, November 16 by Nomura. Bernstein downgraded NVIDIA Corporation (NASDAQ:NVDA) rating on Monday, February 11. Bernstein has “Market Perform” rating and $175 target. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, December 27 report. The rating was maintained by BMO Capital Markets with “Market Perform” on Friday, November 16. The stock has “Buy” rating by Citigroup on Wednesday, March 13. Raymond James maintained NVIDIA Corporation (NASDAQ:NVDA) rating on Friday, November 16. Raymond James has “Outperform” rating and $250 target. The rating was maintained by Mizuho on Friday, November 16 with “Buy”. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, December 12 report. As per Tuesday, January 29, the company rating was upgraded by UBS. Barclays Capital maintained the stock with “Overweight” rating in Friday, November 16 report.

NVIDIA Corporation (NASDAQ:NVDA) Institutional Positions Chart

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