Guinness Atkinson Asset Management INC Lowered Nvidia Corp (NVDA) Position by $5.03 Million; Stock Price Rose

July 18, 2017 - By Adrian Mccoy

Investors sentiment decreased to 0.81 in Q4 2016. Its down 0.31, from 1.12 in 2016Q3. It fall, as 69 investors sold NVDA shares while 306 reduced holdings. 121 funds opened positions while 183 raised stakes. 423.47 million shares or 3.26% less from 437.73 million shares in 2016Q3 were reported. 23,830 were reported by Bremer Trust Natl Association. Thompson Rubinstein Inv Management Incorporated Or holds 3,000 shares or 0.12% of its portfolio. Gateway Investment Advisers Ltd Liability Co, a Ohio-based fund reported 378,278 shares. Nelson Van Denburg & Campbell Wealth Management Grp Incorporated Limited holds 0.01% or 250 shares in its portfolio. Appleton Ma holds 0.1% in NVIDIA Corporation (NASDAQ:NVDA) or 4,425 shares. Egerton Cap (Uk) Ltd Liability Partnership has 1.05% invested in NVIDIA Corporation (NASDAQ:NVDA). Neumann Capital Limited Liability Corp has 1.72% invested in NVIDIA Corporation (NASDAQ:NVDA) for 25,035 shares. Nationwide Fund Advsr holds 0.18% or 412,476 shares in its portfolio. Gradient Investments Ltd reported 0% stake. Atlanta holds 0.74% or 32,740 shares in its portfolio. M&T Fincl Bank invested in 35,217 shares. Trustmark Savings Bank Trust Department has invested 0.33% in NVIDIA Corporation (NASDAQ:NVDA). State Of Tennessee Treasury Department has invested 0.12% in NVIDIA Corporation (NASDAQ:NVDA). Parus (Uk) Ltd reported 78,400 shares. Sei owns 537,250 shares or 0.28% of their US portfolio.

Since February 10, 2017, it had 0 buys, and 13 sales for $72.29 million activity. $4.77 million worth of stock was sold by HUANG JEN HSUN on Friday, February 10. The insider Shoquist Debora sold $9.23 million. 133,542 shares valued at $14.49 million were sold by Puri Ajay K on Thursday, March 30. 32,820 NVIDIA Corporation (NASDAQ:NVDA) shares with value of $3.58 million were sold by SEAWELL A BROOKE. COXE TENCH had sold 50,000 shares worth $8.23 million. 750 shares were sold by Byron Michael, worth $76,565. Kress Colette sold $5.63M worth of NVIDIA Corporation (NASDAQ:NVDA) on Friday, March 17.

Guinness Atkinson Asset Management Inc decreased its stake in Nvidia Corp (NVDA) by 48.65% based on its latest 2016Q4 regulatory filing with the SEC. Guinness Atkinson Asset Management Inc sold 47,450 shares as the company’s stock rose 26.83% with the market. The institutional investor held 50,085 shares of the semiconductors company at the end of 2016Q4, valued at $5.35M, down from 97,535 at the end of the previous reported quarter. Guinness Atkinson Asset Management Inc who had been investing in Nvidia Corp for a number of months, seems to be less bullish one the $97.31B market cap company. The stock declined 0.72% or $1.18 reaching $163.07 per share. About 128,489 shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since July 18, 2016 and is uptrending. It has outperformed by 195.58% the S&P500.

Guinness Atkinson Asset Management Inc, which manages about $379.79 million and $147.51 million US Long portfolio, upped its stake in Intercontinental Exchange In (NYSE:ICE) by 78,920 shares to 98,650 shares, valued at $5.57M in 2016Q4, according to the filing.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Fool.com which released: “Why NVIDIA Corporation Skyrocketed 38.4% in May” on June 19, 2017, also Investorplace.com with their article: “Monday’s Vital Data: Nvidia Corporation (NVDA), Microsoft Corporation (MSFT …” published on July 17, 2017, Seekingalpha.com published: “Nvidia’s Boom: Hype Or Substance? A Little Of Both” on July 12, 2017. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Investorplace.com and their article: “Should You Chase Nvidia Corporation (NVDA) Stock Here?” published on July 12, 2017 as well as Fool.com‘s news article titled: “5 Reasons NVIDIA Corporation Stock Could Fall” with publication date: July 01, 2017.

NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage

Among 41 analysts covering Nvidia Corporation (NASDAQ:NVDA), 22 have Buy rating, 4 Sell and 15 Hold. Therefore 54% are positive. Nvidia Corporation had 125 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Buy” rating by M Partners on Tuesday, November 22. The stock has “Hold” rating by KeyBanc Capital Markets on Tuesday, June 20. The stock has “Buy” rating by Citigroup on Wednesday, November 2. The rating was maintained by UBS with “Buy” on Friday, January 6. RBC Capital Markets maintained the shares of NVDA in report on Tuesday, November 8 with “Outperform” rating. Raymond James maintained the stock with “Outperform” rating in Friday, June 16 report. The firm earned “Neutral” rating on Tuesday, September 20 by Susquehanna. Goldman Sachs initiated NVIDIA Corporation (NASDAQ:NVDA) rating on Thursday, June 2. Goldman Sachs has “Buy” rating and $54 target. The stock has “Outperform” rating by Wedbush on Friday, February 12. As per Tuesday, November 3, the company rating was downgraded by Needham.

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