Massachusetts Financial Services Company increased its stake in Nvidia Corp (NASDAQ:NVDA) by 16.91% based on its latest Q3 2015 regulatory filing with the SEC. Massachusetts Financial Services Company bought 2.77 million shares as the company’s stock rose 20.83% while stock markets declined. The institutional investor held 19.11M shares of the semiconductors company at the end of Q3, valued at $471.11 million, up from 16.35 million at the end of the previous reported quarter. Massachusetts Financial Services Company who had been investing in Nvidia Corp since many months, is probably bullish the $17.48B market cap company. The stock decreased 1.49% or $0.49 on December 11, hitting $32.49. About 5.68 million shares traded hands. NVIDIA Corporation (NASDAQ:NVDA) has risen 57.49% since May 11, 2015 and is uptrending. It has outperformed by 61.90% the S&P500.
Massachusetts Financial Services Company, which manages about $178.99 billion US Long portfolio, decreased its stake in Goldman Sachs Group Inc (NYSE:GS) by 288,390 shares to 12.10 million shares, valued at $2.10 billion in Q3, according to the filing. It also reduced its holding in Frontier Communications Corp (NASDAQ:FTR) by 7.75 million shares in the quarter, leaving it with 7.62M shares, and cut its stake in Comcast Corp New (NASDAQ:CMCSK).
Massachusetts Financial Services Company is a Massachusetts-based institutional investor with more than $269.00 billion AUM in January, 2015. Massachusetts Financial Services Company is the 10th largest institutional investor in our database. Taken from Massachusetts Financial Services latest Adv, the fund reported to have 1000 full and part-time employees. Among which 229 performing investment advisory and research functions. The institutional investor had more than 300 clients.
The institutional sentiment increased to 0.98 in 2015 Q3. Its up 0.21, from 0.77 in 2015Q2. The ratio increased, as 48 funds sold all NVDA shares owned while 188 reduced positions. 74 funds bought stakes while 157 increased positions. They now own 385.00 million shares or 12.87% less from 441.84 million shares in 2015Q2.
Fairpointe Capital Llc holds 2.21% of its portfolio in NVDA for 5.26 million shares. Boyer & Corporon Wealth Management Llc owns 170,678 shares or 2.07% of their US portfolio. Moreover, Mastrapasqua Asset Management Inc has 1.95% invested in the company for 299,336 shares. The California-based Taylor Frigon Capital Management Llc has invested 1.92% in the stock. Lorem Ipsum Management Llc, a New York-based fund reported 160,000 shares.
Since March 5, 2015, the stock had 0 insider buys, and 6 selling transactions for $8.52 million net activity. Byron Michael sold 50,000 shares worth $1.25 million. Huang Jen Hsun sold 170,000 shares worth $3.96 million. Shoquist Debora sold 29,903 shares worth $712,197. Seawell A Brooke sold 106,104 shares worth $2.47M. The insider Shannon David M sold 2,500 shares worth $52,689.
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Out of 26 analysts covering Nvidia Corporation (NASDAQ:NVDA), 11 rate it “Buy”, 2 “Sell”, while 18 “Hold”. This means 35% are positive. Nvidia Corporation was the topic in 42 analyst reports since August 3, 2015 according to StockzIntelligence Inc.
More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Zacks.com which released: “Why NVIDIA Corp (NVDA) is Poised to Beat Earnings Estimates Again” on December 10, 2015, also Fool.com with their article: “Checking in on NVIDIA Corporation’s Tegra Business” published on November 30, 2015, Investorplace.com published: “Nvidia Corporation: Buy NVDA Stock With Even More Bang for Your Buck” on December 01, 2015. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Fool.com and their article: “NVIDIA Corporation’s Got Game: Leverage Leads to Earnings Growth” published on November 09, 2015 as well as Fool.com‘s news article titled: “3 Things NVIDIA Corporation Management Wants You to Know” with publication date: November 16, 2015.
NVIDIA Corporation is engaged in visual computing, enabling individuals to interact with digital ideas, data and entertainment. The company has a market cap of $17.48 billion. The Firm is engaged in creating NVIDIA-branded services and products, offering its processors to original equipment manufacturers (OEMs), and licensing its intellectual property. It has 30.48 P/E ratio. NVIDIA-branded services and products are visual computing platforms that address four markets: Gaming, Enterprise, High Performance Computing & Cloud, and Automotive.
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