Phillip Securities Downgrades NVIDIA (SNSE:NVDACL)

Fintel reports that on November 22, 2024, Phillip Securities downgraded their outlook for NVIDIA (SNSE:NVDACL) from Buy to Accumulate.

What is the Fund Sentiment?

There are 6,619 funds or institutions reporting positions in NVIDIA. This is an increase of 148 owner(s) or 2.29% in the last quarter. Average portfolio weight of all funds dedicated to NVDACL is 3.15%, an increase of 0.66%. Total shares owned by institutions increased in the last three months by 13.77% to 17,756,746K shares.

What are Other Shareholders Doing?

CL:NVDACL / NVIDIA Corporation Shares Held by Institutions

BlackRock holds 1,851,627K shares representing 7.56% ownership of the company. In its prior filing, the firm reported owning 1,839,270K shares , representing an increase of 0.67%. The firm decreased its portfolio allocation in NVDACL by 8.22% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 738,297K shares representing 3.01% ownership of the company. In its prior filing, the firm reported owning 74,656K shares , representing an increase of 89.89%. The firm increased its portfolio allocation in NVDACL by 31.49% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 631,333K shares representing 2.58% ownership of the company. In its prior filing, the firm reported owning 62,245K shares , representing an increase of 90.14%. The firm increased its portfolio allocation in NVDACL by 31.27% over the last quarter.

Geode Capital Management holds 546,079K shares representing 2.23% ownership of the company. In its prior filing, the firm reported owning 534,554K shares , representing an increase of 2.11%. The firm decreased its portfolio allocation in NVDACL by 7.41% over the last quarter.

Price T Rowe Associates holds 407,608K shares representing 1.66% ownership of the company. In its prior filing, the firm reported owning 444,582K shares , representing a decrease of 9.07%. The firm decreased its portfolio allocation in NVDACL by 56.71% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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