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On May 25, 2023, Wells Fargo maintained an Overweight rating for NVIDIA (NASDAQ:NVDA), projecting a 3.51% downside based on an average one-year price target of $294.65, down from the latest closing price of $305.38.
NVIDIA’s projected annual revenue is $30,001 million, showing an increase of 11.22%. As of now, there are 4,850 institutional funds reporting positions in NVIDIA, an increase of 346 owners (7.68%) from the previous quarter. The total shares owned by institutions decreased by 0.14% to 1,781,260K shares.
The overall market sentiment appears bearish, with a put/call ratio of 1.08. Major institutional holders include Vanguard Total Stock Market Index Fund (71,043K shares) and Vanguard 500 Index Fund (57,562K shares), both of which increased their stakes over the last quarter.
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