Montecito Bank & Trust Has Trimmed By $864,288 Its Nvidia (NVDA) Stake; Shorts at Synchronoss Technologies (SNCR) Raised By 20.08%

November 20, 2017 - By Vivian Park

Montecito Bank & Trust decreased Nvidia Corp (NVDA) stake by 43.93% reported in 2017Q2 SEC filing. Montecito Bank & Trust sold 6,002 shares as Nvidia Corp (NVDA)’s stock rose 26.83%. The Montecito Bank

& Trust holds 7,662 shares with $1.11M value, down from 13,664 last quarter. Nvidia Corp now has $128.45B valuation. The stock declined 0.04% or $0.08 reaching $214 per share. About 9.84M shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since November 20, 2016 and is uptrending. It has outperformed by 195.58% the S&P500.

Synchronoss Technologies Incorporated (NASDAQ:SNCR) had an increase of 20.08% in short interest. SNCR’s SI was 7.55 million shares in November as released by FINRA. Its up 20.08% from 6.29 million shares previously. With 2.24M avg volume, 3 days are for Synchronoss Technologies Incorporated (NASDAQ:SNCR)’s short sellers to cover SNCR’s short positions. The SI to Synchronoss Technologies Incorporated’s float is 18.89%. The stock increased 7.32% or $0.76 during the last trading session, reaching $11.14. About 913,836 shares traded. Synchronoss Technologies, Inc. (NASDAQ:SNCR) has declined 60.71% since November 20, 2016 and is downtrending. It has underperformed by 77.41% the S&P500.

Montecito Bank & Trust increased Financial Select Sector Spdr (XLF) stake by 15,052 shares to 34,081 valued at $841,000 in 2017Q2. It also upped Spdr Bbg Barc Convertible (CWB) stake by 13,612 shares and now owns 238,364 shares. Spdr Msci Acwi Ex (CWI) was raised too.

Analysts await NVIDIA Corporation (NASDAQ:NVDA) to report earnings on February, 8. They expect $1.01 EPS, up 2.02% or $0.02 from last year’s $0.99 per share. NVDA’s profit will be $606.24M for 52.97 P/E if the $1.01 EPS becomes a reality. After $1.33 actual EPS reported by NVIDIA Corporation for the previous quarter, Wall Street now forecasts -24.06% negative EPS growth.

Since May 18, 2017, it had 0 insider buys, and 2 sales for $17.45 million activity. $9.23 million worth of NVIDIA Corporation (NASDAQ:NVDA) was sold by Shoquist Debora on Tuesday, May 30. 25,507 shares valued at $3.50 million were sold by Byron Michael on Friday, May 19. On Wednesday, May 24 the insider SEAWELL A BROOKE sold $434,980. The insider Drell Persis sold 2,500 shares worth $325,048. Another trade for 81,931 shares valued at $11.46M was sold by Puri Ajay K. COXE TENCH had sold 50,000 shares worth $8.23M.

Investors sentiment increased to 1.21 in Q2 2017. Its up 0.21, from 1 in 2017Q1. It improved, as 73 investors sold NVDA shares while 262 reduced holdings. 131 funds opened positions while 273 raised stakes. 388.29 million shares or 4.10% less from 404.87 million shares in 2017Q1 were reported. Tower Bridge stated it has 0% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Gulf International Natl Bank (Uk) Ltd holds 0.35% or 168,605 shares. 5,221 are held by Provise Mngmt Group Inc Ltd. Viking Fund Mgmt Limited Liability Corp stated it has 0.07% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Cetera Advsr Ltd Llc owns 23,226 shares for 0.21% of their portfolio. Cleararc Incorporated holds 0.34% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 14,614 shares. Atria Ltd holds 0.09% or 10,093 shares in its portfolio. 1,612 are held by Signaturefd Limited Liability Corp. Douglass Winthrop Advisors Ltd Company owns 0.01% invested in NVIDIA Corporation (NASDAQ:NVDA) for 1,426 shares. National Bank Hapoalim Bm reported 0.07% in NVIDIA Corporation (NASDAQ:NVDA). Advsr Asset Mngmt Incorporated invested 0.04% in NVIDIA Corporation (NASDAQ:NVDA). Barrett Asset Limited Liability owns 250 shares. Financial Architects accumulated 2,905 shares. Cim Mangement holds 0.31% or 5,965 shares in its portfolio. Altfest L J And has 0.17% invested in NVIDIA Corporation (NASDAQ:NVDA).

Among 44 analysts covering Nvidia Corporation (NASDAQ:NVDA), 25 have Buy rating, 4 Sell and 15 Hold. Therefore 57% are positive. Nvidia Corporation had 170 analyst reports since August 3, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Underweight” rating and $54 target in Friday, August 12 report. Oppenheimer maintained NVIDIA Corporation (NASDAQ:NVDA) on Thursday, August 10 with “Hold” rating. The firm earned “Neutral” rating on Tuesday, September 20 by Suntrust Robinson. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Buy” rating given on Friday, August 11 by Loop Capital Markets. The firm has “Hold” rating by Deutsche Bank given on Wednesday, April 6. Wells Fargo downgraded the shares of NVDA in report on Friday, July 15 to “Underperform” rating. Oppenheimer maintained the stock with “Hold” rating in Wednesday, June 14 report. The firm has “Hold” rating by Nomura given on Friday, November 10. Mizuho maintained NVIDIA Corporation (NASDAQ:NVDA) on Monday, October 16 with “Buy” rating. Stifel Nicolaus maintained the shares of NVDA in report on Thursday, August 10 with “Hold” rating.

Synchronoss Technologies, Inc. is a global software and services company, which provides technologies and services for the mobile transformation of business. The company has market cap of $516.59 million. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions. It currently has negative earnings. The Company’s products and platforms are designed to enable multiple converged communication services to be managed across a range of distribution channels, including e-commerce, m-commerce, telesales, customer stores, indirect and other retail outlets.

Among 8 analysts covering Synchronoss Technologies Inc. (NASDAQ:SNCR), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Synchronoss Technologies Inc. had 16 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was initiated by JP Morgan on Wednesday, January 25 with “Overweight”. The company was downgraded on Wednesday, June 14 by Drexel Hamilton. The rating was downgraded by Stifel Nicolaus to “Hold” on Thursday, February 4. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, September 19. The stock of Synchronoss Technologies, Inc. (NASDAQ:SNCR) has “Overweight” rating given on Wednesday, August 10 by Stephens. The firm earned “Hold” rating on Friday, June 23 by Stifel Nicolaus. The stock of Synchronoss Technologies, Inc. (NASDAQ:SNCR) has “Strong Buy” rating given on Thursday, October 29 by Raymond James. The firm has “Underperform” rating given on Monday, May 22 by Credit Suisse. On Wednesday, June 1 the stock rating was initiated by Drexel Hamilton with “Buy”. Stifel Nicolaus maintained Synchronoss Technologies, Inc. (NASDAQ:SNCR) on Wednesday, October 18 with “Hold” rating.


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