Meritage Portfolio Management Lowers stake in NVIDIA CORP COM (NVDA)

NVIDIA CORP COM (NVDA) : Meritage Portfolio Management reduced its stake in NVIDIA CORP COM by 1.13% during the most recent quarter end. The investment management company now holds a total of 356,779 shares of NVIDIA CORP COM which is valued at $12,940,374 after selling 4,085 shares in NVIDIA CORP COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.NVIDIA CORP COM makes up approximately 1.45% of Meritage Portfolio Management’s portfolio.

NVIDIA CORP COM opened for trading at $36.39 and hit $37.33 on the upside on Wednesday, eventually ending the session at $37.31, with a gain of 2.28% or 0.83 points. The heightened volatility saw the trading volume jump to 88,09,858 shares. Company has a market cap of $20,222 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in NVDA during the most recent quarter. The investment firm sold 1,981,856 shares of NVDA which is valued $71,881,917.Next Financial Group Inc boosted its stake in NVDA in the latest quarter, The investment management firm added 5,847 additional shares and now holds a total of 24,402 shares of NVIDIA CORP COM which is valued at $885,061. NVIDIA CORP COM makes up approx 0.31% of Next Financial Group Inc’s portfolio.Acadian Asset Management reduced its stake in NVDA by selling 323,442 shares or 97.73% in the most recent quarter. The Hedge Fund company now holds 7,518 shares of NVDA which is valued at $279,143.

On the company’s financial health, NVIDIA CORP COM reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Feb 17, 2016. Analyst had a consensus of $0.44. The company had revenue of $1401.00 million for the quarter, compared to analysts expectations of $1310.74 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on NVIDIA CORP COM. Company shares were Reiterated by Topeka Capital Markets on Apr 6, 2016 to “Hold”, Firm has raised the Price Target to $ 36 from a previous price target of $32 .NVIDIA CORP COM was Downgraded by Stifel to ” Hold” on Apr 6, 2016. Company shares were Reiterated by Deutsche Bank on Apr 6, 2016 to “Hold”, Firm has raised the Price Target to $ 30 from a previous price target of $26 .

NVIDIA Corporation (NVIDIA) is engaged in visual computing enabling individuals to interact with digital ideas data and entertainment. The Company is engaged in creating NVIDIA-branded products and services offering its processors to original equipment manufacturers (OEMs) and licensing its intellectual property. NVIDIA-branded products and services are visual computing platforms that address four markets: Gaming Enterprise High Performance Computing & Cloud and Automotive. The Company operates in two segments: Graphics Processing Unit (GPU) and Tegra Processor. The Company’s GPU product brands include GeForce for gamers; Quadro for designers; Tesla for researchers learning and big-data analysts; and GRID for cloud-based visual computing users. The Company’s Tegra processors are primarily designed to enable its branded platforms: DRIVE and SHIELD.

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