NVIDIA Corporation (NVDA) : David R. Rahn Associates added new position in NVIDIA Corporation during the most recent quarter end. The investment management firm now holds 39,811 shares of NVIDIA Corporation which is valued at $1,406,523 , the company said in a statement filed on May 2, 2016 with the SEC.NVIDIA Corporation makes up approximately 1.13% of David R. Rahn Associates’s portfolio.
NVIDIA Corporation opened for trading at $34.91 and hit $35.425 on the upside on Friday, eventually ending the session at $35.33, with a gain of 1.03% or 0.36 points. The heightened volatility saw the trading volume jump to 45,81,000 shares. Company has a market cap of $19,149 M.
Other Hedge Funds, Including , Wedge Capital Management L L Pnc reduced its stake in NVDA by selling 194,398 shares or 15.68% in the most recent quarter. The Hedge Fund company now holds 1,045,352 shares of NVDA which is valued at $36,932,286. NVIDIA Corporation makes up approx 0.38% of Wedge Capital Management L L Pnc’s portfolio.Nisa Investment Advisors L.l.c. boosted its stake in NVDA in the latest quarter, The investment management firm added 1,700 additional shares and now holds a total of 137,401 shares of NVIDIA Corporation which is valued at $4,881,858. NVIDIA Corporation makes up approx 0.07% of Nisa Investment Advisors L.l.c.’s portfolio.Candriam Luxembourg S.c.a. reduced its stake in NVDA by selling 76,614 shares or 11.72% in the most recent quarter. The Hedge Fund company now holds 576,885 shares of NVDA which is valued at $20,496,724. NVIDIA Corporation makes up approx 0.51% of Candriam Luxembourg S.c.a.’s portfolio.Umb Bank N Amo reduced its stake in NVDA by selling 185 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 75,498 shares of NVDA which is valued at $2,738,312. NVIDIA Corporation makes up approx 0.12% of Umb Bank N Amo’s portfolio.
On the company’s financial health, NVIDIA Corporation 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 Corporation. 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 Corporation 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.