Hugh Johnson Advisors Lowers stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Hugh Johnson Advisors reduced its stake in NVIDIA Corporation by 0.01% during the most recent quarter end. The investment management company now holds a total of 222,408 shares of NVIDIA Corporation which is valued at $9,114,280 after selling 16 shares in NVIDIA Corporation , the firm said in a disclosure report filed with the SEC on May 10, 2016.NVIDIA Corporation makes up approximately 3.62% of Hugh Johnson Advisors’s portfolio.

Other Hedge Funds, Including , Blackrock Japan Ltd reduced its stake in NVDA by selling 85,456 shares or 10.25% in the most recent quarter. The Hedge Fund company now holds 748,616 shares of NVDA which is valued at $30,678,284. NVIDIA Corporation makes up approx 0.12% of Blackrock Japan Ltd’s portfolio.Patton Albertson Miller Group reduced its stake in NVDA by selling 3,486 shares or 3.25% in the most recent quarter. The Hedge Fund company now holds 103,705 shares of NVDA which is valued at $3,663,898. NVIDIA Corporation makes up approx 1.86% of Patton Albertson Miller Group’s portfolio.Alambic Investment Management boosted its stake in NVDA in the latest quarter, The investment management firm added 16,200 additional shares and now holds a total of 22,425 shares of NVIDIA Corporation which is valued at $792,275. NVIDIA Corporation makes up approx 0.26% of Alambic Investment Management’s portfolio.Russell Frank Co boosted its stake in NVDA in the latest quarter, The investment management firm added 457,374 additional shares and now holds a total of 732,139 shares of NVIDIA Corporation which is valued at $26,012,899. NVIDIA Corporation makes up approx 0.05% of Russell Frank Co’s portfolio.

NVIDIA Corporation opened for trading at $40.67 and hit $42.8 on the upside on Monday, eventually ending the session at $42.19, with a gain of 2.95% or 1.21 points. The heightened volatility saw the trading volume jump to 2,43,25,757 shares. Company has a market cap of $22,867 M.

On the company’s financial health, NVIDIA Corporation reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 12, 2016. Analyst had a consensus of $0.41. The company had revenue of $1305.00 million for the quarter, compared to analysts expectations of $1264.72 million. The company’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on NVIDIA Corporation. Company shares were Reiterated by RBC Capital Mkts on May 13, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 40 from a previous price target of $36 .Company shares were Reiterated by Wedbush on May 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 42 from a previous price target of $38 .NVIDIA Corporation was Upgraded by ROTH Capital to ” Buy” on May 13, 2016.

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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