C M Bidwell Associates Ltd buys $9.6 Million stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : C M Bidwell Associates Ltd scooped up 207,030 additional shares in NVIDIA Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 234,265 shares of NVIDIA Corporation which is valued at $9.6 Million.NVIDIA Corporation makes up approximately 2.40% of C M Bidwell Associates Ltd’s portfolio.

Other Hedge Funds, Including , Egerton Capital (uk) Llp added NVDA to its portfolio by purchasing 3,134,300 company shares during the most recent quarter which is valued at $128.4 Million. NVIDIA Corporation makes up approx 1.22% of Egerton Capital (uk) Llp’s portfolio.Hugh Johnson Advisors reduced its stake in NVDA by selling 16 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 222,408 shares of NVDA which is valued at $9.1 Million. NVIDIA Corporation makes up approx 3.62% of Hugh Johnson Advisors’s portfolio.First Trust Advisors Lp reduced its stake in NVDA by selling 242,924 shares or 20.17% in the most recent quarter. The Hedge Fund company now holds 961,640 shares of NVDA which is valued at $39.4 Million. NVIDIA Corporation makes up approx 0.13% of First Trust Advisors Lp’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 $4.9 Million. NVIDIA Corporation makes up approx 0.07% of Nisa Investment Advisors L.l.c.’s portfolio. New Jersey Better Educational Savings Trust added NVDA to its portfolio by purchasing 16,000 company shares during the most recent quarter which is valued at $568,480. NVIDIA Corporation makes up approx 0.39% of New Jersey Better Educational Savings Trust’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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