NVIDIA Corporation (NVDA) : Thrivent Financial For Lutherans reduced its stake in NVIDIA Corporation by 1.34% during the most recent quarter end. The investment management company now holds a total of 5,852,970 shares of NVIDIA Corporation which is valued at $239.9 Million after selling 79,480 shares in NVIDIA Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.NVIDIA Corporation makes up approximately 1.20% of Thrivent Financial For Lutherans’s portfolio.
Other Hedge Funds, Including , First Allied Advisory Services sold out all of its stake in NVDA during the most recent quarter. The investment firm sold 8,061 shares of NVDA which is valued $330,340.Norinchukin Bank The reduced its stake in NVDA by selling 53,405 shares or 67.06% in the most recent quarter. The Hedge Fund company now holds 26,230 shares of NVDA which is valued at $1.1 Million. NVIDIA Corporation makes up approx 0.03% of Norinchukin Bank The’s portfolio.Cookson Peirce Co Inc boosted its stake in NVDA in the latest quarter, The investment management firm added 396,353 additional shares and now holds a total of 413,718 shares of NVIDIA Corporation which is valued at $14.6 Million. NVIDIA Corporation makes up approx 2.31% of Cookson Peirce Co Inc’s portfolio. Monetta Financial Services Inc sold out all of its stake in NVDA during the most recent quarter. The investment firm sold 52,000 shares of NVDA which is valued $1.8 Million.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 $20.5 Million. NVIDIA Corporation makes up approx 0.51% of Candriam Luxembourg S.c.a.’s portfolio.
NVIDIA Corporation opened for trading at $43.82 and hit $44.51 on the upside on Friday, eventually ending the session at $44.33, with a gain of 1.79% or 0.78 points. The heightened volatility saw the trading volume jump to 97,77,090 shares. Company has a market cap of $24,139,857 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.