Indus Capital Partners adds NVIDIA Corporation (NVDA) to its portfolio

NVIDIA Corporation (NVDA) : Indus Capital Partners added new position in NVIDIA Corporation during the most recent quarter end. The investment management firm now holds 200,000 shares of NVIDIA Corporation which is valued at $8.2 Million , the company said in a statement filed on May 13, 2016 with the SEC.NVIDIA Corporation makes up approximately 1.18% of Indus Capital Partners’s portfolio.

Other Hedge Funds, Including , Dekabank Deutsche Girozentrale reduced its stake in NVDA by selling 30,250 shares or 40.19% in the most recent quarter. The Hedge Fund company now holds 45,015 shares of NVDA which is valued at $1.8 Million. NVIDIA Corporation makes up approx 0.02% of Dekabank Deutsche Girozentrale’s portfolio. Hap Trading sold out all of its stake in NVDA during the most recent quarter. The investment firm sold 10,194 shares of NVDA which is valued $417,750.Primecap Management Coca boosted its stake in NVDA in the latest quarter, The investment management firm added 143,175 additional shares and now holds a total of 29,210,850 shares of NVIDIA Corporation which is valued at $1,197.1 Million. NVIDIA Corporation makes up approx 1.34% of Primecap Management Coca’s portfolio.Formidable Asset Management reduced its stake in NVDA by selling 250 shares or 13.07% in the most recent quarter. The Hedge Fund company now holds 1,663 shares of NVDA which is valued at $68,150. NVIDIA Corporation makes up approx 0.05% of Formidable Asset Management’s portfolio.

NVIDIA Corporation closed down -0.19 points or -0.42% at $45.17 with 1,14,69,011 shares getting traded on Wednesday. Post opening the session at $45.5, the shares hit an intraday low of $44.81 and an intraday high of $45.69 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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