Usa Financial Portformulas Corp buys $16.6 Million stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Usa Financial Portformulas Corp scooped up 41,388 additional shares in NVIDIA Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 406,152 shares of NVIDIA Corporation which is valued at $16.6 Million.NVIDIA Corporation makes up approximately 5.32% of Usa Financial Portformulas Corp’s portfolio.

Other Hedge Funds, Including , Friess Associates boosted its stake in NVDA in the latest quarter, The investment management firm added 312,562 additional shares and now holds a total of 545,062 shares of NVIDIA Corporation which is valued at $22.3 Million. NVIDIA Corporation makes up approx 2.25% of Friess Associates’s portfolio.Thompson Siegel Walmsley reduced its stake in NVDA by selling 516,602 shares or 73.71% in the most recent quarter. The Hedge Fund company now holds 184,225 shares of NVDA which is valued at $7.5 Million. NVIDIA Corporation makes up approx 0.13% of Thompson Siegel Walmsley’s portfolio. Financial Architects Inc added NVDA to its portfolio by purchasing 1,257 company shares during the most recent quarter which is valued at $51,512. NVIDIA Corporation makes up approx 0.02% of Financial Architects Inc’s portfolio.Rhumbline Advisers boosted its stake in NVDA in the latest quarter, The investment management firm added 33,891 additional shares and now holds a total of 733,523 shares of NVIDIA Corporation which is valued at $25.9 Million. NVIDIA Corporation makes up approx 0.08% of Rhumbline Advisers’s portfolio.Ohio National Investments boosted its stake in NVDA in the latest quarter, The investment management firm added 575 additional shares and now holds a total of 25,337 shares of NVIDIA Corporation which is valued at $900,224. NVIDIA Corporation makes up approx 0.17% of Ohio National Investments’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.

Leave a Reply

NVIDIA Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on NVIDIA Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.