Kalos Management Lowers stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Kalos Management reduced its stake in NVIDIA Corporation by 23.53% during the most recent quarter end. The investment management company now holds a total of 55,383 shares of NVIDIA Corporation which is valued at $3,111,971 after selling 17,044 shares in NVIDIA Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.NVIDIA Corporation makes up approximately 2.34% of Kalos Management’s portfolio.

Other Hedge Funds, Including , Shelton Capital Management boosted its stake in NVDA in the latest quarter, The investment management firm added 8,799 additional shares and now holds a total of 48,630 shares of NVIDIA Corporation which is valued at $2,732,520. NVIDIA Corporation makes up approx 0.24% of Shelton Capital Management’s portfolio.Meeder Asset Management Inc reduced its stake in NVDA by selling 3,846 shares or 6.4% in the most recent quarter. The Hedge Fund company now holds 56,235 shares of NVDA which is valued at $3,074,367. NVIDIA Corporation makes up approx 0.28% of Meeder Asset Management Inc’s portfolio.Kwmg reduced its stake in NVDA by selling 9,827 shares or 28.69% in the most recent quarter. The Hedge Fund company now holds 24,431 shares of NVDA which is valued at $1,335,643. NVIDIA Corporation makes up approx 0.70% of Kwmg’s portfolio.Acadian Asset Management boosted its stake in NVDA in the latest quarter, The investment management firm added 9,842 additional shares and now holds a total of 17,360 shares of NVIDIA Corporation which is valued at $941,259. Hollencrest Securities added NVDA to its portfolio by purchasing 5,211 company shares during the most recent quarter which is valued at $264,979. NVIDIA Corporation makes up approx 0.04% of Hollencrest Securities’s portfolio.

NVIDIA Corporation opened for trading at $56.46 and hit $57.49 on the upside on Thursday, eventually ending the session at $57.23, with a gain of 1.85% or 1.04 points. The heightened volatility saw the trading volume jump to 68,17,803 shares. Company has a market cap of $30,561 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. NVIDIA Corporation was Downgraded by Wells Fargo to ” Underperform” on Jul 15, 2016. Mizuho Initiated NVIDIA Corporation on Jul 15, 2016 to “Buy”, Price Target of the shares are set at $60.Company shares were Reiterated by RBC Capital Mkts on Jun 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 47 from a previous price target of $40 .

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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