Amerigo Asset Management Lowers stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Amerigo Asset Management reduced its stake in NVIDIA Corporation by 17.64% during the most recent quarter end. The investment management company now holds a total of 4,442,142 shares of NVIDIA Corporation which is valued at $164,936,732 after selling 951,100 shares in NVIDIA Corporation , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.NVIDIA Corporation makes up approximately 13.88% of Amerigo Asset Management’s portfolio.

NVIDIA Corporation closed down -0.16 points or -0.43% at $36.97 with 76,83,044 shares getting traded on Monday. Post opening the session at $37.06, the shares hit an intraday low of $36.61 and an intraday high of $37.06 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Quotient Investors added NVDA to its portfolio by purchasing 34,118 company shares during the most recent quarter which is valued at $1,266,801. NVIDIA Corporation makes up approx 0.46% of Quotient Investors’s portfolio.1st Global Advisors boosted its stake in NVDA in the latest quarter, The investment management firm added 29,755 additional shares and now holds a total of 38,641 shares of NVIDIA Corporation which is valued at $1,434,740. NVIDIA Corporation makes up approx 0.20% of 1st Global Advisors’s portfolio.Endurance Wealth Management boosted its stake in NVDA in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 2,100 shares of NVIDIA Corporation which is valued at $77,973. NVIDIA Corporation makes up approx 0.02% of Endurance Wealth Management’s portfolio.

On the company’s financial health, NVIDIA Corporation reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Feb 17, 2016. Analyst had a consensus of $0.44. The company had revenue of $1401.00 million for the quarter, compared to analysts expectations of $1310.74 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on NVIDIA Corporation. Company shares were Reiterated by Topeka Capital Markets on Apr 6, 2016 to “Hold”, Firm has raised the Price Target to $ 36 from a previous price target of $32 .NVIDIA Corporation was Downgraded by Stifel to ” Hold” on Apr 6, 2016. Company shares were Reiterated by Deutsche Bank on Apr 6, 2016 to “Hold”, Firm has raised the Price Target to $ 30 from a previous price target of $26 .

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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