Ardevora Asset Management Llp buys $32.4 Million stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Ardevora Asset Management Llp scooped up 141,400 additional shares in NVIDIA Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 790,000 shares of NVIDIA Corporation which is valued at $32.4 Million.NVIDIA Corporation makes up approximately 1.57% of Ardevora Asset Management Llp’s portfolio.

Other Hedge Funds, Including , Argent Capital Management added NVDA to its portfolio by purchasing 9,135 company shares during the most recent quarter which is valued at $374,352. NVIDIA Corporation makes up approx 0.02% of Argent Capital Management’s portfolio.Comerica Bank boosted its stake in NVDA in the latest quarter, The investment management firm added 11,907 additional shares and now holds a total of 140,174 shares of NVIDIA Corporation which is valued at $5.7 Million. NVIDIA Corporation makes up approx 0.05% of Comerica Bank’s portfolio.Teacher Retirement System Of Texas boosted its stake in NVDA in the latest quarter, The investment management firm added 37,014 additional shares and now holds a total of 161,159 shares of NVIDIA Corporation which is valued at $6.6 Million. NVIDIA Corporation makes up approx 0.04% of Teacher Retirement System Of Texas’s portfolio.Orinda Asset Management boosted its stake in NVDA in the latest quarter, The investment management firm added 5,198 additional shares and now holds a total of 11,072 shares of NVIDIA Corporation which is valued at $391,174. NVIDIA Corporation makes up approx 0.68% of Orinda Asset Management’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.

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