Catalyst Capital Advisors adds NVIDIA Corporation (NVDA) to its portfolio

NVIDIA Corporation (NVDA) : Catalyst Capital Advisors added new position in NVIDIA Corporation during the most recent quarter end. The investment management firm now holds 250,000 shares of NVIDIA Corporation which is valued at $10.2 Million , the company said in a statement filed on May 11, 2016 with the SEC.NVIDIA Corporation makes up approximately 1.85% of Catalyst Capital Advisors’s portfolio.

Other Hedge Funds, Including , Amalgamated Bank boosted its stake in NVDA in the latest quarter, The investment management firm added 5,116 additional shares and now holds a total of 19,063 shares of NVIDIA Corporation which is valued at $781,202. NVIDIA Corporation makes up approx 0.08% of Amalgamated Bank’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in NVDA by selling 26,030 shares or 3.71% in the most recent quarter. The Hedge Fund company now holds 675,709 shares of NVDA which is valued at $23.9 Million. NVIDIA Corporation makes up approx 0.09% of State Board Of Administration Of Florida Retirement System’s portfolio.Retirement Systems Of Alabama reduced its stake in NVDA by selling 2,678 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 262,367 shares of NVDA which is valued at $9.3 Million. NVIDIA Corporation makes up approx 0.06% of Retirement Systems Of Alabama’s portfolio. Asset Dedication added NVDA to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $17,765. NVIDIA Corporation makes up approx 0.01% of Asset Dedication’s portfolio.

NVIDIA Corporation opened for trading at $40.67 and hit $42.8 on the upside on Monday, eventually ending the session at $42.19, with a gain of 2.95% or 1.21 points. The heightened volatility saw the trading volume jump to 2,43,25,757 shares. Company has a market cap of $22,867 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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