Friess Associates buys $22.3 Million stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Friess Associates scooped up 312,562 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 545,062 shares of NVIDIA Corporation which is valued at $22.3 Million.NVIDIA Corporation makes up approximately 2.25% of Friess Associates’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in NVDA in the latest quarter, The investment management firm added 1,760,737 additional shares and now holds a total of 47,086,544 shares of NVIDIA Corporation which is valued at $1,929.6 Million. NVIDIA Corporation makes up approx 0.13% of Vanguard Group Inc’s portfolio.Signaturefd boosted its stake in NVDA in the latest quarter, The investment management firm added 79 additional shares and now holds a total of 178 shares of NVIDIA Corporation which is valued at $7,294.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.Pioneer Investment Management Inc boosted its stake in NVDA in the latest quarter, The investment management firm added 106,510 additional shares and now holds a total of 1,991,700 shares of NVIDIA Corporation which is valued at $81.6 Million. NVIDIA Corporation makes up approx 0.31% of Pioneer Investment Management Inc’s portfolio.Blackrock Fund Advisors reduced its stake in NVDA by selling 236,896 shares or 2.48% in the most recent quarter. The Hedge Fund company now holds 9,297,864 shares of NVDA which is valued at $381 Million. NVIDIA Corporation makes up approx 0.09% of Blackrock Fund Advisors’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.

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