Kwmg buys $1.4 Million stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Kwmg scooped up 2,432 additional shares in NVIDIA Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 34,258 shares of NVIDIA Corporation which is valued at $1.4 Million.NVIDIA Corporation makes up approximately 0.83% of Kwmg’s portfolio.

Other Hedge Funds, Including , C M Bidwell Associates Ltd boosted its stake in NVDA in the latest quarter, The investment management firm added 207,030 additional shares and now holds a total of 234,265 shares of NVIDIA Corporation which is valued at $9.6 Million. NVIDIA Corporation makes up approx 2.40% of C M Bidwell Associates Ltd’s portfolio.Timber Hill reduced its stake in NVDA by selling 55,175 shares or 86.23% in the most recent quarter. The Hedge Fund company now holds 8,810 shares of NVDA which is valued at $311,257. NVIDIA Corporation makes up approx 0.02% of Timber Hill’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. Cadence Bank Na added NVDA to its portfolio by purchasing 7,234 company shares during the most recent quarter which is valued at $255,577. NVIDIA Corporation makes up approx 0.13% of Cadence Bank Na’s portfolio.State Of New Jersey Common Pension Fund D boosted its stake in NVDA in the latest quarter, The investment management firm added 800,000 additional shares and now holds a total of 1,310,000 shares of NVIDIA Corporation which is valued at $46.5 Million. NVIDIA Corporation makes up approx 0.21% of State Of New Jersey Common Pension Fund D’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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