Levy Harkins Co Inc Lowers stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Levy Harkins Co Inc reduced its stake in NVIDIA Corporation by 20.61% during the most recent quarter end. The investment management company now holds a total of 140,985 shares of NVIDIA Corporation which is valued at $6.5 Million after selling 36,590 shares in NVIDIA Corporation , the firm said in a disclosure report filed with the SEC on May 26, 2016.NVIDIA Corporation makes up approximately 2.75% of Levy Harkins Co Inc’s portfolio.

Other Hedge Funds, Including , Capstone Investment Advisors added NVDA to its portfolio by purchasing 29,588 company shares during the most recent quarter which is valued at $1.3 Million. NVIDIA Corporation makes up approx 0.13% of Capstone Investment Advisors’s portfolio.Shelton Capital Management boosted its stake in NVDA in the latest quarter, The investment management firm added 9,895 additional shares and now holds a total of 39,831 shares of NVIDIA Corporation which is valued at $1.6 Million. NVIDIA Corporation makes up approx 0.15% of Shelton Capital Management’s portfolio. Mitsubishi Ufj Securities Holdings Ltd. sold out all of its stake in NVDA during the most recent quarter. The investment firm sold 830 shares of NVDA which is valued $34,013.Geode Capital Management boosted its stake in NVDA in the latest quarter, The investment management firm added 126,774 additional shares and now holds a total of 4,663,611 shares of NVIDIA Corporation which is valued at $191.1 Million. NVIDIA Corporation makes up approx 0.11% of Geode Capital Management’s portfolio.Kwmg boosted its stake in NVDA in the latest quarter, The investment management firm added 2,432 additional shares and now holds a total of 34,258 shares of NVIDIA Corporation which is valued at $1.4 Million. NVIDIA Corporation makes up approx 0.83% of Kwmg’s portfolio.

NVIDIA Corporation opened for trading at $46.5 and hit $47.26 on the upside on Wednesday, eventually ending the session at $46.81, with a gain of 0.19% or 0.09 points. The heightened volatility saw the trading volume jump to 96,78,267 shares. Company has a market cap of $24,997 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. NVIDIA Corporation was Initiated by Goldman to “Buy” on Jun 2, 2016. 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 (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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