Dorsey Wright Associates Lowers stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Dorsey Wright Associates reduced its stake in NVIDIA Corporation by 10.56% during the most recent quarter end. The investment management company now holds a total of 94,854 shares of NVIDIA Corporation which is valued at $5,185,668 after selling 11,196 shares in NVIDIA Corporation , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.NVIDIA Corporation makes up approximately 2.69% of Dorsey Wright Associates’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in NVDA in the latest quarter, The investment management firm added 4,450 additional shares and now holds a total of 141,851 shares of NVIDIA Corporation which is valued at $7,513,847. NVIDIA Corporation makes up approx 0.10% of Nisa Investment Advisors’s portfolio.Quotient Investors boosted its stake in NVDA in the latest quarter, The investment management firm added 13,530 additional shares and now holds a total of 47,648 shares of NVIDIA Corporation which is valued at $2,514,861. NVIDIA Corporation makes up approx 1.15% of Quotient Investors’s portfolio. Ct Financial Advisors sold out all of its stake in NVDA during the most recent quarter. The investment firm sold 3,000 shares of NVDA which is valued $152,550.

NVIDIA Corporation opened for trading at $56.19 and hit $56.6 on the upside on Thursday, eventually ending the session at $56.18, with a gain of 0.21% or 0.12 points. The heightened volatility saw the trading volume jump to 55,14,895 shares. Company has a market cap of $30,000 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 Downgraded by Wells Fargo to ” Underperform” on Jul 15, 2016. Mizuho Initiated NVIDIA Corporation on Jul 15, 2016 to “Buy”, Price Target of the shares are set at $60.Company shares were Reiterated by RBC Capital Mkts on Jun 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 47 from a previous price target of $40 .

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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