Cookson Peirce Co Inc Lowers stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Cookson Peirce Co Inc reduced its stake in NVIDIA Corporation by 8.83% during the most recent quarter end. The investment management company now holds a total of 377,183 shares of NVIDIA Corporation which is valued at $21,193,913 after selling 36,535 shares in NVIDIA Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.NVIDIA Corporation makes up approximately 3.06% of Cookson Peirce Co Inc’s portfolio.

Other Hedge Funds, Including , Plante Moran Financial Advisors reduced its stake in NVDA by selling 271 shares or 33.42% in the most recent quarter. The Hedge Fund company now holds 540 shares of NVDA which is valued at $30,343. NVIDIA Corporation makes up approx 0.02% of Plante Moran Financial Advisors’s portfolio.Cibc Asset Management Inc boosted its stake in NVDA in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 70,283 shares of NVIDIA Corporation which is valued at $3,949,202. NVIDIA Corporation makes up approx 0.03% of Cibc Asset Management Inc’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in NVDA by selling 200,000 shares or 15.27% in the most recent quarter. The Hedge Fund company now holds 1,110,000 shares of NVDA which is valued at $62,370,900. NVIDIA Corporation makes up approx 0.27% of State Of New Jersey Common Pension Fund D’s portfolio.Gilder Gagnon Howe Co boosted its stake in NVDA in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 778 shares of NVIDIA Corporation which is valued at $43,716.

NVIDIA Corporation opened for trading at $59 and hit $59.14 on the upside on Monday, eventually ending the session at $58.74, with a gain of 0.93% or 0.54 points. The heightened volatility saw the trading volume jump to 76,26,603 shares. Company has a market cap of $31,367 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 Barclays on Aug 10, 2016 to “Underweight”, Firm has raised the Price Target to $ 40 from a previous price target of $30 .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.

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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