Renaissance Technologies buys $258,797,671 stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Renaissance Technologies scooped up 865,900 additional shares in NVIDIA Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 4,105,293 shares of NVIDIA Corporation which is valued at $258,797,671.NVIDIA Corporation makes up approximately 0.47% of Renaissance Technologies’s portfolio.

Other Hedge Funds, Including , Ubs Oconnor sold out all of its stake in NVDA during the most recent quarter. The investment firm sold 41,074 shares of NVDA which is valued $2,589,305.Columbia Partners L L C Investment Management reduced its stake in NVDA by selling 313 shares or 1.05% in the most recent quarter. The Hedge Fund company now holds 29,410 shares of NVDA which is valued at $1,854,006. NVIDIA Corporation makes up approx 0.13% of Columbia Partners L L C Investment Management’s portfolio.Convergence Investment Partners reduced its stake in NVDA by selling 43,809 shares or 39.81% in the most recent quarter. The Hedge Fund company now holds 66,248 shares of NVDA which is valued at $4,176,274. NVIDIA Corporation makes up approx 0.55% of Convergence Investment Partners’s portfolio.Provise Management Group reduced its stake in NVDA by selling 1,998 shares or 20.13% in the most recent quarter. The Hedge Fund company now holds 7,928 shares of NVDA which is valued at $445,474. NVIDIA Corporation makes up approx 0.08% of Provise Management Group’s portfolio.Integrated Wealth Management boosted its stake in NVDA in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 60 shares of NVIDIA Corporation which is valued at $3,371.

NVIDIA Corporation closed down -0.04 points or -0.06% at $61.99 with 68,66,279 shares getting traded on Monday. Post opening the session at $62.28, the shares hit an intraday low of $61.885 and an intraday high of $62.53 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, NVIDIA Corporation reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $0.48. The company had revenue of $1428.00 million for the quarter, compared to analysts expectations of $1352.71 million. The company’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on NVIDIA Corporation. Company shares were Upgraded by RBC Capital Mkts on Aug 12, 2016 to ” Outperform”, Firm has raised the Price Target to $ 72 from a previous price target of $47 .Company shares were Reiterated by Barclays on Aug 12, 2016 to “Underweight”, Firm has raised the Price Target to $ 54 from a previous price target of $40 .Company shares were Reiterated by Mizuho on Aug 12, 2016 to “Buy”, Firm has raised the Price Target to $ 66 from a previous price target of $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.

Leave a Reply

NVIDIA Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on NVIDIA Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.