Scout Investments Lowers stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Scout Investments reduced its stake in NVIDIA Corporation by 4.62% during the most recent quarter end. The investment management company now holds a total of 694,219 shares of NVIDIA Corporation which is valued at $41,444,874 after selling 33,656 shares in NVIDIA Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.NVIDIA Corporation makes up approximately 1.10% of Scout Investments’s portfolio.

Other Hedge Funds, Including , Norinchukin Bank The boosted its stake in NVDA in the latest quarter, The investment management firm added 84,343 additional shares and now holds a total of 110,573 shares of NVIDIA Corporation which is valued at $6,601,208. NVIDIA Corporation makes up approx 0.15% of Norinchukin Bank The’s portfolio. Sheaff Brock Investment Advisors sold out all of its stake in NVDA during the most recent quarter. The investment firm sold 22,638 shares of NVDA which is valued $1,317,532.Hanseatic Management Services Inc reduced its stake in NVDA by selling 5,720 shares or 7.15% in the most recent quarter. The Hedge Fund company now holds 74,293 shares of NVDA which is valued at $4,323,853. NVIDIA Corporation makes up approx 1.56% of Hanseatic Management Services Inc’s portfolio.Sg Americas Securities boosted its stake in NVDA in the latest quarter, The investment management firm added 54,030 additional shares and now holds a total of 92,546 shares of NVIDIA Corporation which is valued at $5,200,160. NVIDIA Corporation makes up approx 0.04% of Sg Americas Securities’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 closed down -0.06 points or -0.10% at $62.98 with 1,43,32,617 shares getting traded on Monday. Post opening the session at $63.11, the shares hit an intraday low of $62.1302 and an intraday high of $63.4964 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.

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