Spot Trading L.l.c Lowers stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Spot Trading L.l.c reduced its stake in NVIDIA Corporation by 23.67% during the most recent quarter end. The investment management company now holds a total of 76,951 shares of NVIDIA Corporation which is valued at $4,323,877 after selling 23,856 shares in NVIDIA Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.NVIDIA Corporation makes up approximately 0.57% of Spot Trading L.l.c’s portfolio.

Other Hedge Funds, Including , Ifc Holdings Incorporatedfl boosted its stake in NVDA in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 8,639 shares of NVIDIA Corporation which is valued at $485,425. NVIDIA Corporation makes up approx 0.05% of Ifc Holdings Incorporatedfl’s portfolio.Tocqueville Asset Management boosted its stake in NVDA in the latest quarter, The investment management firm added 112,255 additional shares and now holds a total of 125,355 shares of NVIDIA Corporation which is valued at $7,157,771. NVIDIA Corporation makes up approx 0.09% of Tocqueville Asset Management’s portfolio.Umb Bank N Amo boosted its stake in NVDA in the latest quarter, The investment management firm added 1,376 additional shares and now holds a total of 76,874 shares of NVIDIA Corporation which is valued at $4,309,556. NVIDIA Corporation makes up approx 0.18% of Umb Bank N Amo’s portfolio.Candriam Luxembourg S.c.a. reduced its stake in NVDA by selling 526,254 shares or 91.22% in the most recent quarter. The Hedge Fund company now holds 50,631 shares of NVDA which is valued at $2,838,374. NVIDIA Corporation makes up approx 0.07% of Candriam Luxembourg S.c.a.’s portfolio.Gavekal Capital reduced its stake in NVDA by selling 984 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 165,226 shares of NVDA which is valued at $9,032,905. NVIDIA Corporation makes up approx 2.68% of Gavekal Capital’s portfolio.

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. 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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