NVIDIA Corporation (NVDA) : Voloridge Investment Management scooped up 551,713 additional shares in NVIDIA Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,040,997 shares of NVIDIA Corporation which is valued at $65,624,451.NVIDIA Corporation makes up approximately 1.81% of Voloridge Investment Management’s portfolio.
Other Hedge Funds, Including , Putnam Investments boosted its stake in NVDA in the latest quarter, The investment management firm added 861,128 additional shares and now holds a total of 1,900,064 shares of NVIDIA Corporation which is valued at $119,780,035. NVIDIA Corporation makes up approx 0.28% of Putnam Investments’s portfolio.King Luther Capital Management Corp reduced its stake in NVDA by selling 4,500 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 4,500 shares of NVDA which is valued at $283,680. Acrospire Investment Management sold out all of its stake in NVDA during the most recent quarter. The investment firm sold 1,700 shares of NVDA which is valued $99,858. Gerstein Fisher added NVDA to its portfolio by purchasing 5,578 company shares during the most recent quarter which is valued at $333,007. NVIDIA Corporation makes up approx 0.04% of Gerstein Fisher’s portfolio. Chartist Inc Ca sold out all of its stake in NVDA during the most recent quarter. The investment firm sold 9,114 shares of NVDA which is valued $512,116.
NVIDIA Corporation opened for trading at $61.39 and hit $63.38 on the upside on Thursday, eventually ending the session at $63.15, with a gain of 2.95% or 1.81 points. The heightened volatility saw the trading volume jump to 1,07,12,305 shares. Company has a market cap of $33,785 M.
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.