Delta Capital Management Lowers stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Delta Capital Management reduced its stake in NVIDIA Corporation by 22.61% during the most recent quarter end. The investment management company now holds a total of 5,510 shares of NVIDIA Corporation which is valued at $309,607 after selling 1,610 shares in NVIDIA Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.NVIDIA Corporation makes up approximately 0.23% of Delta Capital Management’s portfolio.

Other Hedge Funds, Including , 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.Barometer Capital Management boosted its stake in NVDA in the latest quarter, The investment management firm added 23,800 additional shares and now holds a total of 143,318 shares of NVIDIA Corporation which is valued at $7,591,554. NVIDIA Corporation makes up approx 0.74% of Barometer Capital Management’s portfolio.Amerigo Asset Management reduced its stake in NVDA by selling 746,437 shares or 16.8% in the most recent quarter. The Hedge Fund company now holds 3,695,705 shares of NVDA which is valued at $195,761,494. NVIDIA Corporation makes up approx 20.97% of Amerigo Asset Management’s portfolio. Cim added NVDA to its portfolio by purchasing 4,930 company shares during the most recent quarter which is valued at $261,142. NVIDIA Corporation makes up approx 0.13% of Cim’s portfolio.Sonora Investment Management reduced its stake in NVDA by selling 21 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 1,000 shares of NVDA which is valued at $52,970. NVIDIA Corporation makes up approx 0.03% of Sonora Investment Management’s portfolio.

NVIDIA Corporation opened for trading at $56.46 and hit $57.49 on the upside on Thursday, eventually ending the session at $57.23, with a gain of 1.85% or 1.04 points. The heightened volatility saw the trading volume jump to 68,17,803 shares. Company has a market cap of $30,561 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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