Polaris Greystone Financial Group adds NVIDIA Corporation (NVDA) to its portfolio

NVIDIA Corporation (NVDA) : Polaris Greystone Financial Group added new position in NVIDIA Corporation during the most recent quarter end. The investment management firm now holds 432,003 shares of NVIDIA Corporation which is valued at $24,274,249 , the company said in a statement filed on Aug 2, 2016 with the SEC.NVIDIA Corporation makes up approximately 3.70% of Polaris Greystone Financial Group’s portfolio.

Other Hedge Funds, Including , Cibc Asset Management Inc boosted its stake in NVDA in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 70,283 shares of NVIDIA Corporation which is valued at $3,949,202. NVIDIA Corporation makes up approx 0.03% of Cibc Asset Management Inc’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.Signaturefd boosted its stake in NVDA in the latest quarter, The investment management firm added 51 additional shares and now holds a total of 229 shares of NVIDIA Corporation which is valued at $13,076.Legacy Private Trust boosted its stake in NVDA in the latest quarter, The investment management firm added 32,976 additional shares and now holds a total of 108,396 shares of NVIDIA Corporation which is valued at $5,741,736. NVIDIA Corporation makes up approx 0.82% of Legacy Private Trust’s portfolio. Mazama Capital Management Inc sold out all of its stake in NVDA during the most recent quarter. The investment firm sold 113,840 shares of NVDA which is valued $5,788,764.

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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