Blue Rock Advisors Exits Position in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Blue Rock Advisors has sold out all of its stake in NVIDIA Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 2,470 shares of NVIDIA Corporation which is valued at $145,088.

Other Hedge Funds, Including , Baillie Gifford Co boosted its stake in NVDA in the latest quarter, The investment management firm added 160,043 additional shares and now holds a total of 5,301,449 shares of NVIDIA Corporation which is valued at $316,496,505. NVIDIA Corporation makes up approx 0.52% of Baillie Gifford Co’s portfolio.State Treasurer State Of Michigan boosted its stake in NVDA in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 176,208 shares of NVIDIA Corporation which is valued at $9,901,128. NVIDIA Corporation makes up approx 0.08% of State Treasurer State Of Michigan’s portfolio.Morgens Waterfall Vintiadis Co Inc reduced its stake in NVDA by selling 38,000 shares or 58.46% in the most recent quarter. The Hedge Fund company now holds 27,000 shares of NVDA which is valued at $1,476,090. NVIDIA Corporation makes up approx 1.44% of Morgens Waterfall Vintiadis Co Inc’s portfolio.1st Global Advisors reduced its stake in NVDA by selling 2,788 shares or 7.22% in the most recent quarter. The Hedge Fund company now holds 35,853 shares of NVDA which is valued at $1,960,084. NVIDIA Corporation makes up approx 0.26% of 1st Global Advisors’s portfolio. Gradient Investments added NVDA to its portfolio by purchasing 110 company shares during the most recent quarter which is valued at $5,827.

NVIDIA Corporation closed down -1.45 points or -2.32% at $61.15 with 1,48,80,304 shares getting traded on Wednesday. Post opening the session at $62.6, the shares hit an intraday low of $60.655 and an intraday high of $62.74 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *