Engineers Gate Manager Lp buys $7,094,585 stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Engineers Gate Manager Lp scooped up 27,271 additional shares in NVIDIA Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 112,541 shares of NVIDIA Corporation which is valued at $7,094,585.NVIDIA Corporation makes up approximately 0.48% of Engineers Gate Manager Lp’s portfolio.

Other Hedge Funds, Including , O’shaughnessy Asset Management added NVDA to its portfolio by purchasing 12,861 company shares during the most recent quarter which is valued at $810,757. NVIDIA Corporation makes up approx 0.02% of O’shaughnessy Asset Management’s portfolio. Nelson Roberts Investment Advisors sold out all of its stake in NVDA during the most recent quarter. The investment firm sold 181 shares of NVDA which is valued $11,410.Fuller Thaler Asset Management reduced its stake in NVDA by selling 27,750 shares or 22.36% in the most recent quarter. The Hedge Fund company now holds 96,350 shares of NVDA which is valued at $5,607,570. NVIDIA Corporation makes up approx 0.09% of Fuller Thaler Asset Management’s portfolio. Quantbot Technologies Lp added NVDA to its portfolio by purchasing 21,168 company shares during the most recent quarter which is valued at $1,189,430. NVIDIA Corporation makes up approx 0.12% of Quantbot Technologies Lp’s portfolio.Hl Financial Services boosted its stake in NVDA in the latest quarter, The investment management firm added 6,746 additional shares and now holds a total of 122,314 shares of NVIDIA Corporation which is valued at $6,856,923. NVIDIA Corporation makes up approx 0.16% of Hl Financial Services’s portfolio.

NVIDIA Corporation opened for trading at $63.04 and hit $63.32 on the upside on Tuesday, eventually ending the session at $62.91, with a gain of 0.62% or 0.39 points. The heightened volatility saw the trading volume jump to 84,93,022 shares. Company has a market cap of $33,594 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.

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