Indus Capital Partners adds NVIDIA Corporation (NVDA) to its portfolio

NVIDIA Corporation (NVDA) : Indus Capital Partners added new position in NVIDIA Corporation during the most recent quarter end. The investment management firm now holds 200,000 shares of NVIDIA Corporation which is valued at $12,608,000 , the company said in a statement filed on Aug 12, 2016 with the SEC.NVIDIA Corporation makes up approximately 1.57% of Indus Capital Partners’s portfolio.

Other Hedge Funds, Including , Allianz Asset Management Ag boosted its stake in NVDA in the latest quarter, The investment management firm added 7,261 additional shares and now holds a total of 622,279 shares of NVIDIA Corporation which is valued at $39,228,468. NVIDIA Corporation makes up approx 0.05% of Allianz Asset Management Ag’s portfolio.Eaton Vance Management boosted its stake in NVDA in the latest quarter, The investment management firm added 79 additional shares and now holds a total of 623,427 shares of NVIDIA Corporation which is valued at $37,218,592. NVIDIA Corporation makes up approx 0.10% of Eaton Vance Management’s portfolio.Shinko Asset Management Ltd. reduced its stake in NVDA by selling 135 shares or 8.93% in the most recent quarter. The Hedge Fund company now holds 1,377 shares of NVDA which is valued at $75,281.Winslow Evans Crocker boosted its stake in NVDA in the latest quarter, The investment management firm added 451 additional shares and now holds a total of 1,286 shares of NVIDIA Corporation which is valued at $70,306. NVIDIA Corporation makes up approx 0.02% of Winslow Evans Crocker’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.

NVIDIA Corporation closed down -0.04 points or -0.06% at $61.99 with 68,66,279 shares getting traded on Monday. Post opening the session at $62.28, the shares hit an intraday low of $61.885 and an intraday high of $62.53 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

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