Agf Investments adds NVIDIA Corporation (NVDA) to its portfolio

NVIDIA Corporation (NVDA) : Agf Investments added new position in NVIDIA Corporation during the most recent quarter end. The investment management firm now holds 1,045,303 shares of NVIDIA Corporation which is valued at $58,735,576 , the company said in a statement filed on Aug 1, 2016 with the SEC.NVIDIA Corporation makes up approximately 0.64% of Agf Investments’s portfolio.

Other Hedge Funds, Including , Evercore Wealth Management added NVDA to its portfolio by purchasing 111 company shares during the most recent quarter which is valued at $6,237.Sigma Planning Corp reduced its stake in NVDA by selling 8,751 shares or 37.58% in the most recent quarter. The Hedge Fund company now holds 14,534 shares of NVDA which is valued at $794,574. NVIDIA Corporation makes up approx 0.10% of Sigma Planning Corp’s portfolio.Perkins Capital Management Inc reduced its stake in NVDA by selling 500 shares or 4.8% in the most recent quarter. The Hedge Fund company now holds 9,925 shares of NVDA which is valued at $542,600. NVIDIA Corporation makes up approx 0.60% of Perkins Capital Management Inc’s portfolio.Nisa Investment Advisors boosted its stake in NVDA in the latest quarter, The investment management firm added 4,450 additional shares and now holds a total of 141,851 shares of NVIDIA Corporation which is valued at $7,513,847. NVIDIA Corporation makes up approx 0.10% of Nisa Investment Advisors’s portfolio.Sumitomo Life Insurance Co boosted its stake in NVDA in the latest quarter, The investment management firm added 13,872 additional shares and now holds a total of 49,189 shares of NVIDIA Corporation which is valued at $2,605,541. NVIDIA Corporation makes up approx 0.35% of Sumitomo Life Insurance Co’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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