Boyer Corporon Wealth Management buys $6,517,453 stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Boyer Corporon Wealth Management scooped up 2,846 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 103,386 shares of NVIDIA Corporation which is valued at $6,517,453.NVIDIA Corporation makes up approximately 2.98% of Boyer Corporon Wealth Management’s portfolio.

Other Hedge Funds, Including , Fort Washington Investment Advisors Inc Oh reduced its stake in NVDA by selling 17,409 shares or 30.38% in the most recent quarter. The Hedge Fund company now holds 39,901 shares of NVDA which is valued at $2,515,359. NVIDIA Corporation makes up approx 0.05% of Fort Washington Investment Advisors Inc Oh’s portfolio.Blackrock Investment Management boosted its stake in NVDA in the latest quarter, The investment management firm added 80,800 additional shares and now holds a total of 1,360,210 shares of NVIDIA Corporation which is valued at $85,747,638. NVIDIA Corporation makes up approx 0.10% of Blackrock Investment Management’s portfolio.Cadence Bank Na boosted its stake in NVDA in the latest quarter, The investment management firm added 2,792 additional shares and now holds a total of 10,026 shares of NVIDIA Corporation which is valued at $583,513. NVIDIA Corporation makes up approx 0.28% of Cadence Bank Na’s portfolio. Emerald Advisers Incpa added NVDA to its portfolio by purchasing 8,502 company shares during the most recent quarter which is valued at $485,464. NVIDIA Corporation makes up approx 0.02% of Emerald Advisers Incpa’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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