Centre Asset Management Lowers stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Centre Asset Management reduced its stake in NVIDIA Corporation by 35.83% during the most recent quarter end. The investment management company now holds a total of 241,490 shares of NVIDIA Corporation which is valued at $16,203,979 after selling 134,848 shares in NVIDIA Corporation , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.NVIDIA Corporation makes up approximately 2.95% of Centre Asset Management’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp boosted its stake in NVDA in the latest quarter, The investment management firm added 10,351 additional shares and now holds a total of 13,970 shares of NVIDIA Corporation which is valued at $937,387. NVIDIA Corporation makes up approx 0.06% of Cutler Group Lp’s portfolio.Simplex Trading reduced its stake in NVDA by selling 40,057 shares or 36.81% in the most recent quarter. The Hedge Fund company now holds 68,758 shares of NVDA which is valued at $4,596,472. NVIDIA Corporation makes up approx 0.60% of Simplex Trading’s portfolio.Central Bank Trust Co boosted its stake in NVDA in the latest quarter, The investment management firm added 7,254 additional shares and now holds a total of 104,714 shares of NVIDIA Corporation which is valued at $7,000,131. NVIDIA Corporation makes up approx 1.99% of Central Bank Trust Co’s portfolio.Chevy Chase Trust Holdings reduced its stake in NVDA by selling 98,186 shares or 7.09% in the most recent quarter. The Hedge Fund company now holds 1,285,813 shares of NVDA which is valued at $87,731,021. NVIDIA Corporation makes up approx 0.48% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in NVDA in the latest quarter, The investment management firm added 33,285 additional shares and now holds a total of 275,357 shares of NVIDIA Corporation which is valued at $18,787,608. NVIDIA Corporation makes up approx 0.08% of Bnp Paribas Arbitrage Sa’s portfolio.

NVIDIA Corporation closed down -0.97 points or -1.45% at $66.13 with 97,13,476 shares getting traded on Tuesday. Post opening the session at $66.88, the shares hit an intraday low of $65.62 and an intraday high of $66.98 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. SunTrust Initiated NVIDIA Corporation on Sep 20, 2016 to “Neutral”, Price Target of the shares are set at $59.NVIDIA Corporation was Initiated by Susquehanna to “Neutral” on Sep 20, 2016. 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 .

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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