Dubuque Bank Trust Co Lowers stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Dubuque Bank Trust Co reduced its stake in NVIDIA Corporation by 16.09% during the most recent quarter end. The investment management company now holds a total of 89,430 shares of NVIDIA Corporation which is valued at $5,637,667 after selling 17,148 shares in NVIDIA Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.NVIDIA Corporation makes up approximately 1.04% of Dubuque Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Capital Growth Management Lp added NVDA to its portfolio by purchasing 40,000 company shares during the most recent quarter which is valued at $2,521,600. NVIDIA Corporation makes up approx 0.11% of Capital Growth Management Lp’s portfolio. Bluemountain Capital Management added NVDA to its portfolio by purchasing 3,090 company shares during the most recent quarter which is valued at $194,794. NVIDIA Corporation makes up approx 0.01% of Bluemountain Capital Management’s portfolio.Nelson Van Denburg Campbell Wealth Management Group boosted its stake in NVDA in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 702 shares of NVIDIA Corporation which is valued at $40,856. NVIDIA Corporation makes up approx 0.02% of Nelson Van Denburg Campbell Wealth Management Group’s portfolio.Plante Moran Financial Advisors reduced its stake in NVDA by selling 271 shares or 33.42% in the most recent quarter. The Hedge Fund company now holds 540 shares of NVDA which is valued at $30,343. NVIDIA Corporation makes up approx 0.02% of Plante Moran Financial Advisors’s portfolio.Hussman Strategic Advisors reduced its stake in NVDA by selling 150,000 shares or 35.29% in the most recent quarter. The Hedge Fund company now holds 275,000 shares of NVDA which is valued at $15,452,250. NVIDIA Corporation makes up approx 2.28% of Hussman Strategic Advisors’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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