NVIDIA Corporation (NVDA) : Keywise Capital Management Ltd scooped up 66,800 additional shares in NVIDIA Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 1,145,000 shares of NVIDIA Corporation which is valued at $62,081,900.NVIDIA Corporation makes up approximately 30.13% of Keywise Capital Management Ltd’s portfolio.
Other Hedge Funds, Including , Nordea Investment Management Ab boosted its stake in NVDA in the latest quarter, The investment management firm added 18,023 additional shares and now holds a total of 33,823 shares of NVIDIA Corporation which is valued at $1,833,883. NVIDIA Corporation makes up approx 0.01% of Nordea Investment Management Ab’s portfolio.Gateway Investment Advisers reduced its stake in NVDA by selling 114,559 shares or 18.35% in the most recent quarter. The Hedge Fund company now holds 509,810 shares of NVDA which is valued at $26,907,772. NVIDIA Corporation makes up approx 0.23% of Gateway Investment Advisers’s portfolio.Central Bank Trust Co boosted its stake in NVDA in the latest quarter, The investment management firm added 96,160 additional shares and now holds a total of 97,460 shares of NVIDIA Corporation which is valued at $5,143,939. NVIDIA Corporation makes up approx 1.45% of Central Bank Trust Co’s portfolio. Hollencrest Securities added NVDA to its portfolio by purchasing 5,211 company shares during the most recent quarter which is valued at $264,979. NVIDIA Corporation makes up approx 0.04% of Hollencrest Securities’s portfolio.Next Financial Group Inc boosted its stake in NVDA in the latest quarter, The investment management firm added 512 additional shares and now holds a total of 24,914 shares of NVIDIA Corporation which is valued at $1,266,877. NVIDIA Corporation makes up approx 0.40% of Next Financial Group Inc’s portfolio.
NVIDIA Corporation opened for trading at $53.7 and hit $54.505 on the upside on Wednesday, eventually ending the session at $54.22, with a gain of 1.31% or 0.7 points. The heightened volatility saw the trading volume jump to 74,11,502 shares. Company has a market cap of $28,953 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.