Legacy Private Trust Lowers stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Legacy Private Trust reduced its stake in NVIDIA Corporation by 24.03% during the most recent quarter end. The investment management company now holds a total of 82,346 shares of NVIDIA Corporation which is valued at $5,445,541 after selling 26,050 shares in NVIDIA Corporation , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.NVIDIA Corporation makes up approximately 0.75% of Legacy Private Trust’s portfolio.

Other Hedge Funds, Including , Thompson Rubinstein Investment Management Inc Or added NVDA to its portfolio by purchasing 3,000 company shares during the most recent quarter which is valued at $201,300. NVIDIA Corporation makes up approx 0.08% of Thompson Rubinstein Investment Management Inc Or’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in NVDA in the latest quarter, The investment management firm added 41,450 additional shares and now holds a total of 155,034 shares of NVIDIA Corporation which is valued at $10,402,781. NVIDIA Corporation makes up approx 0.23% of Oregon Public Employees Retirement Fund’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in NVDA in the latest quarter, The investment management firm added 5,290 additional shares and now holds a total of 136,605 shares of NVIDIA Corporation which is valued at $9,132,044. NVIDIA Corporation makes up approx 0.19% of Exxonmobil Investment Management Inc Tx’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.

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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