Lorem Ipsum Management Lowers stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Lorem Ipsum Management reduced its stake in NVIDIA Corporation by 79.29% during the most recent quarter end. The investment management company now holds a total of 40,000 shares of NVIDIA Corporation which is valued at $2,521,600 after selling 153,137 shares in NVIDIA Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.NVIDIA Corporation makes up approximately 10.09% of Lorem Ipsum Management’s portfolio.

Other Hedge Funds, Including , Edmond De Rothschild Holding S.a. reduced its stake in NVDA by selling 56,300 shares or 69.48% in the most recent quarter. The Hedge Fund company now holds 24,729 shares of NVDA which is valued at $1,558,916. NVIDIA Corporation makes up approx 0.05% of Edmond De Rothschild Holding S.a.’s portfolio.Jaffetilchin Investment Partners boosted its stake in NVDA in the latest quarter, The investment management firm added 8,827 additional shares and now holds a total of 26,940 shares of NVIDIA Corporation which is valued at $1,567,908. NVIDIA Corporation makes up approx 0.46% of Jaffetilchin Investment Partners’s portfolio.Td Asset Management Inc boosted its stake in NVDA in the latest quarter, The investment management firm added 4,435 additional shares and now holds a total of 265,914 shares of NVIDIA Corporation which is valued at $15,476,195. NVIDIA Corporation makes up approx 0.03% of Td Asset Management Inc’s portfolio.New Mexico Educational Retirement Board boosted its stake in NVDA in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 59,082 shares of NVIDIA Corporation which is valued at $3,319,818. NVIDIA Corporation makes up approx 0.15% of New Mexico Educational Retirement Board’s portfolio.Quantitative Investment Management boosted its stake in NVDA in the latest quarter, The investment management firm added 26,600 additional shares and now holds a total of 64,200 shares of NVIDIA Corporation which is valued at $3,607,398. NVIDIA Corporation makes up approx 0.16% of Quantitative Investment Management’s portfolio.

NVIDIA Corporation opened for trading at $62.07 and hit $62.73 on the upside on Friday, eventually ending the session at $62.26, with a gain of 0.26% or 0.16 points. The heightened volatility saw the trading volume jump to 72,88,978 shares. Company has a market cap of $33,247 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *