Ziff Brothers Investments L.l.c. adds NVIDIA Corporation (NVDA) to its portfolio

NVIDIA Corporation (NVDA) : Ziff Brothers Investments L.l.c. added new position in NVIDIA Corporation during the most recent quarter end. The investment management firm now holds 645,000 shares of NVIDIA Corporation which is valued at $56,740,650 , the company said in a statement filed on Nov 14, 2016 with the SEC.NVIDIA Corporation makes up approximately 12.95% of Ziff Brothers Investments L.l.c.’s portfolio.

Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership boosted its stake in NVDA in the latest quarter, The investment management firm added 5,184,526 additional shares and now holds a total of 7,154,246 shares of NVIDIA Corporation which is valued at $598,381,135. NVIDIA Corporation makes up approx 2.00% of Arrowstreet Capital Limited Partnership’s portfolio.Convergence Investment Partners reduced its stake in NVDA by selling 20,239 shares or 30.55% in the most recent quarter. The Hedge Fund company now holds 46,009 shares of NVDA which is valued at $3,118,030. NVIDIA Corporation makes up approx 0.45% of Convergence Investment Partners’s portfolio.Liberty Mutual Group Asset Management boosted its stake in NVDA in the latest quarter, The investment management firm added 3,942 additional shares and now holds a total of 40,004 shares of NVIDIA Corporation which is valued at $2,711,071. NVIDIA Corporation makes up approx 0.10% of Liberty Mutual Group Asset Management’s portfolio. Essex Financial Services added NVDA to its portfolio by purchasing 5,625 company shares during the most recent quarter which is valued at $381,206. NVIDIA Corporation makes up approx 0.09% of Essex Financial Services’s portfolio. Oakbrook Investments added NVDA to its portfolio by purchasing 27,700 company shares during the most recent quarter which is valued at $1,876,121. NVIDIA Corporation makes up approx 0.12% of Oakbrook Investments’s portfolio.

NVIDIA Corporation opened for trading at $92.39 and hit $94.33 on the upside on Monday, eventually ending the session at $93.36, with a gain of 1.05% or 0.97 points. The heightened volatility saw the trading volume jump to 1,44,01,499 shares. Company has a market cap of $49,948 M.

On the company’s financial health, NVIDIA Corporation reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Nov 10, 2016. Analyst had a consensus of $0.68. The company had revenue of $2004.00 million for the quarter, compared to analysts expectations of $1691.72 million. The company’s revenue was up 53.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Investors should note that on Nov 10, 2016, NVIDIA Corporation announced a cash dividend of $0.1400. The company’s management has announced Nov 23, 2016 as the ex-dividend date and fixed the record date on Nov 28, 2016. The payable date has been fixed on Dec 19, 2016.

Many Wall Street Analysts have commented on NVIDIA Corporation. Needham Upgraded NVIDIA Corporation on Nov 14, 2016 to ” Buy”, Price Target of the shares are set at $100.Company shares were Reiterated by Mizuho on Nov 11, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $66 .Company shares were Reiterated by RBC Capital Mkts on Nov 8, 2016 to “Outperform”, Firm has raised the Price Target to $ 80 from a previous price target of $72 .

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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