NVIDIA Corporation (NASDAQ:NVDA) – Jefferies Group issued their Q1 2019 earnings per share (EPS) estimates for shares of NVIDIA Corporation in a note issued to investors on Monday, Zacks Investment Research reports. Jefferies Group analyst M. Lipacis anticipates that the computer hardware maker will post earnings of $0.91 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $240.00 target price on the stock. Jefferies Group also issued estimates for NVIDIA Corporation’s Q2 2019 earnings at $0.98 EPS, Q3 2019 earnings at $1.07 EPS and Q4 2019 earnings at $1.16 EPS.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 43.42%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the business posted $0.94 earnings per share. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: This piece was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2017/11/12/nvidia-corporation-to-post-q1-2019-earnings-of-0-91-per-share-jefferies-group-forecasts-nvda.html.
Several other brokerages have also recently commented on NVDA. Mizuho reaffirmed a “buy” rating and set a $180.00 target price (up from $170.00) on shares of NVIDIA Corporation in a report on Friday, August 11th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $140.00 target price on shares of NVIDIA Corporation in a report on Wednesday, August 16th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of NVIDIA Corporation in a report on Sunday, November 5th. Vetr cut shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 target price on the stock. in a report on Thursday, August 31st. Finally, Canaccord Genuity reissued a “buy” rating and issued a $190.00 price objective (up from $180.00) on shares of NVIDIA Corporation in a research note on Thursday, August 10th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $183.27.
NVIDIA Corporation (NVDA) opened at $216.14 on Wednesday. NVIDIA Corporation has a fifty-two week low of $78.50 and a fifty-two week high of $218.67. The company has a market cap of $129,684.00, a P/E ratio of 53.24, a PEG ratio of 5.34 and a beta of 1.23. The company has a current ratio of 7.82, a quick ratio of 6.99 and a debt-to-equity ratio of 0.33.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a dividend of $0.15 per share. This is a boost from NVIDIA Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA Corporation’s dividend payout ratio is presently 13.90%.
In other NVIDIA Corporation news, CFO Colette Kress sold 22,808 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $185.31, for a total value of $4,226,550.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director A Brooke Seawell sold 30,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the completion of the sale, the director now owns 16,507 shares in the company, valued at $2,809,326.33. The disclosure for this sale can be found here. Insiders have sold a total of 452,784 shares of company stock worth $81,437,724 over the last 90 days. 5.82% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in NVIDIA Corporation by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after purchasing an additional 2,676,976 shares in the last quarter. Edgewood Management LLC lifted its stake in NVIDIA Corporation by 21.9% in the 1st quarter. Edgewood Management LLC now owns 5,987,970 shares of the computer hardware maker’s stock worth $652,270,000 after purchasing an additional 1,074,303 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in NVIDIA Corporation by 8.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock worth $827,110,000 after purchasing an additional 463,306 shares in the last quarter. Janus Capital Management LLC lifted its stake in NVIDIA Corporation by 20.0% in the 1st quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock worth $584,832,000 after purchasing an additional 895,591 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in NVIDIA Corporation by 19.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after purchasing an additional 768,200 shares in the last quarter. Institutional investors and hedge funds own 65.59% of the company’s stock.
About NVIDIA Corporation
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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