Wall Street analysts forecast that NVIDIA Co. (NASDAQ:NVDA) will report $2.91 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for NVIDIA’s earnings. The highest sales estimate is $2.96 billion and the lowest is $2.90 billion. NVIDIA reported sales of $1.94 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The firm is scheduled to report its next earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that NVIDIA will report full year sales of $2.91 billion for the current year, with estimates ranging from $11.20 billion to $13.37 billion. For the next fiscal year, analysts anticipate that the business will report sales of $14.10 billion per share, with estimates ranging from $11.20 billion to $15.57 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for NVIDIA.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.56. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.13 earnings per share.
Several research analysts recently weighed in on NVDA shares. Needham & Company LLC increased their price objective on NVIDIA to $300.00 in a research report on Friday, February 9th. B. Riley reiterated a “buy” rating and issued a $270.00 price objective on shares of NVIDIA in a research report on Monday, January 8th. Goldman Sachs reiterated a “buy” rating and issued a $228.00 price objective on shares of NVIDIA in a research report on Friday, January 5th. Vetr lowered NVIDIA from a “strong-buy” rating to a “buy” rating and set a $217.46 price objective for the company. in a research report on Wednesday, January 3rd. Finally, Mizuho reiterated a “buy” rating and issued a $225.00 price objective on shares of NVIDIA in a research report on Tuesday, November 28th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $212.38.
In other news, Director Persis Drell sold 606 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the sale, the director now directly owns 26,104 shares in the company, valued at $5,144,315.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James C. Gaither sold 40,359 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $245.67, for a total value of $9,914,995.53. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,375 shares of company stock worth $14,002,701. Insiders own 5.82% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in NVDA. SB Investment Advisers UK Ltd. acquired a new stake in shares of NVIDIA in the fourth quarter valued at $5,200,218,000. Whale Rock Capital Management LLC acquired a new stake in NVIDIA in the third quarter valued at $93,171,000. Geode Capital Management LLC raised its stake in NVIDIA by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 7,194,300 shares of the computer hardware maker’s stock valued at $1,389,500,000 after buying an additional 512,166 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in NVIDIA by 71.3% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 1,028,663 shares of the computer hardware maker’s stock valued at $199,046,000 after buying an additional 428,046 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC raised its stake in NVIDIA by 957.5% in the third quarter. Zevenbergen Capital Investments LLC now owns 391,565 shares of the computer hardware maker’s stock valued at $70,000,000 after buying an additional 354,537 shares in the last quarter. Institutional investors and hedge funds own 67.01% of the company’s stock.
NVIDIA (NASDAQ NVDA) opened at $250.48 on Friday. The firm has a market capitalization of $151,010.00, a P/E ratio of 54.33, a P/E/G ratio of 3.90 and a beta of 1.43. NVIDIA has a 52-week low of $95.49 and a 52-week high of $254.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 23rd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Thursday, February 22nd. NVIDIA’s payout ratio is currently 13.02%.
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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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