NVIDIA (NASDAQ:NVDA – Get Rating) is scheduled to be announcing its earnings results after the market closes on Wednesday, February 22nd. Analysts expect the company to announce earnings of $0.81 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
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NVIDIA (NASDAQ:NVDA – Get Rating) last released its quarterly earnings results on Wednesday, November 16th. The computer hardware maker reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.10). The firm had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.82 billion. NVIDIA had a return on equity of 30.75{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} and a net margin of 20.85{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}. The business’s quarterly revenue was down 16.5{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} on a year-over-year basis. During the same period last year, the firm earned $1.01 EPS. On average, analysts expect NVIDIA to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NVIDIA Price Performance
NVDA opened at $229.71 on Wednesday. The company has a 50-day moving average of $176.72 and a 200-day moving average of $158.38. The company has a market capitalization of $571.98 billion, a P/E ratio of 97.75, a PEG ratio of 5.78 and a beta of 1.79. NVIDIA has a 1-year low of $108.13 and a 1-year high of $289.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.74 and a current ratio of 3.39.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on NVDA. Oppenheimer dropped their target price on shares of NVIDIA from $250.00 to $225.00 and set an “outperform” rating for the company in a research report on Friday, November 11th. Cowen boosted their target price on shares of NVIDIA from $200.00 to $220.00 in a research report on Monday, December 12th. Stifel Nicolaus boosted their target price on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, November 17th. KeyCorp dropped their target price on shares of NVIDIA from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, January 11th. Finally, Raymond James lowered their price objective on shares of NVIDIA from $210.00 to $190.00 and set a “strong-buy” rating for the company in a research report on Thursday, November 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $210.23.
Insider Buying and Selling
In related news, CFO Colette Kress sold 10,741 shares of the business’s stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $200.00, for a total value of $2,148,200.00. Following the sale, the chief financial officer now directly owns 536,960 shares in the company, valued at approximately $107,392,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Debora Shoquist sold 23,532 shares of the business’s stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $205.00, for a total transaction of $4,824,060.00. Following the sale, the executive vice president now owns 162,944 shares in the company, valued at $33,403,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 10,741 shares of the business’s stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $200.00, for a total transaction of $2,148,200.00. Following the sale, the chief financial officer now owns 536,960 shares in the company, valued at approximately $107,392,000. The disclosure for this sale can be found here. Insiders have sold 262,060 shares of company stock worth $43,817,257 in the last ninety days. 4.04{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On NVIDIA
A number of large investors have recently made changes to their positions in the company. AJ Wealth Strategies LLC raised its holdings in shares of NVIDIA by 1.7{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} during the first quarter. AJ Wealth Strategies LLC now owns 4,238 shares of the computer hardware maker’s stock valued at $1,156,000 after acquiring an additional 70 shares during the period. Lake Point Wealth Management increased its stake in NVIDIA by 16.4{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the 1st quarter. Lake Point Wealth Management now owns 540 shares of the computer hardware maker’s stock valued at $147,000 after buying an additional 76 shares during the period. Douglass Winthrop Advisors LLC increased its stake in NVIDIA by 1.3{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the 1st quarter. Douglass Winthrop Advisors LLC now owns 7,567 shares of the computer hardware maker’s stock valued at $2,065,000 after buying an additional 95 shares during the period. HBC Financial Services PLLC increased its stake in NVIDIA by 50.0{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the 2nd quarter. HBC Financial Services PLLC now owns 300 shares of the computer hardware maker’s stock valued at $47,000 after buying an additional 100 shares during the period. Finally, Interchange Capital Partners LLC increased its stake in NVIDIA by 11.1{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the 1st quarter. Interchange Capital Partners LLC now owns 1,027 shares of the computer hardware maker’s stock valued at $280,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 61.80{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} of the company’s stock.
NVIDIA Company Profile
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, 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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