NVIDIA Co. (NASDAQ:NVDA) – Equities researchers at SunTrust Banks reduced their Q4 2020 EPS estimates for NVIDIA in a research report issued on Thursday, May 16th. SunTrust Banks analyst W. Stein now expects that the computer hardware maker will post earnings of $1.77 per share for the quarter, down from their prior forecast of $1.88. SunTrust Banks currently has a “Buy” rating and a $210.00 price target on the stock. SunTrust Banks also issued estimates for NVIDIA’s Q1 2021 earnings at $1.44 EPS.
Other equities analysts also recently issued reports about the stock. BidaskClub raised shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Nomura began coverage on shares of NVIDIA in a report on Tuesday, April 2nd. They set a “neutral” rating and a $147.00 price target for the company. Stifel Nicolaus cut their price target on shares of NVIDIA from $150.00 to $145.00 and set a “hold” rating for the company in a report on Tuesday, May 14th. UBS Group cut their price target on shares of NVIDIA from $210.00 to $195.00 and set a “buy” rating for the company in a report on Friday, May 17th. Finally, Wells Fargo & Co boosted their target price on shares of NVIDIA from $170.00 to $190.00 and gave the stock a “positive” rating in a research note on Tuesday, March 19th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. NVIDIA currently has an average rating of “Hold” and a consensus target price of $198.93.
Shares of NVDA stock opened at $155.06 on Monday. NVIDIA has a 12-month low of $124.46 and a 12-month high of $292.76. The stock has a market cap of $95.25 billion, a P/E ratio of 25.55, a PEG ratio of 3.84 and a beta of 1.85. The company has a quick ratio of 6.76, a current ratio of 7.94 and a debt-to-equity ratio of 0.21.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.07. NVIDIA had a net margin of 30.68% and a return on equity of 31.69%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the firm posted $2.05 EPS. The firm’s quarterly revenue was down 30.8% on a year-over-year basis.
Several institutional investors and hedge funds have recently bought and sold shares of NVDA. Harvest Group Wealth Management LLC acquired a new position in NVIDIA during the first quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new position in shares of NVIDIA in the first quarter valued at approximately $33,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of NVIDIA by 181.2% in the first quarter. Creative Financial Designs Inc. ADV now owns 194 shares of the computer hardware maker’s stock valued at $35,000 after buying an additional 125 shares during the period. TD Capital Management LLC acquired a new position in shares of NVIDIA in the fourth quarter valued at approximately $27,000. Finally, Paragon Capital Management LLC acquired a new position in shares of NVIDIA in the first quarter valued at approximately $36,000. 70.03% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Debora Shoquist sold 5,823 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the completion of the sale, the executive vice president now directly owns 171,783 shares of the company’s stock, valued at $31,779,855. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 14,092 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $183.33, for a total transaction of $2,583,486.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,029 shares of company stock valued at $3,678,385. 4.64% of the stock is currently owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 31st will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Thursday, May 30th. NVIDIA’s dividend payout ratio (DPR) is 10.54%.
NVIDIA Company Profile
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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