Wall Street brokerages predict that NVIDIA Co. (NASDAQ:NVDA) will report sales of $2.55 billion for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have made estimates for NVIDIA’s earnings. The lowest sales estimate is $2.51 billion and the highest is $2.55 billion. NVIDIA posted sales of $3.12 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 18.3%. The business is scheduled to issue its next earnings results after the market closes on Thursday, August 15th.
On average, analysts expect that NVIDIA will report full-year sales of $10.88 billion for the current year, with estimates ranging from $10.55 billion to $11.10 billion. For the next fiscal year, analysts expect that the business will post sales of $13.23 billion, with estimates ranging from $11.98 billion to $14.40 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow NVIDIA.
NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.07. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.20 billion. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The business’s revenue was down 30.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 EPS.
A number of research analysts have recently commented on NVDA shares. UBS Group set a $25.00 price objective on shares of Macy’s and gave the company a “hold” rating in a research report on Friday, May 17th. Piper Jaffray Companies assumed coverage on shares of NVIDIA in a research report on Tuesday, March 26th. They set an “overweight” rating and a $200.00 target price for the company. DZ Bank downgraded shares of NVIDIA to a “sell” rating and set a $170.00 price target on the stock. in a report on Friday, April 12th. Cascend Securities raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Thursday, July 11th. Finally, Sanford C. Bernstein set a $150.00 price target on shares of NVIDIA and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-six have assigned a buy rating to the stock. NVIDIA currently has a consensus rating of “Buy” and a consensus price target of $194.34.
In other news, Director Persis Drell sold 2,500 shares of NVIDIA stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $166.80, for a total value of $417,000.00. Following the completion of the transaction, the director now owns 20,684 shares of the company’s stock, valued at approximately $3,450,091.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 2,236 shares of NVIDIA stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $164.01, for a total transaction of $366,726.36. Following the completion of the transaction, the chief financial officer now directly owns 239,710 shares of the company’s stock, valued at approximately $39,314,837.10. The disclosure for this sale can be found here. In the last three months, insiders sold 104,736 shares of company stock valued at $15,293,726. Insiders own 4.64% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bay Harbor Wealth Management LLC boosted its holdings in shares of NVIDIA by 41.4% during the 1st quarter. Bay Harbor Wealth Management LLC now owns 205 shares of the computer hardware maker’s stock worth $37,000 after buying an additional 60 shares during the period. LS Investment Advisors LLC raised its stake in NVIDIA by 0.5% in the 1st quarter. LS Investment Advisors LLC now owns 11,952 shares of the computer hardware maker’s stock worth $2,146,000 after purchasing an additional 62 shares in the last quarter. McIlrath & Eck LLC raised its stake in NVIDIA by 14.5% in the 1st quarter. McIlrath & Eck LLC now owns 496 shares of the computer hardware maker’s stock worth $89,000 after purchasing an additional 63 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in NVIDIA by 19.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 393 shares of the computer hardware maker’s stock worth $71,000 after purchasing an additional 65 shares in the last quarter. Finally, Sky Investment Group LLC raised its stake in NVIDIA by 0.9% in the 1st quarter. Sky Investment Group LLC now owns 7,160 shares of the computer hardware maker’s stock worth $1,286,000 after purchasing an additional 67 shares in the last quarter. 67.39% of the stock is owned by institutional investors.
NASDAQ NVDA traded down $1.74 on Friday, reaching $168.44. The company’s stock had a trading volume of 8,587,277 shares, compared to its average volume of 9,931,920. NVIDIA has a 52 week low of $124.46 and a 52 week high of $292.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.78 and a current ratio of 8.98. The company’s 50-day moving average price is $154.74. The stock has a market capitalization of $102.58 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 4.31 and a beta of 2.09.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, May 31st were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Thursday, May 30th. NVIDIA’s dividend payout ratio (DPR) is currently 10.54%.
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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