NVIDIA (NASDAQ:NVDA) issued its quarterly earnings data on Thursday. The computer hardware maker reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.22, RTT News reports. NVIDIA had a return on equity of 22.02% and a net margin of 24.08%. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period in the prior year, the firm posted $0.80 EPS. NVIDIA updated its Q1 2021
After-Hours guidance to EPS.
Shares of NVDA stock traded up $19.01 on Friday, hitting $289.79. 26,030,581 shares of the company’s stock were exchanged, compared to its average volume of 8,377,557. The company has a debt-to-equity ratio of 0.22, a current ratio of 8.42 and a quick ratio of 7.71. NVIDIA has a 12 month low of $132.60 and a 12 month high of $294.97. The stock has a market cap of $177.54 billion, a P/E ratio of 74.12, a price-to-earnings-growth ratio of 3.88 and a beta of 2.04. The company has a 50 day moving average of $245.31 and a 200 day moving average of $203.66.
A number of brokerages have commented on NVDA. Citigroup upped their price objective on NVIDIA from $245.00 to $315.00 and gave the company an “outperform” rating in a report on Friday. Oppenheimer upped their price objective on NVIDIA from $250.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday. Bank of America upped their price objective on NVIDIA from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, January 10th. Craig Hallum upped their price objective on NVIDIA from $300.00 to $325.00 and gave the company a “buy” rating in a report on Friday. Finally, ValuEngine lowered NVIDIA from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $255.75.
In related news, Director Dawn E. Hudson sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $201.87, for a total transaction of $403,740.00. Following the completion of the sale, the director now directly owns 33,037 shares in the company, valued at approximately $6,669,179.19. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director A Brooke Seawell sold 629 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $220.50, for a total value of $138,694.50. Following the sale, the director now owns 1,592 shares of the company’s stock, valued at $351,036. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,785 shares of company stock valued at $11,454,424. 4.64% of the stock is owned by corporate insiders.
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.
Further Reading: Buy-Side Analysts
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