What is DA Davidson's Forecast for NVIDIA FY2027 Earnings?

NVIDIA Co. (NASDAQ:NVDA - Free Report) - Analysts at DA Davidson lifted their FY2027 EPS estimates for shares of NVIDIA in a report released on Thursday, May 29th. DA Davidson analyst G. Luria now expects that the computer hardware maker will post earnings per share of $4.04 for the year, up from their prior estimate of $3.66. DA Davidson currently has a "Neutral" rating and a $135.00 target price on the stock. The consensus estimate for NVIDIA's current full-year earnings is $2.77 per share.

Several other equities analysts have also commented on NVDA. Raymond James increased their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. Needham & Company LLC reiterated a "buy" rating and set a $160.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. Truist Financial upped their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Finally, Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $171.66.

NVIDIA Stock Up 2.8%

Shares of NASDAQ NVDA traded up $3.84 during midday trading on Monday, hitting $141.22. 224,702,733 shares of the company's stock were exchanged, compared to its average volume of 283,922,265. The firm's fifty day simple moving average is $115.95 and its 200-day simple moving average is $126.21. The company has a market cap of $3.45 trillion, a PE ratio of 55.58, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA has a twelve month low of $86.62 and a twelve month high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same period last year, the firm earned $0.61 earnings per share. The firm's quarterly revenue was up 69.2% on a year-over-year basis.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.

Insider Buying and Selling

In other news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.17% of the stock is owned by insiders.

Institutional Investors Weigh In On NVIDIA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tacita Capital Inc purchased a new stake in NVIDIA during the 4th quarter worth about $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA during the fourth quarter worth approximately $40,000. Copia Wealth Management purchased a new stake in NVIDIA in the 4th quarter worth approximately $50,000. Finally, LSV Asset Management purchased a new stake in NVIDIA in the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.