NVIDIA Co. (NASDAQ:NVDA - Free Report) - Equities researchers at Zacks Research lifted their FY2027 earnings estimates for NVIDIA in a note issued to investors on Monday, April 29th. Zacks Research analyst A. Bhagat now anticipates that the computer hardware maker will earn $27.79 per share for the year, up from their previous estimate of $27.74. The consensus estimate for NVIDIA's current full-year earnings is $22.55 per share.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same period last year, the company posted $0.65 earnings per share. NVIDIA's revenue was up 265.3% compared to the same quarter last year.
A number of other equities analysts also recently issued reports on the company. Wedbush reaffirmed an "outperform" rating and set a $1,000.00 price target on shares of NVIDIA in a research report on Tuesday, March 19th. Citigroup boosted their price target on NVIDIA from $820.00 to $1,030.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. CICC Research assumed coverage on shares of NVIDIA in a research report on Wednesday, March 6th. They issued an "outperform" rating and a $870.00 price objective for the company. Sanford C. Bernstein raised their price target on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an "outperform" rating in a report on Thursday, February 22nd. Finally, Tigress Financial boosted their price objective on shares of NVIDIA from $790.00 to $985.00 and gave the company a "buy" rating in a report on Thursday, February 29th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $941.55.
Read Our Latest Research Report on NVIDIA
NVIDIA Stock Down 3.9 %
Shares of NASDAQ:NVDA traded down $33.61 during trading on Wednesday, reaching $830.41. The stock had a trading volume of 55,702,824 shares, compared to its average volume of 51,862,531. NVIDIA has a one year low of $272.40 and a one year high of $974.00. The firm's 50-day simple moving average is $863.93 and its 200 day simple moving average is $644.83. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2.08 trillion, a P/E ratio of 69.55, a PEG ratio of 1.26 and a beta of 1.73.
NVIDIA Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA's dividend payout ratio is presently 1.34%.
Insider Transactions at NVIDIA
In related news, Director Mark A. Stevens sold 10,000 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now directly owns 1,124,583 shares of the company's stock, valued at approximately $896,933,663.31. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the sale, the director now directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 10,000 shares of the company's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares of the company's stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of NVDA. Precision Wealth Strategies LLC lifted its position in NVIDIA by 7.8% in the first quarter. Precision Wealth Strategies LLC now owns 2,148 shares of the computer hardware maker's stock worth $1,941,000 after purchasing an additional 156 shares during the period. Intelligence Driven Advisers LLC lifted its holdings in NVIDIA by 10.9% in the 1st quarter. Intelligence Driven Advisers LLC now owns 507 shares of the computer hardware maker's stock valued at $458,000 after acquiring an additional 50 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of NVIDIA by 16.8% in the 1st quarter. Blue Trust Inc. now owns 7,628 shares of the computer hardware maker's stock worth $6,892,000 after purchasing an additional 1,095 shares in the last quarter. Source Financial Advisors LLC lifted its stake in NVIDIA by 1.5% during the first quarter. Source Financial Advisors LLC now owns 1,941 shares of the computer hardware maker's stock valued at $1,753,000 after purchasing an additional 28 shares during the last quarter. Finally, Ballast Advisors LLC boosted its holdings in NVIDIA by 2.7% during the first quarter. Ballast Advisors LLC now owns 3,761 shares of the computer hardware maker's stock worth $3,398,000 after buying an additional 98 shares in the last quarter. Institutional investors own 65.27% of the company's stock.
About NVIDIA
(
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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.
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