Stock analysts predict that NVIDIA Co. (NASDAQ: NVDA) will bring in $ 7.42 billion in sales for the current fiscal quarter, according to Zacks. Nine analysts have released earnings estimates for NVIDIA. The highest sales estimate is $ 7.55 billion and the lowest is $ 7.40 billion. NVIDIA reported $ 5.00 billion in revenue in the same quarter last year, suggesting a positive growth rate of 48.4% year-over-year. The company is expected to announce its next quarterly earnings report on Wednesday, February 23.
On average, analysts expect NVIDIA to report annual revenue of $ 26.69 billion for the current fiscal year, with estimates ranging from $ 26.67 billion to $ 26.82 billion. dollars. For next year, analysts predict the company will post sales of $ 31.41 billion, with estimates ranging from $ 28.66 billion to $ 33.03 billion. Zacks Investment Research sales averages are an average based on a survey of seller-side research companies that cover NVIDIA.
NVIDIA (NASDAQ: NVDA) last reported its quarterly results on Wednesday, November 17. The computer hardware maker reported earnings per share (EPS) of $ 1.17 for the quarter, beating Zacks’ consensus estimate of $ 1.11 by $ 0.06. NVIDIA has a return on equity of 41.79% and a net margin of 33.81%. The company posted revenue of $ 7.10 billion for the quarter, compared to a consensus estimate of $ 6.83 billion. During the same period last year, the company posted $ 0.60 in EPS.
Several stock analysts recently published reports on the company. KeyCorp raised its price target on NVIDIA from $ 260.00 to $ 350.00 and rated the company as “overweight” in a report released Thursday, November 18. BMO Capital Markets raised its price target on NVIDIA from $ 250.00 to $ 375.00 in a report released on Monday, November 22. Truist lowered its target price on NVIDIA from $ 389.00 to $ 350.00 and set a “buy” rating for the company in a report released on Thursday, January 6. Tigress Financial reaffirmed a “buy” note and issued a price target of $ 400.00 (vs. $ 230.00) on NVIDIA shares in a research report on Thursday, December 2. Finally, Truist Securities lowered its price target on NVIDIA from $ 389.00 to $ 350.00 and set a “buy” rating for the company in a research report on Thursday, January 6. Three investment analysts rated the stock with a conservation rating, twenty-nine issued a buy rating and one assigned a high buy rating to the stock. According to MarketBeat.com, NVIDIA currently has an average rating of “Buy” and an average target price of $ 326.63.
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Meanwhile, CEO Jen Hsun Huang sold 440,000 shares of the company in a transaction that took place on Monday, January 3. The shares were sold at an average price of $ 302.17, for a total trade of $ 132,954,800.00. The sale was disclosed in a file with the Securities & Exchange Commission, which is available on the SEC website. Additionally, director Persis Drell sold 10,000 NVIDIA shares in a trade on Friday, November 19. The shares were sold at an average price of $ 326.65, for a total trade of $ 3,266,500.00. Disclosure of this sale can be found here. Insiders sold 990,012 shares of the company valued at $ 312,681,810 in the past 90 days. 4.23% of the shares are currently held by insiders.
Several hedge funds and other institutional investors have recently changed their holdings in the company. Patton Albertson Miller Group LLC increased its stake in NVIDIA shares by 276.7% in the third quarter. Patton Albertson Miller Group LLC now owns 39,351 shares of the computer hardware maker valued at $ 8,152,000 after acquiring an additional 28,905 shares in the last quarter. Bbva USA increased its stake in NVIDIA by 282.2% in the third quarter. Bbva USA now owns 104,204 shares of the computer hardware maker valued at $ 21,587,000 after acquiring an additional 76,940 shares during the period. Hartline Investment Corp increased its stake in NVIDIA by 295.0% in the third quarter. Hartline Investment Corp now owns 243,631 shares of the hardware maker valued at $ 50,471,000 after acquiring an additional 181,955 shares during the period. Valeo Financial Advisors LLC increased its stake in NVIDIA shares by 396.2% in the third quarter. Valeo Financial Advisors LLC now owns 19,540 shares of the computer hardware maker valued at $ 4,048,000 after purchasing an additional 15,602 shares during the period. Finally, the NO engine. 1 LLC purchased a new position in NVIDIA shares in the second quarter valued at approximately $ 1,587,000. 19.24% of the shares are held by institutional investors.
NVIDIA stock opened at $ 278.17 on Wednesday. The company has a debt to equity ratio of 0.46, a rapid ratio of 6.53 and a current ratio of 7.14. The company’s 50-day simple moving average is $ 300.59 and its two-hundred-day simple moving average is $ 242.56. The company has a market cap of $ 695.43 billion, a PE ratio of 85.72, a PEG ratio of 4.24 and a beta of 1.32. NVIDIA has a 52-week low of $ 115.67 and a 52-week high of $ 346.47.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 23. Shareholders of record on Thursday, December 2 received a dividend of $ 0.04. The ex-dividend date was Wednesday December 1. This represents an annualized dividend of $ 0.16 and a dividend yield of 0.06%. NVIDIA’s dividend payout ratio is currently 4.93%.
NVIDIA Company Profile
NVIDIA Corp. is engaged in the design and manufacture of computer graphics processors, chipsets and associated multimedia software. It operates through the following segments: graphics processing unit (GPU), Tegra processor and all others. The GPU segment includes product brands, which target specialty markets, including GeForce for gamers; Quadro for creators; Tesla and DGX for AI data scientists and big data researchers; and GRID for users of cloud-based visual computing.
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