NVIDIA Co. (NASDAQ:NVDA – Free Report) – Equities research analysts at William Blair dropped their FY2027 earnings per share estimates for NVIDIA in a research note issued on Thursday, March 20th. William Blair analyst S. Naji now forecasts that the computer hardware maker will post earnings per share of $5.29 for the year, down from their previous forecast of $5.40. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for NVIDIA’s current full-year earnings is $2.77 per share.
Several other research firms have also recently weighed in on NVDA. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Summit Insights lowered NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Bank of America reissued a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. HSBC lowered their target price on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $171.51.
NVIDIA Stock Performance
NASDAQ NVDA opened at $121.41 on Monday. NVIDIA has a fifty-two week low of $75.61 and a fifty-two week high of $153.13. The firm has a market capitalization of $2.96 trillion, a P/E ratio of 47.78, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The stock’s fifty day moving average is $126.68 and its two-hundred day moving average is $131.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of NVDA. Avant Financial Advisors LLC bought a new position in NVIDIA in the fourth quarter worth about $536,000. Fire Capital Management LLC acquired a new stake in NVIDIA in the fourth quarter worth $13,937,000. Mascagni Wealth Management Inc. bought a new stake in NVIDIA in the fourth quarter valued at $3,520,000. Prostatis Group LLC grew its position in shares of NVIDIA by 5.2% during the fourth quarter. Prostatis Group LLC now owns 26,004 shares of the computer hardware maker’s stock worth $3,492,000 after acquiring an additional 1,294 shares during the last quarter. Finally, Fairtree Asset Management Pty Ltd bought a new position in shares of NVIDIA in the fourth quarter worth $639,000. Institutional investors own 65.27% of the company’s stock.
Insider Buying and Selling at NVIDIA
In other NVIDIA news, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares of the company’s stock, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 179,109 shares of company stock valued at $22,117,015 over the last three months. 4.23% of the stock is owned by company insiders.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.36%.
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.
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