NVIDIA Corporation (NASDAQ:NVDA) – Equities researchers at Jefferies Group increased their Q4 2018 earnings estimates for NVIDIA Corporation in a note issued to investors on Friday. Jefferies Group analyst M. Lipacis now anticipates that the computer hardware maker will post earnings per share of $1.13 for the quarter, up from their prior estimate of $1.00. Jefferies Group has a “Buy” rating and a $240.00 price objective on the stock. Jefferies Group also issued estimates for NVIDIA Corporation’s Q1 2019 earnings at $0.92 EPS, Q2 2019 earnings at $1.04 EPS, Q3 2019 earnings at $1.24 EPS, Q4 2019 earnings at $1.30 EPS and FY2019 earnings at $4.50 EPS.
Several other equities analysts also recently commented on the company. Bank of America Corporation set a $210.00 target price on NVIDIA Corporation and gave the stock a “buy” rating in a research report on Thursday, October 12th. Canaccord Genuity restated a “buy” rating and set a $190.00 target price on shares of NVIDIA Corporation in a research report on Friday, September 8th. BidaskClub upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Goldman Sachs Group, Inc. (The) raised their target price on NVIDIA Corporation from $193.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, Evercore ISI raised their target price on NVIDIA Corporation from $180.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. NVIDIA Corporation presently has an average rating of “Buy” and a consensus price target of $185.41.
Shares of NVIDIA Corporation (NVDA) traded up $0.97 during mid-day trading on Monday, hitting $213.60. The company’s stock had a trading volume of 7,733,381 shares, compared to its average volume of 17,758,639. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. NVIDIA Corporation has a 52 week low of $83.62 and a 52 week high of $218.67. The company has a market cap of $127,580.00, a P/E ratio of 53.24, a P/E/G ratio of 5.34 and a beta of 1.23.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the company earned $0.94 EPS. The company’s quarterly revenue was up 31.5% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of NVDA. Janus Henderson Group PLC grew its position in shares of NVIDIA Corporation by 5,424.4% in the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after purchasing an additional 4,022,728 shares during the last quarter. Vanguard Group Inc. grew its position in shares of NVIDIA Corporation by 7.1% in the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after purchasing an additional 2,676,976 shares during the last quarter. Jackson Square Partners LLC acquired a new position in shares of NVIDIA Corporation in the second quarter valued at approximately $229,323,000. Janus Capital Management LLC grew its position in shares of NVIDIA Corporation by 20.0% in the first quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock valued at $584,832,000 after purchasing an additional 895,591 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of NVIDIA Corporation by 19.3% in the second quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after purchasing an additional 768,200 shares during the last quarter. 65.40% of the stock is currently owned by institutional investors.
In other NVIDIA Corporation news, insider Jen Hsun Huang sold 110,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $166.08, for a total transaction of $18,268,800.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $170.19, for a total value of $5,105,700.00. Following the transaction, the director now directly owns 16,507 shares in the company, valued at approximately $2,809,326.33. The disclosure for this sale can be found here. In the last three months, insiders have sold 436,503 shares of company stock worth $78,796,295. Company insiders own 5.17% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is an increase from NVIDIA Corporation’s previous quarterly dividend of $0.14. NVIDIA Corporation’s payout ratio is 14.00%.
NVIDIA Corporation Company Profile
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at 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.
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