NVIDIA (NVDA) Projected to Post Earnings on Wednesday

NVIDIA (NASDAQ:NVDA) will likely be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect NVIDIA to post earnings of $0.84 per share and revenue of $38.15 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

NVIDIA Trading Down 3.1 %

NASDAQ:NVDA opened at $130.28 on Tuesday. The stock has a 50-day simple moving average of $134.63 and a 200-day simple moving average of $131.74. The stock has a market cap of $3.19 trillion, a P/E ratio of 51.27, a P/E/G ratio of 1.76 and a beta of 1.62. NVIDIA has a 1 year low of $75.61 and a 1 year high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

Analyst Ratings Changes

NVDA has been the subject of a number of research analyst reports. Oppenheimer reissued an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. The Goldman Sachs Group upped their target price on NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Needham & Company LLC upped their target price on NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Rosenblatt Securities reissued a “buy” rating and issued a $220.00 target price on shares of NVIDIA in a research report on Monday. Finally, Morgan Stanley decreased their target price on NVIDIA from $166.00 to $152.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.21.

Insider Buying and Selling at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,107,632 shares of company stock worth $146,405,286 over the last ninety days. Company insiders own 4.23% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

A hedge fund recently raised its stake in NVIDIA stock. Hudson Value Partners LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 30.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,658 shares of the computer hardware maker’s stock after purchasing an additional 11,900 shares during the period. NVIDIA makes up about 2.5% of Hudson Value Partners LLC’s portfolio, making the stock its 9th largest holding. Hudson Value Partners LLC’s holdings in NVIDIA were worth $6,805,000 at the end of the most recent reporting period. 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.