NVIDIA (NVDA) Scheduled to Post Earnings on Wednesday

NVIDIA (NASDAQ:NVDA – Get Rating) will post its quarterly earnings results after the market closes on Wednesday, May 24th. Analysts expect NVIDIA to post earnings of $0.92 per share for the quarter. NVIDIA has set its Q1 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

NVIDIA (NASDAQ:NVDA – Get Rating) last posted its quarterly earnings results on Wednesday, February 22nd. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $6.02 billion. NVIDIA had a net margin of 16.19% and a return on equity of 26.61%. The firm’s revenue was down 20.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 earnings per share. On average, analysts expect NVIDIA to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

NVIDIA Price Performance

NASDAQ NVDA opened at $292.13 on Wednesday. The company has a 50 day simple moving average of $269.29 and a 200-day simple moving average of $210.40. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.52 and a quick ratio of 2.73. The firm has a market capitalization of $722.48 billion, a price-to-earnings ratio of 167.89, a price-to-earnings-growth ratio of 5.13 and a beta of 1.77. NVIDIA has a 52-week low of $108.13 and a 52-week high of $298.70.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 8th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.05%. The ex-dividend date of this dividend was Tuesday, March 7th. NVIDIA’s dividend payout ratio (DPR) is 9.20%.

Insiders Place Their Bets

In other news, Director Dawn E. Hudson sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $274.55, for a total value of $1,372,750.00. Following the completion of the sale, the director now directly owns 85,350 shares of the company’s stock, valued at approximately $23,432,842.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Dawn E. Hudson sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $274.55, for a total value of $1,372,750.00. Following the completion of the sale, the director now directly owns 85,350 shares of the company’s stock, valued at approximately $23,432,842.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 6,000 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $229.29, for a total value of $1,375,740.00. Following the completion of the sale, the chief financial officer now directly owns 561,401 shares of the company’s stock, valued at $128,723,635.29. The disclosure for this sale can be found here. In the last three months, insiders sold 38,500 shares of company stock valued at $9,203,890. 3.99% of the stock is currently owned by insiders.

Institutional Trading of NVIDIA

Large investors have recently bought and sold shares of the business. Quarry LP bought a new stake in NVIDIA during the 1st quarter worth approximately $34,000. Castleview Partners LLC boosted its position in NVIDIA by 104.8% during the 1st quarter. Castleview Partners LLC now owns 172 shares of the computer hardware maker’s stock worth $48,000 after acquiring an additional 88 shares during the last quarter. Compass Wealth Management LLC acquired a new position in NVIDIA during the 4th quarter worth approximately $39,000. HBC Financial Services PLLC boosted its position in NVIDIA by 50.0% during the 2nd quarter. HBC Financial Services PLLC now owns 300 shares of the computer hardware maker’s stock worth $47,000 after acquiring an additional 100 shares during the last quarter. Finally, True Wealth Design LLC acquired a new position in NVIDIA during the 4th quarter worth approximately $62,000. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of NVIDIA from $200.00 to $220.00 and gave the stock a “hold” rating in a research report on Wednesday, March 22nd. Barclays lifted their target price on shares of NVIDIA from $250.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, February 23rd. Stifel Nicolaus lifted their target price on shares of NVIDIA from $175.00 to $207.00 and gave the company a “hold” rating in a research note on Tuesday, February 21st. Credit Suisse Group set a $275.00 target price on shares of NVIDIA in a research note on Wednesday, March 22nd. Finally, UBS Group set a $270.00 target price on shares of NVIDIA in a research note on Monday, March 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $269.66.

About NVIDIA

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, 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.