NVIDIA Corporation (NASDAQ:NVDA) – Investment analysts at B. Riley lifted their Q4 2018 earnings per share estimates for shares of NVIDIA Corporation in a research report issued on Friday. B. Riley analyst C. Ellis now forecasts that the computer hardware maker will post earnings per share of $1.14 for the quarter, up from their previous forecast of $0.98. B. Riley currently has a “Buy” rating and a $250.00 target price on the stock. B. Riley also issued estimates for NVIDIA Corporation’s Q1 2019 earnings at $0.91 EPS, Q2 2019 earnings at $1.03 EPS, Q3 2019 earnings at $1.27 EPS and Q4 2019 earnings at $1.43 EPS.
Several other equities analysts have also recently weighed in on NVDA. Canaccord Genuity reaffirmed a “buy” rating and issued a $155.00 price target on shares of NVIDIA Corporation in a research report on Monday, July 17th. Mizuho reissued a “buy” rating and set a $170.00 target price on shares of NVIDIA Corporation in a research report on Friday, July 21st. Summit Redstone reissued a “buy” rating on shares of NVIDIA Corporation in a research report on Saturday, July 22nd. BidaskClub raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Finally, Bank of America Corporation reissued a “buy” rating on shares of NVIDIA Corporation in a research report on Monday, August 7th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $185.41.
Shares of NVIDIA Corporation (NASDAQ NVDA) traded up $0.97 during midday trading on Monday, reaching $213.60. 7,733,381 shares of the company traded hands, compared to its average volume of 17,758,639. NVIDIA Corporation has a twelve month low of $83.62 and a twelve month high of $218.67. The company has a market cap of $127,580.00, a PE ratio of 53.24, a price-to-earnings-growth ratio of 5.34 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the firm earned $0.94 EPS. The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. This is an increase from NVIDIA Corporation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA Corporation’s dividend payout ratio is 14.00%.
In other news, CFO Colette Kress sold 22,808 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $185.31, for a total transaction of $4,226,550.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Byron sold 409 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $171.01, for a total transaction of $69,943.09. Following the transaction, the insider now directly owns 136,199 shares of the company’s stock, valued at $23,291,390.99. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 436,503 shares of company stock valued at $78,796,295. Insiders own 5.17% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in NVDA. Welch Investments LLC purchased a new position in shares of NVIDIA Corporation during the third quarter valued at about $104,000. Evercore Wealth Management LLC increased its position in shares of NVIDIA Corporation by 36.9% during the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after buying an additional 206 shares during the period. TB Alternative Assets Ltd. purchased a new position in shares of NVIDIA Corporation during the second quarter valued at about $116,000. Proficio Capital Partners LLC increased its position in shares of NVIDIA Corporation by 186.1% during the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after buying an additional 547 shares during the period. Finally, Thompson Davis & CO. Inc. increased its position in shares of NVIDIA Corporation by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after buying an additional 6 shares during the period. Institutional investors own 65.40% of the company’s stock.
About NVIDIA Corporation
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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