NVIDIA Co. (NASDAQ:NVDA) – Equities research analysts at Piper Jaffray Companies issued their Q1 2020 earnings estimates for shares of NVIDIA in a note issued to investors on Tuesday, March 26th, according to Zacks Investment Research. Piper Jaffray Companies analyst H. Kumar expects that the computer hardware maker will earn $0.60 per share for the quarter. Piper Jaffray Companies currently has a “Overweight” rating and a $200.00 target price on the stock. Piper Jaffray Companies also issued estimates for NVIDIA’s Q2 2020 earnings at $0.79 EPS, Q3 2020 earnings at $1.25 EPS, Q4 2020 earnings at $1.67 EPS and FY2020 earnings at $4.31 EPS.
Several other research analysts also recently weighed in on NVDA. BidaskClub downgraded NVIDIA from a “hold” rating to a “sell” rating in a research note on Thursday, December 27th. Royal Bank of Canada dropped their price target on NVIDIA from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, December 27th. Credit Suisse Group restated an “outperform” rating on shares of NVIDIA in a research note on Wednesday, January 9th. Oppenheimer restated an “outperform” rating and issued a $250.00 price target on shares of NVIDIA in a research note on Wednesday, January 9th. Finally, Evercore ISI dropped their price target on NVIDIA from $325.00 to $275.00 and set an “outperform” rating for the company in a research note on Monday, January 14th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $204.46.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.27. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The firm’s revenue was down 24.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.72 EPS.
A number of large investors have recently added to or reduced their stakes in the stock. TD Capital Management LLC purchased a new stake in NVIDIA in the fourth quarter worth $27,000. Capital Financial Planning LLC purchased a new stake in NVIDIA in the fourth quarter worth $28,000. Clarfeld Financial Advisors LLC purchased a new stake in NVIDIA in the fourth quarter worth $29,000. Trust Department MB Financial Bank N A purchased a new stake in NVIDIA in the fourth quarter worth $31,000. Finally, Truvestments Capital LLC purchased a new stake in NVIDIA in the first quarter worth $33,000. Institutional investors own 69.81% of the company’s stock.
In related news, EVP Debora Shoquist sold 5,823 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the sale, the executive vice president now owns 171,783 shares in the company, valued at approximately $31,779,855. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 14,092 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $183.33, for a total value of $2,583,486.36. The disclosure for this sale can be found here. Insiders have sold a total of 20,029 shares of company stock worth $3,678,385 in the last 90 days. 4.64% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.34%. NVIDIA’s payout ratio is presently 10.54%.
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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