Zacks Research Equities Analysts Increase Earnings Estimates for NVIDIA Co. (NASDAQ:NVDA)

NVIDIA Co. (NASDAQ:NVDAFree Report) – Stock analysts at Zacks Research raised their FY2027 EPS estimates for shares of NVIDIA in a report issued on Monday, April 29th. Zacks Research analyst A. Bhagat now forecasts that the computer hardware maker will earn $27.79 per share for the year, up from their previous estimate of $27.74. The consensus estimate for NVIDIA’s current full-year earnings is $22.55 per share.

Several other equities research analysts have also recently commented on NVDA. DA Davidson boosted their price target on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Raymond James increased their price target on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 11th. Evercore ISI started coverage on shares of NVIDIA in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 price objective for the company. Bank of America upped their price objective on shares of NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, Piper Sandler boosted their price target on NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $941.55.

Check Out Our Latest Stock Analysis on NVIDIA

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $858.17 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA has a one year low of $272.40 and a one year high of $974.00. The business’s 50-day moving average price is $865.39 and its two-hundred day moving average price is $646.31. The company has a market capitalization of $2.15 trillion, a P/E ratio of 71.87, a price-to-earnings-growth ratio of 1.24 and a beta of 1.75.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same period last year, the company posted $0.65 earnings per share.

Hedge Funds Weigh In On NVIDIA

Institutional investors have recently bought and sold shares of the company. Strategic Blueprint LLC boosted its position in NVIDIA by 3.3% during the third quarter. Strategic Blueprint LLC now owns 20,163 shares of the computer hardware maker’s stock worth $8,771,000 after purchasing an additional 642 shares during the period. Caprock Group LLC grew its stake in NVIDIA by 0.6% in the 3rd quarter. Caprock Group LLC now owns 42,557 shares of the computer hardware maker’s stock valued at $18,511,000 after buying an additional 240 shares in the last quarter. Marion Wealth Management grew its stake in NVIDIA by 9.6% in the 3rd quarter. Marion Wealth Management now owns 3,486 shares of the computer hardware maker’s stock valued at $1,516,000 after buying an additional 304 shares in the last quarter. Kessler Investment Group LLC raised its holdings in NVIDIA by 9,922.0% during the 3rd quarter. Kessler Investment Group LLC now owns 4,109 shares of the computer hardware maker’s stock valued at $1,787,000 after acquiring an additional 4,068 shares during the period. Finally, Heritage Wealth Partners LLC lifted its position in shares of NVIDIA by 12.1% during the third quarter. Heritage Wealth Partners LLC now owns 2,347 shares of the computer hardware maker’s stock worth $1,021,000 after acquiring an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,278 shares of company stock worth $52,689,898. Insiders own 3.99% of the company’s stock.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.

NVIDIA Company Profile

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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.

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Earnings History and Estimates for NVIDIA (NASDAQ:NVDA)

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