NVIDIA (NVDA) to Release Quarterly Earnings on Wednesday

NVIDIA (NASDAQ:NVDA) is anticipated to release its earnings data 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. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

NVIDIA Stock Performance

Shares of NVDA stock opened at $134.35 on Monday. The stock has a market capitalization of $3.29 trillion, a PE ratio of 52.87, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. NVIDIA has a 52-week low of $74.22 and a 52-week high of $153.13. The stock’s 50-day moving average price is $134.66 and its 200 day moving average price is $131.56. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

Insider Activity

In other news, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now directly owns 3,351,572 shares in the company, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the sale, the insider now owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,107,632 shares of company stock worth $146,405,286 over the last ninety days. Corporate 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 lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 30.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,658 shares of the computer hardware maker’s stock after purchasing an additional 11,900 shares during the period. NVIDIA comprises about 2.5% of Hudson Value Partners LLC’s investment portfolio, making the stock its 9th biggest 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price target on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Piper Sandler upped their target price on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Robert W. Baird upped their target price on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Tigress Financial raised NVIDIA from a “buy” rating to a “strong-buy” rating and upped their target price for the company from $170.00 to $220.00 in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company upped their target price on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Four investment 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. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $168.21.

About NVIDIA

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.