DA Davidson Issues Pessimistic Forecast for NVIDIA Earnings

NVIDIA Co. (NASDAQ:NVDA) – Stock analysts at DA Davidson dropped their FY2027 earnings per share (EPS) estimates for NVIDIA in a research note issued on Tuesday, April 15th. DA Davidson analyst G. Luria now anticipates that the computer hardware maker will post earnings per share of $3.66 for the year, down from their prior forecast of $3.80. DA Davidson currently has a “Neutral” rating and a $120.00 price target on the stock. The consensus estimate for NVIDIA’s current full-year earnings is $2.77 per share.

NVDA has been the subject of several other research reports. Tigress Financial restated a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Piper Sandler reduced their price objective on shares of NVIDIA from $175.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday. Raymond James reiterated a “strong-buy” rating on shares of NVIDIA in a research report on Wednesday. KeyCorp set a $190.00 price target on NVIDIA in a report on Wednesday, March 19th. Finally, Stifel Nicolaus set a $180.00 price target on NVIDIA in a research note on Wednesday, March 19th. Six research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.64.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $104.49 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market cap of $2.55 trillion, a price-to-earnings ratio of 41.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The firm’s fifty day moving average price is $117.83 and its 200 day moving average price is $130.03. NVIDIA has a 1-year low of $75.61 and a 1-year high of $195.95.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.

Insider Buying and Selling at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares of the company’s stock, valued at $28,993,071.56. The trade was a 17.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 in the last 90 days. 4.23% of the stock is owned by company insiders.

Hedge Funds Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently modified their holdings of the company. DiNuzzo Private Wealth Inc. grew its stake in NVIDIA by 0.8% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock worth $1,157,000 after buying an additional 71 shares during the period. Smart Portfolios LLC boosted its position in NVIDIA by 2.7% during the 3rd quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker’s stock worth $341,000 after purchasing an additional 75 shares during the period. Palisade Asset Management LLC increased its holdings in NVIDIA by 0.5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock valued at $1,866,000 after purchasing an additional 75 shares in the last quarter. Baker Boyer National Bank raised its position in NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock valued at $323,000 after purchasing an additional 76 shares during the period. Finally, Kwmg LLC raised its position in NVIDIA by 0.6% in the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker’s stock valued at $1,755,000 after purchasing an additional 77 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Company Profile

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.