NVIDIA (NVDA) to Release Quarterly Earnings on Wednesday

NVIDIA (NASDAQ:NVDA) is expected to announce its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.84 per share and revenue of $38.11 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 EPS. On average, analysts expect NVIDIA to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $139.40 on Wednesday. The stock has a market capitalization of $3.41 trillion, a P/E ratio of 54.86, a P/E/G ratio of 1.62 and a beta of 1.62. NVIDIA has a 1-year low of $66.25 and a 1-year high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $134.52 and a two-hundred day moving average price of $130.56.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NVDA shares. Robert W. Baird boosted their price objective on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Morgan Stanley lowered their price target on NVIDIA from $166.00 to $152.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Raymond James upped their price target on NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 14th. DA Davidson upped their price target on NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $168.21.

Insider Transactions at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 716 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now owns 19,942 shares in the company, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock worth $146,506,958 in the last 90 days. Corporate insiders own 4.23% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A hedge fund recently raised its stake in NVIDIA stock. Hudson Value Partners LLC grew its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 30.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,658 shares of the computer hardware maker’s stock after buying an additional 11,900 shares during the period. NVIDIA makes up 2.5% of Hudson Value Partners LLC’s holdings, making the stock its 9th biggest position. Hudson Value Partners LLC’s holdings in NVIDIA were worth $6,805,000 at the end of the most recent quarter. 65.27% of the stock is owned by institutional investors.

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.