Jefferies Group Brokers Lift Earnings Estimates for NVIDIA Corporation (NVDA)

NVIDIA Corporation (NASDAQ:NVDA) – Investment analysts at Jefferies Group upped their Q4 2018 earnings per share (EPS) estimates for shares of NVIDIA Corporation in a report issued on Friday. Jefferies Group analyst M. Lipacis now expects that the computer hardware maker will earn $1.13 per share for the quarter, up from their previous forecast of $1.00. Jefferies Group currently has a “Buy” rating and a $240.00 target price on the stock. Jefferies Group also issued estimates for NVIDIA Corporation’s Q1 2019 earnings at $0.92 EPS, Q2 2019 earnings at $1.04 EPS, Q3 2019 earnings at $1.24 EPS, Q4 2019 earnings at $1.30 EPS and FY2019 earnings at $4.50 EPS.

NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the firm earned $0.94 EPS. NVIDIA Corporation’s revenue for the quarter was up 31.5% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: “Jefferies Group Brokers Lift Earnings Estimates for NVIDIA Corporation (NVDA)” was originally published by Markets Daily and is the property of of Markets Daily. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.themarketsdaily.com/2017/11/15/jefferies-group-brokers-lift-earnings-estimates-for-nvidia-corporation-nvda.html.

Other equities research analysts have also issued research reports about the company. Vetr upgraded NVIDIA Corporation from a “hold” rating to a “buy” rating and set a $176.95 price target for the company in a research note on Wednesday, September 6th. Needham & Company LLC reiterated a “buy” rating on shares of NVIDIA Corporation in a research note on Friday, August 11th. Citigroup Inc. reiterated a “buy” rating and issued a $210.00 price target (up previously from $185.00) on shares of NVIDIA Corporation in a research note on Friday, September 29th. Bank of America Corporation set a $210.00 price target on NVIDIA Corporation and gave the stock a “buy” rating in a research note on Thursday, October 12th. Finally, Loop Capital reiterated a “buy” rating and issued a $181.00 price target on shares of NVIDIA Corporation in a research note on Tuesday, August 22nd. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. NVIDIA Corporation has an average rating of “Buy” and a consensus price target of $185.93.

Shares of NVIDIA Corporation (NASDAQ:NVDA) traded down $3.55 during trading on Monday, reaching $210.63. The company had a trading volume of 10,115,836 shares, compared to its average volume of 17,738,049. NVIDIA Corporation has a one year low of $83.93 and a one year high of $218.67. The company has a market cap of $126,280.00, a PE ratio of 52.37, a P/E/G ratio of 4.74 and a beta of 1.23. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of NVIDIA Corporation by 7.1% during the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after buying an additional 2,676,976 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of NVIDIA Corporation by 8.8% during the second quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock valued at $827,110,000 after buying an additional 463,306 shares during the last quarter. Janus Capital Management LLC grew its holdings in shares of NVIDIA Corporation by 20.0% during the first quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock valued at $584,832,000 after buying an additional 895,591 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of NVIDIA Corporation by 19.3% during the second quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after buying an additional 768,200 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of NVIDIA Corporation by 5,424.4% during the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after buying an additional 4,022,728 shares during the last quarter. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director A Brooke Seawell sold 30,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the sale, the director now directly owns 16,507 shares of the company’s stock, valued at $2,809,326.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dawn E. Hudson sold 15,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $213.44, for a total transaction of $3,201,600.00. Following the sale, the director now directly owns 46,868 shares in the company, valued at $10,003,505.92. The disclosure for this sale can be found here. Insiders sold 451,503 shares of company stock worth $81,997,895 over the last ninety days. Corporate insiders own 5.17% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.15 dividend. This is a positive change from NVIDIA Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA Corporation’s payout ratio is currently 14.00%.

NVIDIA Corporation Company Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

Earnings History and Estimates for NVIDIA Corporation (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply