Many analysts have provided their estimated foresights on NVIDIA Corporation Earnings, with 21 analysts believing the company would generate an Average Estimate of $1.45. Out of 22 analysts polled in the last 3 months, 16 are bullish on the chip giant, 5 remain sidelined, while 1 is bearish on the stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clearbridge Investments LLC lifted its stake in shares of Nvidia by 100.0% during the fourth quarter. Country Trust Bank now owns 590 shares of the computer hardware maker's stock valued at $114,000 after buying an additional 490 shares in the last quarter. "The small 4 percent auto sales increase doesn't alarm me as it was Nvidia's largest auto quarter ever and with Tesla softness, doesn't come as a surprise", Moorhead said. First Citizens Bank & Trust Co. boosted its holdings in shares of Nvidia by 4.5% during the 4th quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new position in Nvidia during the 4th quarter valued at approximately $56,666,000. Country Trust Bank boosted its holdings in shares of Nvidia by 490.0% during the 4th quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker's stock worth $116,000 after acquiring an additional 300 shares in the last quarter.
Nvidia traded up $3.40, hitting $259.18, during trading hours on Thursday, according to Marketbeat. 24,122,295 shares of the company were exchanged, compared to its average volume of 11,045,154. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Nvidia has a 12-month low of $250.54 and a 12-month high of $259.77.
NVIDIA Corporation (NVDA) has the market capitalization of $157.38 Billion.
Nvidia (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, May 10th.
There is no doubt that Nvidia holds the most GPU market share due to its incredible GPUs and it comes as no surprise that Nvidia has brought in record revenue, up 66%, for the first quarter of its fiscal year 2019. However it has a net margin of 31.40%. Nvidia Corporation had 197 analyst reports since August 3, 2015 according to SRatingsIntel. During the same period in the prior year, the business earned $1.13 EPS.
It beat expectations comfortably, reporting revenue up 61% at $85.7 million, and EPS of 34 cents, against consensus estimates for revenue of $73.25 million and EPS of 10 cents.
In related news, Director Persis Drell sold 5,141 shares of the business's stock in a transaction on Wednesday, March 28th. As for the shares, it has gone above the 20 days moving average and is now hovering within a distance of 10.77%. The stock price value Change from Open was at -0.29% with a Gap of 0.78%. The disclosure for this sale can be found here. For the first quarter and the first half of the year, the performances are 14.38% and 32.95%, respectively.The company's stock performance was 32.92%.
When we look at the Analyst Recommendations of the stock, the company has 1.79 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell.
It's another plentiful afternoon of earnings reports, with a number of names trading lower this evening in the after-market. Susquehanna Bancshares reaffirmed a "neutral" rating and issued a $200.00 target price (up previously from $185.00) on shares of Nvidia in a report on Thursday, February 8th. BidaskClub upgraded Nvidia from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 2nd. Furthermore, the company brought in $1.3 billion in operating profits which is up 134% from a year ago. They noted that the move was a valuation call.
"While second-quarter revenue guidance, at $3.1 billion, is above the current consensus estimate of $2.9 billion, it is hard to assess how medium-term gaming segment performance will materialize as seasonal demand metrics remain skewed".