The company's revenue for the quarter was up 56.2% on a year-over-year basis. The corporation is scheduled to disclose its upcoming earnings for the period study on Early Thur, Nov 9th. On average, equities research analysts expect that NVIDIA Corporation will post $3.63 earnings per share for the current fiscal year. This may also include tracking analyst opinions and following what the big money institutions are buying or selling.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.16. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. They expect $0.94 earnings per share, up 13.25% or $0.11 from last year's $0.83 per share. Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 target price on shares of NVIDIA Corporation in a report on Thursday. Susquehanna Bancshares reiterated a "neutral" recommendation on stocks of NVIDIA Corporation in a note on Mon, Jul 3rd. Royal Bank of Canada increased their target price on NVIDIA from $115.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, February 2nd. Mizuho reaffirmed a "buy" rating on shares of NVIDIA Corporation in a report on Monday. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of "Hold" and an average target price of $151.57. That's a potential -6.11 decrease relative to where NVIDIA Corporation (NASDAQ:NVDA) has been trading recently.
The NVIDIA Corporation (NASDAQ:NVDA) has shown a discernible change in trend levels over the path of recent market activity. Fuller & Thaler Asset Management Inc who had been investing in Nvidia Corp for a number of months, seems to be less bullish one the $104.79B market cap company. The volume of NVDA witnessed a shift from 17.75 million shares, based on a 50-day average, to 18.24 million shares. Intel Corporation (INTC) shares have been seen trading -2.37% off its 52 week- peak value and changed 12.97% from its 52 week-bottom price value. This is an increase of approximately 247% compared to the typical daily volume of 30,111 put options.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 18th. Moreover, Qs Investors Ltd has 0% invested in ORBCOMM Inc (NASDAQ:ORBC) for 40 shares. The ex-dividend date was Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.32%. NVIDIA Corporation's dividend payout ratio (DPR) is now 15.86%. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & worldwide trademark & copyright laws. Also, Director Mark L. Perry sold 16,281 shares of NVIDIA Corporation stock in a transaction dated Monday, August 14th.
In related news, insider Michael Byron sold 750 shares of the business's stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $162.24, for a total value of $2,641,429.44. Following the completion of the sale, the insider now owns 159,442 shares in the company, valued at $16,277,433.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. If the published price targets set by NVIDIA Corporation analysts have any power to influence the stock's share price, the highest price target set for NVDA is $250. A simple moving average (SMA) is an mathematical moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. The disclosure for this sale can be found here. Insiders sold 303,906 shares of company stock valued at $32,645,625 in the last quarter. Proficio Capital Partners LLC boosted its stake in NVIDIA Corporation by 186.1% during the first quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker's stock worth $447,156,000 after buying an additional 3,419,701 shares during the last quarter. TB Alternative Assets Ltd. purchased a new position in NVIDIA Corporation during the second quarter worth about $116,000. Jennison Associates LLC raised its position in shares of NVIDIA by 36.6% in the third quarter. Meiji Yasuda Life Insurance Co has an ownership of 11,070 stocks of the computer hardware maker's shares valued at $1,600,000 after scooping up an extra 1,000 shares through out the quarter. Inc. boosted its stake in NVIDIA Corporation by 0.7% during the second quarter. Girard Partners has an ownership of 3,102 stocks of the computer hardware maker's shares valued at $448,000 after scooping up an extra 221 shares through out the quarter.