NVIDIA Corporation (NASDAQ:NVDA) – Research analysts at Jefferies Group raised their Q3 2018 EPS estimates for shares of NVIDIA Corporation in a research report issued on Monday. Jefferies Group analyst M. Lipacis now expects that the computer hardware maker will post earnings per share of $0.77 for the quarter, up from their prior forecast of $0.75. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for NVIDIA Corporation’s Q4 2018 earnings at $0.84 EPS, FY2018 earnings at $3.12 EPS, Q1 2019 earnings at $0.79 EPS, Q2 2019 earnings at $0.88 EPS, Q3 2019 earnings at $1.07 EPS, Q4 2019 earnings at $1.16 EPS and FY2019 earnings at $3.90 EPS.

NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.16. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The firm’s quarterly revenue was up 48.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS.

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Other analysts also recently issued research reports about the company. BMO Capital Markets reiterated an “underperform” rating and issued a $85.00 price objective on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Bank of America Corporation reiterated a “buy” rating and issued a $185.00 price objective on shares of NVIDIA Corporation in a research report on Wednesday, June 21st. Roth Capital reiterated a “neutral” rating on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Zacks Investment Research upgraded NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price objective for the company in a research report on Tuesday. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $145.00 price objective on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $129.58.

NVIDIA Corporation (NVDA) traded up 0.72% during mid-day trading on Tuesday, reaching $154.80. The company had a trading volume of 13,581,867 shares. The stock’s 50-day moving average is $145.38 and its 200 day moving average is $115.28. NVIDIA Corporation has a 12 month low of $49.22 and a 12 month high of $168.50. The firm has a market capitalization of $92.11 billion, a P/E ratio of 51.96 and a beta of 1.23.

A number of institutional investors have recently made changes to their positions in the company. Arete Wealth Advisors LLC increased its position in shares of NVIDIA Corporation by 0.3% in the first quarter. Arete Wealth Advisors LLC now owns 2,884 shares of the computer hardware maker’s stock worth $314,000 after buying an additional 10 shares during the period. Miles Capital Inc. increased its position in shares of NVIDIA Corporation by 1.1% in the first quarter. Miles Capital Inc. now owns 3,919 shares of the computer hardware maker’s stock worth $427,000 after buying an additional 41 shares during the period. Savant Capital LLC increased its position in shares of NVIDIA Corporation by 2.7% in the first quarter. Savant Capital LLC now owns 2,270 shares of the computer hardware maker’s stock worth $247,000 after buying an additional 60 shares during the period. Whittier Trust Co. increased its position in shares of NVIDIA Corporation by 2.1% in the first quarter. Whittier Trust Co. now owns 3,135 shares of the computer hardware maker’s stock worth $341,000 after buying an additional 63 shares during the period. Finally, Rational Advisors LLC increased its position in shares of NVIDIA Corporation by 2.0% in the first quarter. Rational Advisors LLC now owns 4,045 shares of the computer hardware maker’s stock worth $441,000 after buying an additional 80 shares during the period. 70.08% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Persis Drell sold 2,500 shares of NVIDIA Corporation stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $130.02, for a total value of $325,050.00. Following the sale, the director now owns 24,652 shares of the company’s stock, valued at $3,205,253.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Harvey C. Jones sold 50,000 shares of NVIDIA Corporation stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $150.84, for a total value of $7,542,000.00. Following the completion of the sale, the director now directly owns 30,762 shares in the company, valued at approximately $4,640,140.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 522,282 shares of company stock worth $78,275,082. 5.17% of the stock is owned by company insiders.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Tuesday, May 23rd were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Friday, May 19th. NVIDIA Corporation’s dividend payout ratio is currently 18.60%.

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)

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