What to Expect When Nvidia Reports After the Close

What to Expect When Nvidia Reports After the Close

BlackRock Inc. now owns 38,108,394 shares of the computer hardware maker's stock valued at $8,825,523,000 after buying an additional 461,007 shares during the last quarter. Following the transaction, the director now owns 30,762 shares in the company, valued at $7,011,582.66.

Nvidia has seen great success selling chips for data centres, as well as hardware for cryptocurrency miners, however this has not translated into expected levels of financial results. The stock's quarterly performance indicates a positive momentum of 19.59 percent, whereas its last one month trend is optimistic with 14.98 percent. The shares were sold at an average price of $220.73, for a total value of $1,134,772.93. North Star Investment Management Corp. increased its holdings in Nvidia by 67.3% in the 4th quarter. The computer hardware maker reported $1.72 EPS for the quarter, beating the consensus estimate of $1.16 by $0.56. Finally, Country Trust Bank raised its position in shares of Nvidia by 490.0% during the fourth quarter.

Several hedge funds and other institutional investors have recently made changes to their positions in NVDA. The stock is noticeable among investors as NVDA reported favorable performance of 32.19%. Zacks Investment Research lowered Nvidia from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 11th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $285.00 price target (up from $280.00) on shares of Nvidia in a research report on Wednesday, March 14th. RBC Capital Markets maintained the shares of NVDA in report on Tuesday, February 6 with "Buy" rating. Nvidia presently has an average rating of "Buy" and an average target price of $239.67. They noted that the move was a valuation call.

When looking at the investment recommendation on say a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell), NVDA is given a 2.30 while 2.30 placed for DE. Morgan Stanley increased their price objective on shares of Nvidia from $222.00 to $258.00 and gave the stock an "equal weight" rating in a research note on Friday, February 9th.

The ability of a company to meet up with its short-term obligations and be able to clear its longer-term debts is measured using Liquidity and leverage ratios. Geode Capital Management LLC now owns 7,194,300 shares of the computer hardware maker's stock valued at $1,389,500,000 after buying an additional 512,166 shares during the last quarter.

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It wasn't just GeForce cards that saw a strong performance, either, with Nvidia's data center profits hitting $701 million (£520 million, AU$930 million), up 71% compared to the same quarter a year ago. Net profit margin of the company was recorded at 31.4 percent, operating profit margin was 33 percent, while gross profit margin stands at 59.9 percent. When glancing ahead to fiscal 2020, the analyst scales down his revenue expectations from $14,612 to $14,425 million but bumps up his EPS expectations from $7.37 to $7.50. During the same period in the prior year, the firm earned $0.85 earnings per share.

Nvidia revealed that it expects a revenue figure of $3.1 billion in the second quarter which is higher than the analysts' consensus estimate of $2.95 billion as revealed by Bloomberg.

NVIDIA Corporation (NASDAQ:NVDA) market capitalization at present is $157.38B at the rate of $260.13 a share. Furthermore, the company brought in $1.3 billion in operating profits which is up 134% from previous year.

NVDA now trades at a forward P/E of 35.18, a P/B of 20.71, and a P/S of 15.93 while DE trades at a forward P/E of 12.73, a P/B of 5.06, and a P/S of 1.49. The sale was disclosed in a filing with the SEC, which can be accessed through this link. $23,496 worth of stock was sold by Byron Michael on Friday, March 2. The stock was sold at an average price of $245.67, for a total value of $9,914,995.53.

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