NVIDIA (NVDA) Scheduled to Post Quarterly Earnings on Wednesday

NVIDIA (NASDAQ:NVDA) is set to issue its quarterly earnings data after the market closes on Wednesday, August 28th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

NVIDIA Stock Performance

NASDAQ NVDA opened at $129.37 on Monday. The company has a quick ratio of 3.14, a current ratio of 3.53 and a debt-to-equity ratio of 0.17. NVIDIA has a fifty-two week low of $39.23 and a fifty-two week high of $140.76. The business has a fifty day moving average of $120.95 and a 200-day moving average of $101.74. The stock has a market cap of $3.18 trillion, a price-to-earnings ratio of 75.65, a price-to-earnings-growth ratio of 1.15 and a beta of 1.68.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NVDA. New Street Research raised shares of NVIDIA from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Tuesday, August 6th. Argus boosted their price objective on shares of NVIDIA from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Robert W. Baird increased their target price on shares of NVIDIA from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $100.00 price objective on shares of NVIDIA in a research note on Monday, August 5th. Finally, Raymond James upped their price target on shares of NVIDIA from $110.00 to $120.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 23rd. Five investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.11.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 100,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $1,194.57, for a total transaction of $119,457,000.00. Following the completion of the sale, the director now directly owns 2,967,136 shares in the company, valued at $3,544,451,651.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Tench Coxe sold 100,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $1,194.57, for a total transaction of $119,457,000.00. Following the sale, the director now directly owns 2,967,136 shares in the company, valued at $3,544,451,651.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dawn E. Hudson sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $114.00, for a total transaction of $5,700,200.00. Following the sale, the director now directly owns 505,000 shares in the company, valued at $57,572,020. The disclosure for this sale can be found here. Insiders sold 4,170,723 shares of company stock worth $616,106,141 in the last ninety days. 4.23% of the stock is owned by company insiders.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.