NVIDIA (NASDAQ:NVDA) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.85-2.02 for the period, compared to the Thomson Reuters consensus estimate of $1.99. The company issued revenue guidance of $3.19-3.32 billion, compared to the consensus revenue estimate of $3.34 billion.

Shares of NASDAQ:NVDA opened at $244.82 on Friday. The stock has a market cap of $154.66 billion, a P/E ratio of 52.42, a PEG ratio of 3.51 and a beta of 1.56. NVIDIA has a 12 month low of $157.37 and a 12 month high of $269.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 7.82 and a current ratio of 8.54.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, August 16th. The computer hardware maker reported $1.94 EPS for the quarter, beating the consensus estimate of $1.66 by $0.28. The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.11 billion. NVIDIA had a net margin of 34.44% and a return on equity of 52.18%. The firm’s revenue was up 40.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. equities analysts forecast that NVIDIA will post 7.08 EPS for the current year.

Several equities analysts recently commented on NVDA shares. Cowen started coverage on shares of NVIDIA in a report on Thursday, May 17th. They set an outperform rating and a $325.00 price target on the stock. UBS Group upped their price target on shares of NVIDIA from $250.00 to $266.00 and gave the company a neutral rating in a report on Friday, May 11th. B. Riley upped their price target on shares of NVIDIA from $290.00 to $300.00 and gave the company a buy rating in a report on Friday, May 11th. SunTrust Banks upped their price target on shares of NVIDIA to $316.00 and gave the company a buy rating in a report on Friday, May 11th. Finally, Barclays upgraded shares of NVIDIA from an equal weight rating to an overweight rating and upped their price target for the company from $265.00 to $280.00 in a report on Thursday, May 3rd. Eight research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $281.58.

In other news, Director Harvey C. Jones sold 100,000 shares of the stock in a transaction that occurred on Tuesday, June 26th. The shares were sold at an average price of $242.11, for a total transaction of $24,211,000.00. Following the transaction, the director now directly owns 31,725 shares in the company, valued at $7,680,939.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Ajay K. Puri sold 4,643 shares of the stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $266.54, for a total transaction of $1,237,545.22. Following the transaction, the executive vice president now owns 295,635 shares in the company, valued at $78,798,552.90. The disclosure for this sale can be found here. Insiders sold a total of 269,632 shares of company stock worth $67,615,033 over the last 90 days. Insiders own 4.70% of the company’s stock.

About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Earnings History and Estimates for NVIDIA (NASDAQ:NVDA)

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