NVIDIA (NASDAQ:NVDA) Releases Q1 2022 Earnings Guidance

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NVIDIA (NASDAQ:NVDA) issued an update on its first quarter 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $5.30 B-, compared to the consensus revenue estimate of $5.32 billion.

NVDA stock traded down $19.42 during midday trading on Tuesday, hitting $574.05. The company’s stock had a trading volume of 10,099,486 shares, compared to its average volume of 8,277,729. The company has a quick ratio of 3.52, a current ratio of 3.92 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $357.28 billion, a price-to-earnings ratio of 94.06, a price-to-earnings-growth ratio of 3.87 and a beta of 1.45. NVIDIA has a 12 month low of $291.29 and a 12 month high of $648.57. The company has a 50 day moving average of $568.71 and a two-hundred day moving average of $545.05.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Tuesday, February 23rd. The computer hardware maker reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.29. The firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.83 billion. NVIDIA had a return on equity of 32.61% and a net margin of 25.89%. During the same period in the prior year, the company earned $1.89 EPS. On average, analysts anticipate that NVIDIA will post 7.65 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Wednesday, March 10th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, March 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.11%. NVIDIA’s dividend payout ratio is currently 13.94%.

A number of research analysts have recently commented on NVDA shares. Rosenblatt Securities increased their target price on NVIDIA from $700.00 to $800.00 and gave the company a buy rating in a research report on Monday, April 19th. New Street Research upgraded NVIDIA from a sell rating to a neutral rating in a research report on Wednesday, February 3rd. Barclays increased their price target on NVIDIA from $600.00 to $650.00 and gave the company an overweight rating in a report on Monday, April 19th. Raymond James upgraded NVIDIA from an outperform rating to a strong-buy rating and increased their price target for the company from $700.00 to $750.00 in a report on Wednesday, April 21st. Finally, Mizuho increased their price target on NVIDIA from $650.00 to $675.00 and gave the company a buy rating in a report on Monday, April 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $606.61.

In related news, Director Mark L. Perry sold 6,104 shares of NVIDIA stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $556.58, for a total transaction of $3,397,364.32. Following the completion of the transaction, the director now directly owns 8,031 shares in the company, valued at $4,469,893.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert K. Burgess sold 14,500 shares of NVIDIA stock in a transaction that occurred on Thursday, April 15th. The shares were sold at an average price of $627.95, for a total value of $9,105,275.00. Over the last quarter, insiders have sold 21,804 shares of company stock valued at $13,207,675. 4.47% of the stock is owned by company insiders.

An institutional investor recently bought a new position in NVIDIA stock. OLD Mission Capital LLC acquired a new stake in NVIDIA Co. (NASDAQ:NVDA) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 542 shares of the computer hardware maker’s stock, valued at approximately $293,000. 65.70% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, Graphics and Compute & Networking. 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 design; GRID software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems.

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Earnings History and Estimates for NVIDIA (NASDAQ:NVDA)

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