Nvidia reaches new record for revenues, EPS in Q1

Ruben Fields
May 11, 2018

During the first quarter of fiscal 2019, Nvidia returned $746 million to shareholders through a combination of $655 million in share repurchases and $91 million in quarterly cash dividends. Old Mutual Global Investors UK Ltd. now owns 1,028,663 shares of the computer hardware maker's stock valued at $199,046,000 after buying an additional 428,046 shares in the last quarter. Considering that the stock recent volume of 981508 shares, this represents a pretty noteworthy trading in volume size.

Other large investors have also modified their holdings of the company. On the gaming front, Nvidia introduced Nvidia RTZ, a computer graphics program that produces movie-quality images in real time in the quarter. DnB Asset Management AS raised its position in shares of Nvidia by 8.3% during the fourth quarter.

"At the heart of our opportunity is the incredible growth of computing demand of A.I., just as traditional computing has slowed", said Jensen Huang, chief executive of Nvidia, which forecast revenue of $3.10 billion in the second quarter. Commerce Bank now owns 9,934 shares of the computer hardware maker's stock worth $2,301,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 66.70% of the company's stock.

Zevenbergen Capital Investments Llc decreased Nvidia Corporation (NVDA) stake by 0.88% reported in 2017Q4 SEC filing. Research analysts often publish stock price targets along with buy-sell recommendations. Vetr downgraded shares of Nvidia from a "hold" rating to a "sell" rating and set a $234.76 price objective on the stock.in a research note on Monday, January 29th. BidaskClub upgraded shares of Nvidia from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 16th. Earlier, the stock had closed at a record $260.13 in NY. Following the completion of the transaction, the director now owns 20,963 shares of the company's stock, valued at approximately $4,627,162.99. During the same period in the prior year, the company posted $0.85 earnings per share. $9.91M worth of stock was sold by GAITHER JAMES C on Thursday, February 15. The shares were sold at an average price of $227.93, for a total value of $3,944,784.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,959 shares of company stock valued at $22,692,182. Its opening price on the last trading day was $255.78. The company has market cap of $155.68 billion. The stock of Shire plc (NASDAQ:SHPG) earned "Buy" rating by RBC Capital Markets on Wednesday, June 7.

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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.

Nvidia (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, May 10th. The computer hardware maker reported $1.72 EPS for the quarter, beating the consensus estimate of $1.16 by $0.56. 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. The consensus estimates call for $1.45 in earnings per share (EPS) on $2.9 billion in revenue. The next quarterly cash dividend will be at Dollars 0.15 per share, payable on 15 June. Nvidia Corporation now has $157.91B valuation.

For his part, Huang said Nvidia, in particular with its new TensorCore GPU, remains faster and more programmable than others such as Google's Tensor Processing Unit.

Through the GPU segment, Nvidia offers processors that include GeForce NOW for game-streaming services that are based on cloud technology; GeForce for mainstream PCs and PC gaming; Quadro for professionals working in the computer-aided design sector; GRID for NVIDIA graphics through datacenters and the cloud; DGX for artificial intelligence developers, scientists, and researchers.

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