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MarketScreener Homepage  >  Equities  >  Nasdaq  >  NVIDIA Corporation    NVDA

NVIDIA CORPORATION

(NVDA)
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Real-time Estimate Quote. Real-time Estimate BATS EXCHANGE - 11/27 08:46:56 pm
529.5000 USD   +0.02%
11/24NVIDIA : Announces Upcoming Events for Financial Community
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11/24NVIDIA Announces Upcoming Events for Financial Community
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11/24NVIDIA CORPORATION : Good timing to anticipate a continuation of the trend
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SoftBank restarts buybacks as asset sales swell cash pile

10/14/2020 | 05:13am EST
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan

TOKYO (Reuters) - SoftBank Group Corp resumed its share buybacks in September, after an enforced pause in August due to asset sales, saying on Wednesday it spent 40 billion yen ($380 million) of its growing cash pile.

This is in line with previous signalling of a slower pace of purchases from SoftBank, which spent 1 trillion yen on buybacks between March and early August after the gap between the value of its assets and market valuation reached record levels.

SoftBank's shares traded sideways during the lull in August ahead of deal news, which included the sale of chip designer Arm to Nvidia Corp, but have since resumed their climb and closed near two decade highs on Wednesday.

In a sign of SoftBank's restored confidence, its Vision Fund plans to market a blank-check company to investors, a source told Reuters, as it joins a trend to offer private companies a quick route to public markets.

The size of the company has not been decided, the source said, but could include SoftBank cash. In July 2019 SoftBank said it had secured $108 billion in pledges for a successor to its $100 billion Vision Fund, before a string of soured bets undermined fundraising efforts.

A recovery at the first fund, which analysts say could trigger a broader reappraisal of the group's investing abilities, has yet to be seen, with its assets still underwater at the end of June.

Mitsunobu Tsuruo, a Citigroup analyst, forecasts SoftBank's earnings "at roughly breakeven" for the year ended March, while cautioning that it is "exceptionally hard for people outside the firm to establish a rational outlook for earnings".

Citigroup estimates SoftBank's asset sales have topped 9 trillion yen ($85 billion) in the last six months.

(Reporting by Sam Nussey; Editing by Louise Heavens and Alexander Smith)

By Sam Nussey


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CITIGROUP INC. -0.68% 56.67 Delayed Quote.-28.58%
NVIDIA CORPORATION 0.20% 530.45 Delayed Quote.124.99%
SOFTBANK GROUP CORP. 3.19% 7089 End-of-day quote.49.05%
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Financials (USD)
Sales 2021 16 456 M - -
Net income 2021 4 097 M - -
Net cash 2021 4 963 M - -
P/E ratio 2021 79,2x
Yield 2021 0,12%
Capitalization 328 B 328 B -
EV / Sales 2021 19,6x
EV / Sales 2022 16,1x
Nbr of Employees 13 775
Free-Float 61,7%
Chart NVIDIA CORPORATION
Duration : Period :
NVIDIA Corporation Technical Analysis Chart | NVDA | US67066G1040 | MarketScreener
Technical analysis trends NVIDIA CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 41
Average target price 583,79 $
Last Close Price 529,39 $
Spread / Highest target 32,2%
Spread / Average Target 10,3%
Spread / Lowest Target -35,8%
EPS Revisions
Managers
NameTitle
Jen-Hsun Huang President, Chief Executive Officer & Director
Debora Shoquist Executive Vice President-Operations
Colette M. Kress Chief Financial Officer & Executive Vice President
William James Dally Chief Scientist & Senior Vice President-Research
Tony Tamasi Senior Vice President-Content & Technology
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