NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds. Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software. The company's products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. It has a strategic collaboration with Kroger Co. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.
Analyst Ratings Changes
Several research firms have recently weighed in on NVDA. Wells Fargo & Company reduced their price target on shares of NVIDIA from $370.00 to $250.00 and set an "overweight" rating for the company in a report on Friday, May 20th. Robert W. Baird reduced their price target on shares of NVIDIA from $165.00 to $150.00 and set a "neutral" rating for the company in a report on Thursday, July 14th. Citigroup reduced their price target on shares of NVIDIA from $315.00 to $285.00 and set a "buy" rating for the company in a report on Tuesday, July 12th. Needham & Company LLC cut their price objective on shares of NVIDIA to $185.00 in a research report on Tuesday, July 5th. Finally, Oppenheimer cut their price objective on shares of NVIDIA from $350.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, May 19th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $243.24.
NVIDIA Trading Up 4.3 %
NASDAQ:NVDA traded up $7.67 during trading hours on Friday, reaching $187.09. The company's stock had a trading volume of 47,422,409 shares, compared to its average volume of 54,846,105. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.32 and a quick ratio of 4.75. NVIDIA has a 52 week low of $140.55 and a 52 week high of $346.47. The firm has a fifty day simple moving average of $168.28 and a 200-day simple moving average of $203.90. The stock has a market cap of $467.73 billion, a P/E ratio of 50.16, a P/E/G ratio of 3.28 and a beta of 1.65.
NVIDIA (NASDAQ:NVDA - Get Rating) last released its quarterly earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.09. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.09 billion. During the same quarter last year, the business earned $0.78 EPS. The company's revenue was up 46.4% compared to the same quarter last year. Equities analysts forecast that NVIDIA will post 4.22 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Thursday, June 9th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.16 annualized dividend and a yield of 0.09%. NVIDIA's payout ratio is 4.29%.
Insiders Place Their Bets
In other news, Director Mark A. Stevens sold 113,850 shares of the firm's stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the completion of the sale, the director now owns 2,596,493 shares of the company's stock, valued at approximately $410,323,788.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director John Dabiri sold 2,200 shares of the firm's stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $185.59, for a total transaction of $408,298.00. Following the completion of the sale, the director now owns 2,712 shares of the company's stock, valued at approximately $503,320.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 113,850 shares of the firm's stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the sale, the director now directly owns 2,596,493 shares of the company's stock, valued at approximately $410,323,788.79. The disclosure for this sale can be found here. In the last 90 days, insiders sold 139,694 shares of company stock worth $22,850,524. 4.04% of the stock is currently owned by insiders.
