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.
NVIDIA Trading Down 1.2 %
Shares of NVDA traded down $2.26 during trading hours on Friday, hitting $189.89. The stock had a trading volume of 38,606,829 shares, compared to its average volume of 50,541,816. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.75 and a current ratio of 5.32. The firm has a market cap of $474.73 billion, a P/E ratio of 50.91, a P/E/G ratio of 2.91 and a beta of 1.65. The company's fifty day simple moving average is $169.18 and its 200 day simple moving average is $205.33. NVIDIA has a 12-month low of $140.55 and a 12-month high of $346.47.
NVIDIA (NASDAQ:NVDA - Get Rating) last issued its earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.09. The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.09 billion. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The business's quarterly revenue was up 46.4% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. Equities research analysts forecast that NVIDIA will post 4.48 EPS for the current fiscal year.
NVIDIA Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Thursday, June 9th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend was Wednesday, June 8th. NVIDIA's dividend payout ratio (DPR) is presently 4.29%.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Morgan Stanley cut their target price on NVIDIA from $217.00 to $182.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 26th. Wells Fargo & Company cut their target price on NVIDIA from $370.00 to $250.00 and set an "overweight" rating on the stock in a research report on Friday, May 20th. Needham & Company LLC cut their target price on NVIDIA to $185.00 in a research report on Tuesday, July 5th. Bank of America dropped their price target on NVIDIA from $270.00 to $220.00 and set a "buy" rating on the stock in a research report on Wednesday, June 29th. Finally, Credit Suisse Group dropped their price target on NVIDIA to $205.00 in a research report on Thursday, May 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $252.24.
Insider Buying and Selling at NVIDIA
In other NVIDIA news, EVP Debora Shoquist sold 23,644 shares of the firm's stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $188.23, for a total value of $4,450,510.12. Following the transaction, the executive vice president now directly owns 186,476 shares of the company's stock, valued at $35,100,377.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Debora Shoquist sold 23,644 shares of the firm's stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $188.23, for a total transaction of $4,450,510.12. Following the completion of the sale, the executive vice president now directly owns 186,476 shares in the company, valued at $35,100,377.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 113,850 shares of the firm's stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $158.03, for a total value of $17,991,715.50. Following the sale, the director now owns 2,596,493 shares of the company's stock, valued at $410,323,788.79. The disclosure for this sale can be found here. Insiders have sold 139,694 shares of company stock valued at $22,850,524 over the last three months. 4.04% of the stock is owned by company insiders.
