NVIDIA - NVDA Stock Forecast, Price & News

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 Price Performance

Shares of NASDAQ:NVDA opened at $177.93 on Tuesday. The firm has a market cap of $444.83 billion, a PE ratio of 47.70, a price-to-earnings-growth ratio of 2.91 and a beta of 1.65. The firm's fifty day moving average is $168.97 and its 200-day moving average is $204.68. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.75 and a current ratio of 5.32. NVIDIA has a 52 week low of $140.55 and a 52 week high of $346.47.

NVIDIA (NASDAQ:NVDA - Get Rating) last issued its quarterly earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.09. The company had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.09 billion. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. NVIDIA's revenue was up 46.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. Sell-side analysts predict that NVIDIA will post 4.48 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Thursday, June 9th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date was Wednesday, June 8th. NVIDIA's dividend payout ratio is presently 4.29%.

Wall Street Analyst Weigh In

Several analysts have commented on NVDA shares. Wedbush dropped their target price on shares of NVIDIA from $300.00 to $190.00 and set a "neutral" rating for the company in a research report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of NVIDIA from $190.00 to $175.00 in a research report on Wednesday, July 20th. Susquehanna Bancshares lowered their price objective on shares of NVIDIA from $260.00 to $220.00 and set a "positive" rating for the company in a research report on Wednesday, July 13th. Raymond James reduced their target price on shares of NVIDIA from $365.00 to $250.00 in a research note on Thursday, May 26th. Finally, Craig Hallum lowered shares of NVIDIA from a "buy" rating to a "hold" rating and reduced their target price for the stock from $210.00 to $180.00 in a research note on Monday. Eight research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $247.09.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 113,850 shares of NVIDIA stock in a transaction on 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 completion of the sale, the director now directly owns 2,596,493 shares of the company's stock, valued at $410,323,788.79. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 113,850 shares of NVIDIA stock in a transaction on 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 completion of the sale, the director now directly owns 2,596,493 shares of the company's stock, valued at $410,323,788.79. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Debora Shoquist sold 23,644 shares of NVIDIA stock in a transaction on Wednesday, June 8th. The shares were 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 of the company's stock, valued at $35,100,377.48. The disclosure for this sale can be found here. Insiders sold 139,694 shares of company stock valued at $22,850,524 over the last quarter. Insiders own 4.04% of the company's stock.