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 Upgrades and Downgrades
Several analysts have recently weighed in on the company. KeyCorp cut their price objective on NVIDIA from $250.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, July 12th. Mizuho dropped their target price on shares of NVIDIA from $290.00 to $250.00 and set a "buy" rating on the stock in a report on Tuesday, August 9th. Sanford C. Bernstein reduced their target price on shares of NVIDIA from $325.00 to $225.00 and set an "outperform" rating for the company in a report on Monday, May 23rd. The Goldman Sachs Group dropped their price target on NVIDIA from $192.00 to $166.00 in a report on Friday, July 15th. Finally, Needham & Company LLC reduced their price objective on NVIDIA to $185.00 in a research note on Tuesday, July 5th. Eight research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $243.03.
NVIDIA Price Performance
Shares of NASDAQ:NVDA opened at $183.35 on Thursday. The stock has a market capitalization of $458.38 billion, a P/E ratio of 49.16, a P/E/G ratio of 4.60 and a beta of 1.65. The business has a 50-day moving average of $168.26 and a two-hundred day moving average of $202.87. NVIDIA has a fifty-two week low of $140.55 and a fifty-two week high of $346.47. 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 (NASDAQ:NVDA - Get Rating) last posted 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. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.09 billion. During the same period in the previous year, the company earned $0.78 EPS. The company's revenue for the quarter was up 46.4% on a year-over-year basis. On average, equities research analysts predict that NVIDIA will post 3.16 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Thursday, June 9th were given 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 of this dividend was Wednesday, June 8th. NVIDIA's dividend payout ratio is 4.29%.
Insider Buying and Selling at NVIDIA
In related news, Director Mark A. Stevens sold 113,850 shares of the business's stock in a transaction dated 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 completion of the transaction, the director now owns 2,596,493 shares of the company's stock, valued at approximately $410,323,788.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA news, EVP Debora Shoquist sold 23,644 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 186,476 shares of the company's stock, valued at approximately $35,100,377.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 113,850 shares of the company's 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 transaction, 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 sold 139,694 shares of company stock worth $22,850,524 over the last ninety days. Company insiders own 4.04% of the company's stock.
