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 Stock Down 0.8 %
NVDA opened at $188.79 on Wednesday. The company has a quick ratio of 4.75, a current ratio of 5.32 and a debt-to-equity ratio of 0.42. The stock has a market cap of $471.98 billion, a price-to-earnings ratio of 50.61, a PEG ratio of 4.52 and a beta of 1.65. NVIDIA has a twelve month low of $140.55 and a twelve month high of $346.47. The company's 50-day moving average price is $168.32 and its two-hundred day moving average price is $203.00.
NVIDIA (NASDAQ:NVDA - Get Rating) last released its earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $8.09 billion. During the same period in the previous year, the company earned $0.78 earnings per share. The company's quarterly revenue was up 46.4% on a year-over-year basis. As a group, equities analysts expect that NVIDIA will post 3.16 earnings per share for the current year.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Thursday, June 9th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.08%. The ex-dividend date was Wednesday, June 8th. NVIDIA's dividend payout ratio (DPR) is currently 4.29%.
Analyst Ratings Changes
NVDA has been the subject of several research analyst reports. Benchmark reaffirmed a "buy" rating and issued a $228.00 price target (down from $365.00) on shares of NVIDIA in a research note on Thursday, May 26th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of NVIDIA from $190.00 to $175.00 in a research report on Wednesday, July 20th. Craig Hallum downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and decreased their target price for the stock from $210.00 to $180.00 in a research report on Monday, August 8th. Citigroup decreased their target price on shares of NVIDIA from $315.00 to $285.00 and set a "buy" rating for the company in a research report on Tuesday, July 12th. Finally, Piper Sandler decreased their target price on shares of NVIDIA from $250.00 to $235.00 and set an "overweight" rating for the company in a research report on Monday, July 11th. Eight research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $243.03.
Insider Activity
In other news, Director Mark A. Stevens sold 113,850 shares of the business'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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Debora Shoquist sold 23,644 shares of the company's stock in a transaction that occurred 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 sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 113,850 shares of the company'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 in the company, valued at approximately $410,323,788.79. The disclosure for this sale can be found here. Insiders have sold a total of 139,694 shares of company stock valued at $22,850,524 over the last quarter. Company insiders own 4.04% of the company's stock.
