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.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on NVDA shares. Cowen cut their price target on NVIDIA from $350.00 to $265.00 and set an "outperform" rating for the company in a research note on Thursday, May 26th. Morgan Stanley decreased their price target on shares of NVIDIA from $217.00 to $182.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 26th. Bank of America cut their price objective on shares of NVIDIA from $270.00 to $220.00 and set a "buy" rating for the company in a research report on Wednesday, June 29th. Needham & Company LLC decreased their target price on NVIDIA to $185.00 in a report on Tuesday, July 5th. Finally, Benchmark reiterated a "buy" rating and set a $228.00 target price (down from $365.00) on shares of NVIDIA in a research report on Thursday, May 26th. 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $243.03.
NVIDIA Price Performance
NVDA traded up $7.67 during trading hours on Friday, hitting $187.09. The company's stock had a trading volume of 47,809,415 shares, compared to its average volume of 54,551,148. The stock has a market cap of $467.73 billion, a price-to-earnings ratio of 50.16, a P/E/G ratio of 3.87 and a beta of 1.65. The business's 50-day moving average price is $168.28 and its 200-day moving average price is $203.65. The company has a current ratio of 5.32, a quick ratio of 4.75 and a debt-to-equity ratio of 0.42. NVIDIA has a 12 month low of $140.55 and a 12 month high of $346.47.
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 analysts' consensus estimates of $1.09 by $0.09. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.09 billion. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The business's quarterly revenue was up 46.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 EPS. Sell-side analysts expect that NVIDIA will post 3.55 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Thursday, June 9th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend was Wednesday, June 8th. NVIDIA's dividend payout ratio (DPR) is 4.29%.
Insider Activity
In related news, EVP Debora Shoquist sold 23,644 shares of the firm's stock in a transaction 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 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 filing with the SEC, which can be accessed through this link. In related news, EVP Debora Shoquist sold 23,644 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now directly owns 186,476 shares in the company, valued at approximately $35,100,377.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 2,200 shares of the firm's stock in a transaction dated Friday, May 27th. The stock was 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 directly owns 2,712 shares of the company's stock, valued at approximately $503,320.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,694 shares of company stock valued at $22,850,524. 4.04% of the stock is currently owned by insiders.
