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 traded up $7.67 during trading hours on Friday, hitting $187.09. 47,809,415 shares of the company's stock traded hands, compared to its average volume of 54,551,148. NVIDIA has a 52 week low of $140.55 and a 52 week high of $346.47. 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 company's fifty day simple moving average is $168.28 and its two-hundred day simple moving average is $203.48. The company has a market cap of $467.73 billion, a price-to-earnings ratio of 50.16, a price-to-earnings-growth ratio of 4.03 and a beta of 1.65.

NVIDIA (NASDAQ:NVDA - Get Rating) last posted its quarterly earnings data on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.09. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The company had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.09 billion. During the same quarter last year, the firm posted $0.78 EPS. The business's revenue for the quarter was up 46.4% on a year-over-year basis. As a group, equities analysts anticipate that NVIDIA will post 3.16 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

NVDA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on shares of NVIDIA from $350.00 to $285.00 in a research report on Thursday, May 26th. Piper Sandler dropped their target price on shares of NVIDIA from $250.00 to $235.00 and set an "overweight" rating on the stock in a research note on Monday, July 11th. Bank of America lowered their price objective on shares of NVIDIA from $270.00 to $220.00 and set a "buy" rating on the stock in a research report on Wednesday, June 29th. Mizuho decreased their price target on shares of NVIDIA from $290.00 to $250.00 and set a "buy" rating on the stock in a research report on Tuesday, August 9th. Finally, Cowen decreased their price target on shares of NVIDIA from $350.00 to $265.00 and set an "outperform" rating on the stock in a research report on Thursday, May 26th. Eight investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $243.03.

Insiders Place Their Bets

In other NVIDIA news, 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 completion of the transaction, the director now directly owns 2,596,493 shares in the company, valued at $410,323,788.79. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Mark A. Stevens sold 113,850 shares of the 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 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 2,200 shares of the stock in a transaction that occurred on 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 $503,320.08. The disclosure for this sale can be found here. Insiders sold a total of 139,694 shares of company stock worth $22,850,524 over the last ninety days. 4.04% of the stock is currently owned by company insiders.