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.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NVDA shares. The Goldman Sachs Group decreased their price objective on NVIDIA from $192.00 to $166.00 in a report on Friday, July 15th. Mizuho dropped their target price on NVIDIA from $290.00 to $250.00 and set a "buy" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. lowered their price target on NVIDIA from $350.00 to $285.00 in a report on Thursday, May 26th. Susquehanna Bancshares reduced their price target on NVIDIA from $220.00 to $210.00 and set a "positive" rating for the company in a research report on Tuesday. Finally, Atlantic Securities reduced their price target on NVIDIA to $205.00 in a research report on Thursday, May 26th. Eight research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $243.24.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $179.42 on Friday. 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. The firm has a market capitalization of $448.55 billion, a P/E ratio of 48.10, a P/E/G ratio of 2.91 and a beta of 1.65. The company's 50 day moving average price is $168.61 and its two-hundred day moving average price is $204.28.

NVIDIA (NASDAQ:NVDA - Get Rating) last released its earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.09. The business 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 for the quarter was up 46.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 earnings per share. On average, equities analysts forecast that NVIDIA will post 4.48 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared 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 dividend yield of 0.09%. The ex-dividend date of this dividend was Wednesday, June 8th. NVIDIA's payout ratio is currently 4.29%.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 113,850 shares of the 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 transaction, the director now owns 2,596,493 shares of the company's stock, valued at approximately $410,323,788.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other 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 sale, the director now directly owns 2,596,493 shares of the company's stock, valued at approximately $410,323,788.79. The transaction was disclosed in a 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 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 of the company's stock, valued at $35,100,377.48. 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. Company insiders own 4.04% of the company's stock.