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
NVDA Stock traded down $11.56 during mid-day trading on Monday, hitting $178.33. 1,295,120 shares of the stock were exchanged, compared to its average volume of 54,152,633. 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 business has a fifty day moving average price of $169.18 and a 200 day moving average price of $205.07. NVIDIA has a 12 month low of $140.55 and a 12 month high of $346.47. The stock has a market capitalization of $445.83 billion, a price-to-earnings ratio of 50.91, a PEG ratio of 2.91 and a beta of 1.65.
NVIDIA (NASDAQ:NVDA - Get Rating) last released its quarterly earnings data on Wednesday, May 25th. The computer hardware maker reported $1.18 EPS 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 for the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. The company's quarterly revenue was up 46.4% on a year-over-year basis. On average, sell-side analysts anticipate that NVIDIA will post 4.48 EPS for the current 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 dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. NVIDIA's dividend payout ratio (DPR) is 4.29%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on NVDA shares. Credit Suisse Group decreased their price target on NVIDIA to $205.00 in a research note on Thursday, May 26th. Susquehanna decreased their price target on NVIDIA from $260.00 to $220.00 and set a "positive" rating for the company in a research note on Wednesday, July 13th. Susquehanna Bancshares cut their target price on NVIDIA from $260.00 to $220.00 and set a "positive" rating on the stock in a research report on Wednesday, July 13th. Citigroup cut their target price on NVIDIA from $315.00 to $285.00 and set a "buy" rating on the stock in a research report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. cut their target price on NVIDIA from $350.00 to $285.00 in a research report on Thursday, May 26th. Seven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $252.24.
Insiders Place Their Bets
In other news, EVP Debora Shoquist sold 23,644 shares of the business'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 sale, the executive vice president now directly owns 186,476 shares of the company's stock, valued at approximately $35,100,377.48. The sale 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 stock was sold at an average price of $188.23, for a total value 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 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 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 139,694 shares of company stock worth $22,850,524. Company insiders own 4.04% of the company's stock.
