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 Ratings Changes
A number of research firms have recently issued reports on NVDA. Piper Sandler reduced their price target 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. Cowen decreased their target price on shares of NVIDIA from $350.00 to $265.00 in a research note on Thursday, May 26th. KeyCorp dropped their price target on shares of NVIDIA from $250.00 to $230.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 12th. JPMorgan Chase & Co. reduced their price objective on NVIDIA from $350.00 to $285.00 in a research report on Thursday, May 26th. Finally, UBS Group lowered their target price on NVIDIA from $350.00 to $280.00 and set a "buy" rating on the stock in a research note on Monday, May 23rd. Eight analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $243.24.
NVIDIA Stock Performance
NASDAQ:NVDA opened at $170.86 on Wednesday. The firm's 50-day moving average is $168.66 and its 200-day moving average is $204.44. The company has a market cap of $427.15 billion, a price-to-earnings ratio of 45.81, a PEG ratio of 2.91 and a beta of 1.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.75 and a current ratio of 5.32. NVIDIA has a 52-week low of $140.55 and a 52-week high of $346.47.
NVIDIA (NASDAQ:NVDA - Get Rating) last posted its quarterly earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $8.09 billion. During the same quarter in the prior year, the firm posted $0.78 EPS. The company's revenue for the quarter was up 46.4% on a year-over-year basis. Equities research analysts anticipate that NVIDIA will post 4.48 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. Shareholders of record on Thursday, June 9th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend was Wednesday, June 8th. NVIDIA's dividend payout ratio (DPR) is presently 4.29%.
Insider Activity
In related news, Director John Dabiri sold 2,200 shares of the company's stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $185.59, for a total value of $408,298.00. Following the sale, the director now owns 2,712 shares of the company's stock, valued at $503,320.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Mark A. Stevens sold 113,850 shares of the company'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 sale, the director now owns 2,596,493 shares of the company's stock, valued at approximately $410,323,788.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John Dabiri sold 2,200 shares of NVIDIA stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $185.59, for a total transaction of $408,298.00. Following the transaction, 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. In the last 90 days, insiders sold 139,694 shares of company stock worth $22,850,524. 4.04% of the stock is currently owned by corporate insiders.
