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 Trading Down 1.2 %
NASDAQ:NVDA traded down $2.26 during mid-day trading on Friday, hitting $189.89. 38,606,829 shares of the company's stock were exchanged, compared to its average volume of 50,541,816. 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 fifty-two week low of $140.55 and a fifty-two week high of $346.47. The company has a 50 day simple moving average of $169.18 and a 200-day simple moving average of $205.33. The firm has a market capitalization of $474.73 billion, a P/E ratio of 50.91, a PEG ratio of 2.95 and a beta of 1.65.
NVIDIA (NASDAQ:NVDA - Get Rating) last issued its quarterly earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.09. The company 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 was up 46.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. As a group, research analysts expect that NVIDIA will post 4.48 earnings per share for the current year.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Thursday, June 9th were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, June 8th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.08%. NVIDIA's dividend payout ratio (DPR) is 4.29%.
Wall Street Analyst Weigh In
NVDA has been the topic of a number of recent research reports. Robert W. Baird lowered their price target on shares of NVIDIA from $165.00 to $150.00 and set a "neutral" rating on the stock in a research report on Thursday, July 14th. Atlantic Securities lowered their target price on shares of NVIDIA to $205.00 in a report on Thursday, May 26th. Raymond James cut their price target on NVIDIA from $365.00 to $250.00 in a research note on Thursday, May 26th. Cowen lowered their price objective on NVIDIA from $350.00 to $265.00 in a research note on Thursday, May 26th. Finally, Oppenheimer cut their target price on NVIDIA from $350.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, May 19th. Seven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $252.24.
Insider Buying and Selling
In other NVIDIA news, EVP Debora Shoquist sold 23,644 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now 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 the SEC website. 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 shares were 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 owns 186,476 shares in the company, valued at approximately $35,100,377.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 113,850 shares of the stock in a transaction on Monday, June 13th. The stock was sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the sale, the director now owns 2,596,493 shares of the company's stock, valued at $410,323,788.79. The disclosure for this sale can be found here. Insiders have sold a total of 139,694 shares of company stock valued at $22,850,524 over the last ninety days. 4.04% of the stock is owned by company insiders.
