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.
Wall Street Analyst Weigh In
A number of research firms have commented on NVDA. Bank of America reduced their target price on NVIDIA from $270.00 to $220.00 and set a "buy" rating for the company in a report on Wednesday, June 29th. The Goldman Sachs Group lowered their target price on NVIDIA from $192.00 to $166.00 in a research report on Friday, July 15th. Credit Suisse Group lowered their price objective on NVIDIA to $205.00 in a research report on Thursday, May 26th. Piper Sandler reduced their target price on NVIDIA from $250.00 to $235.00 and set an "overweight" rating on the stock in a report on Monday, July 11th. Finally, Benchmark reissued a "buy" rating and set a $228.00 price objective (down from $365.00) on shares of NVIDIA in a research note on Thursday, May 26th. Eight analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $243.03.
NVIDIA Trading Up 1.7 %
NASDAQ:NVDA opened at $190.32 on Tuesday. NVIDIA has a one year low of $140.55 and a one year high of $346.47. The company has a 50-day simple moving average of $168.33 and a 200-day simple moving average of $203.10. 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 firm has a market capitalization of $475.80 billion, a PE ratio of 51.02, a price-to-earnings-growth ratio of 4.52 and a beta of 1.65.
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 net margin of 32.02% and a return on equity of 43.81%. The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.09 billion. During the same period in the previous year, the business posted $0.78 EPS. The company's quarterly revenue was up 46.4% on a year-over-year basis. On average, equities analysts forecast that NVIDIA will post 3.16 earnings per share for the current year.
NVIDIA Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders 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 yield of 0.08%. The ex-dividend date was Wednesday, June 8th. NVIDIA's payout ratio is 4.29%.
Insider Buying and Selling at NVIDIA
In other NVIDIA news, EVP Debora Shoquist sold 23,644 shares of the business's 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 completion of 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In other NVIDIA news, EVP Debora Shoquist sold 23,644 shares of the business's 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 completion of 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 113,850 shares of the business's stock in a transaction dated 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 in the company, valued at $410,323,788.79. The disclosure for this sale can be found here. Insiders sold 139,694 shares of company stock valued at $22,850,524 in the last ninety days. Company insiders own 4.04% of the company's stock.
