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.

NVIDIA Stock Performance

NVDA Stock traded up $1.67 during mid-day trading on Monday, hitting $188.76. The company had a trading volume of 150,103 shares, compared to its average volume of 54,846,570. The stock's fifty day moving average price is $168.28 and its two-hundred day moving average price is $203.37. NVIDIA has a 12 month low of $140.55 and a 12 month high of $346.47. 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 cap of $471.90 billion, a PE ratio of 50.16, a price-to-earnings-growth ratio of 4.52 and a beta of 1.65.

NVIDIA (NASDAQ:NVDA - Get Rating) last announced its quarterly earnings data on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.09. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The company 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 company earned $0.78 EPS. The firm's revenue was up 46.4% on a year-over-year basis. On average, analysts forecast that NVIDIA will post 3.16 earnings per share for the current fiscal 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 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 of this dividend was Wednesday, June 8th. NVIDIA's payout ratio is 4.29%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent research reports. Susquehanna cut their price objective on NVIDIA from $220.00 to $210.00 in a report on Tuesday, August 9th. Bank of America cut their target price on shares of NVIDIA from $270.00 to $220.00 and set a "buy" rating for the company in a research note on Wednesday, June 29th. Susquehanna Bancshares dropped their target price on shares of NVIDIA from $220.00 to $210.00 and set a "positive" rating for the company in a research report on Tuesday, August 9th. Benchmark reissued a "buy" rating and set a $228.00 price target (down from $365.00) on shares of NVIDIA in a research report on Thursday, May 26th. Finally, Citigroup dropped their target price on shares of NVIDIA from $315.00 to $285.00 and set a "buy" rating on the stock in a report on Tuesday, July 12th. Eight investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $243.03.

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 113,850 shares of NVIDIA stock in a transaction on Monday, June 13th. The shares were sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the completion of the transaction, the director now directly owns 2,596,493 shares of the company's stock, valued at $410,323,788.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other NVIDIA news, Director Mark A. Stevens sold 113,850 shares of the company's stock in a transaction that occurred on Monday, June 13th. The stock was 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 in the company, valued at approximately $410,323,788.79. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Debora Shoquist sold 23,644 shares of the stock in a transaction 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 completion of 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. Insiders have sold a total of 139,694 shares of company stock worth $22,850,524 over the last quarter. Insiders own 4.04% of the company's stock.