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 traded down $9.24 during midday trading on Friday, hitting $178.49. 43,982,930 shares of the company traded hands, compared to its average volume of 54,512,695. The company has a market capitalization of $446.23 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 4.43 and a beta of 1.65. The business has a 50 day simple moving average of $168.40 and a two-hundred day simple moving average of $202.47. 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 52-week low of $140.55 and a 52-week high of $346.47.
NVIDIA (NASDAQ:NVDA - Get Rating) last posted its quarterly earnings data on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share (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 company had revenue of $8.29 billion for the quarter, compared to analysts' expectations of $8.09 billion. During the same period in the previous year, the firm posted $0.78 EPS. NVIDIA's revenue was up 46.4% compared to the same quarter last year. On average, equities analysts forecast that NVIDIA will post 3.16 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Thursday, June 9th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.09%. The ex-dividend date was Wednesday, June 8th. NVIDIA's dividend payout ratio is currently 4.29%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on NVDA shares. Susquehanna Bancshares reduced their target price on NVIDIA from $220.00 to $210.00 and set a "positive" rating on the stock in a research report on Tuesday, August 9th. The Goldman Sachs Group decreased their price objective on shares of NVIDIA from $192.00 to $166.00 in a research report on Friday, July 15th. Bank of America dropped their target price on shares of NVIDIA from $270.00 to $220.00 and set a "buy" rating on the stock in a research report on Wednesday, June 29th. Mizuho cut their price target on shares of NVIDIA from $290.00 to $250.00 and set a "buy" rating on the stock in a research note on Tuesday, August 9th. Finally, Piper Sandler lowered their price objective on shares of NVIDIA from $250.00 to $235.00 and set an "overweight" rating for the company in a research note on Monday, July 11th. Eight research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $243.03.
Insiders Place Their Bets
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 transaction of $408,298.00. Following the completion of the sale, the director now owns 2,712 shares of the company's stock, valued at approximately $503,320.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other 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 transaction, the executive vice president now owns 186,476 shares of the company's stock, valued at approximately $35,100,377.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 2,200 shares of the firm's stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $185.59, for a total transaction 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 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 in the last 90 days. 4.04% of the stock is owned by insiders.
