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

NASDAQ:NVDA opened at $180.97 on Thursday. The company has a current ratio of 5.32, a quick ratio of 4.75 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $452.43 billion, a price-to-earnings ratio of 48.52, a P/E/G ratio of 2.91 and a beta of 1.65. The firm's 50 day simple moving average is $168.66 and its 200 day simple moving average is $204.44. NVIDIA has a 1 year low of $140.55 and a 1 year high of $346.47.

NVIDIA (NASDAQ:NVDA - Get Rating) last released its quarterly earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.09. The firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.09 billion. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The company's revenue for the quarter was up 46.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 earnings per share. As a group, research analysts expect that NVIDIA will post 4.48 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Thursday, June 9th were given 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 4.29%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NVDA. Raymond James reduced their price target on NVIDIA from $365.00 to $250.00 in a report on Thursday, May 26th. Barclays lowered their price objective on NVIDIA from $295.00 to $200.00 and set an "overweight" rating on the stock in a research report on Monday, July 25th. Atlantic Securities reduced their price objective on NVIDIA to $205.00 in a research note on Thursday, May 26th. KeyCorp cut their price objective on NVIDIA from $250.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, July 12th. Finally, Piper Sandler lowered their price target on shares of NVIDIA from $250.00 to $235.00 and set an "overweight" rating for the company in a report on Monday, July 11th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $243.24.

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 113,850 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, 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 filing with the SEC, which is available through this link. In other news, EVP Debora Shoquist sold 23,644 shares of the firm'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 sale, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 113,850 shares of the firm'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 transaction 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 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 quarter. Company insiders own 4.04% of the company's stock.