Headlines about NVIDIA (NASDAQ:NVDA) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NVIDIA earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media stories about the computer hardware maker an impact score of 44.7945899086851 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
- Synopsys' (SNPS) Q2 Earnings Match Estimates, Revenues Beat (finance.yahoo.com)
- NVIDIA Reports Record Earnings Again (finance.yahoo.com)
- A Look at NVIDIA’s Annual Revenue Growth Trends (finance.yahoo.com)
- Could NVIDIA’s Annual Revenue Cross the $13 Billion Mark? (finance.yahoo.com)
- NVIDIA’s GPU Growth Story Has More Ups than Downs (finance.yahoo.com)
A number of research firms have commented on NVDA. SunTrust Banks boosted their price target on shares of NVIDIA to $316.00 and gave the company a “buy” rating in a research report on Friday, May 11th. Bank of America restated a “buy” rating and issued a $340.00 price target on shares of NVIDIA in a research report on Friday, May 11th. Stifel Nicolaus boosted their price target on shares of NVIDIA from $220.00 to $243.00 and gave the company a “hold” rating in a research report on Friday, May 11th. B. Riley boosted their price target on shares of NVIDIA from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, May 11th. Finally, Rosenblatt Securities boosted their price target on shares of NVIDIA from $300.00 to $315.00 in a research report on Friday, May 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $260.06.
Shares of NVDA traded up $0.15 on Thursday, reaching $247.69. 10,890,074 shares of the company’s stock were exchanged, compared to its average volume of 14,076,488. The company has a debt-to-equity ratio of 0.26, a current ratio of 8.54 and a quick ratio of 7.82. The company has a market cap of $147.33 billion, a price-to-earnings ratio of 53.04, a price-to-earnings-growth ratio of 3.35 and a beta of 1.52. NVIDIA has a 12 month low of $136.44 and a 12 month high of $260.50.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, May 10th. The computer hardware maker reported $2.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.58. The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $2.88 billion. NVIDIA had a net margin of 34.44% and a return on equity of 52.18%. NVIDIA’s revenue for the quarter was up 65.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. analysts expect that NVIDIA will post 7.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 24th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Wednesday, May 23rd. NVIDIA’s dividend payout ratio (DPR) is 12.85%.
In other NVIDIA news, Director Persis Drell sold 5,141 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of $220.73, for a total value of $1,134,772.93. Following the completion of the sale, the director now owns 20,963 shares of the company’s stock, valued at $4,627,162.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 38,676 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $255.36, for a total transaction of $9,876,303.36. Following the completion of the sale, the executive vice president now directly owns 508,962 shares of the company’s stock, valued at approximately $129,968,536.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,100 shares of company stock valued at $22,416,103. 4.70% of the stock is currently owned by insiders.
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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