Headlines about NVIDIA (NASDAQ:NVDA) have trended somewhat positive on Sunday, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. NVIDIA earned a media sentiment score of 1.17 on their scale. InfoTrie also assigned news stories about the computer hardware maker an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted NVIDIA’s score:
- AMD’s Data Center Dominance Could Send the Stock Higher (fool.com)
- Nvidia Sales Forecast Signals Game Chip Inventory Is Easing – Bloomberg (bloomberg.com)
- After Nvidia declines to reiterate its full-year forecast, the semiconductor sector turns negative – ETF Daily News (etfdailynews.com)
- How To Earn A Good Yield With Nvidia Stock – Seeking Alpha (seekingalpha.com)
- Nvidia CEO Jensen says ‘China looks fine’ for games and AI chips – VentureBeat (venturebeat.com)
NVIDIA stock opened at $156.53 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.76 and a current ratio of 7.94. NVIDIA has a 1 year low of $124.46 and a 1 year high of $292.76. The stock has a market cap of $97.47 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 3.93 and a beta of 1.85.
NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. NVIDIA had a net margin of 30.68% and a return on equity of 31.69%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the company posted $2.05 EPS. The company’s revenue was down 30.8% compared to the same quarter last year. On average, analysts forecast that NVIDIA will post 4.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 31st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.41%. NVIDIA’s payout ratio is presently 10.54%.
Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Nomura assumed coverage on shares of NVIDIA in a report on Tuesday, April 2nd. They issued a “neutral” rating and a $147.00 target price on the stock. Stifel Nicolaus lowered their target price on shares of NVIDIA from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Tuesday, May 14th. UBS Group lowered their target price on shares of NVIDIA from $210.00 to $195.00 and set a “buy” rating on the stock in a report on Friday. Finally, Wells Fargo & Co upped their target price on shares of NVIDIA from $170.00 to $190.00 and gave the stock a “positive” rating in a report on Tuesday, March 19th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $198.93.
In other NVIDIA news, CFO Colette Kress sold 14,092 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $183.33, for a total transaction of $2,583,486.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Debora Shoquist sold 5,823 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the transaction, the executive vice president now owns 171,783 shares in the company, valued at $31,779,855. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,029 shares of company stock worth $3,678,385. Corporate insiders own 4.64% of the company’s stock.
NVIDIA Company Profile
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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