Headlines about NVIDIA Corporation (NASDAQ:NVDA) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. 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 Corporation earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the computer hardware maker an impact score of 45.8180948822679 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- NVIDIA Corporation (NVDA) Director Dawn E. Hudson Sells 15,000 Shares (americanbankingnews.com)
- NVIDIA Corporation (NVDA) Receives Buy Rating from B. Riley (americanbankingnews.com)
- Nvidia Corporation Stock Is Cruising, Get on Board and Enjoy the Ride (investorplace.com)
- Nvidia: Unstoppable – Seeking Alpha (seekingalpha.com)
- Here’s Why This is the Right Time to Buy NVIDIA (NVDA) Stock – Yahoo Finance (finance.yahoo.com)
Shares of NVIDIA Corporation (NVDA) opened at $214.18 on Wednesday. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. NVIDIA Corporation has a twelve month low of $83.93 and a twelve month high of $218.67. The firm has a market capitalization of $128,110.00, a price-to-earnings ratio of 53.24, a P/E/G ratio of 5.34 and a beta of 1.23.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the business posted $0.94 EPS. NVIDIA Corporation’s revenue for the quarter was up 31.5% on a year-over-year basis. research analysts forecast that NVIDIA Corporation will post 3.61 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a dividend of $0.15 per share. This is an increase from NVIDIA Corporation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. NVIDIA Corporation’s dividend payout ratio (DPR) is 14.00%.
A number of research analysts have issued reports on NVDA shares. Vetr cut NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 target price for the company. in a research note on Thursday, August 31st. Credit Suisse Group reissued an “outperform” rating on shares of NVIDIA Corporation in a research note on Thursday, August 31st. Goldman Sachs Group, Inc. (The) boosted their target price on NVIDIA Corporation from $193.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. B. Riley boosted their target price on NVIDIA Corporation from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price objective on shares of NVIDIA Corporation in a research report on Thursday, September 28th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $185.93.
In related news, insider Jen Hsun Huang sold 110,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $166.08, for a total transaction of $18,268,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Byron sold 409 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $171.01, for a total value of $69,943.09. Following the transaction, the insider now directly owns 136,199 shares of the company’s stock, valued at $23,291,390.99. The disclosure for this sale can be found here. In the last three months, insiders have sold 451,503 shares of company stock worth $81,997,895. 5.17% of the stock is currently owned by company insiders.
About NVIDIA Corporation
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at 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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