News stories about NVIDIA (NASDAQ:NVDA) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NVIDIA earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news headlines about the computer hardware maker an impact score of 46.3453619254832 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- 3 Things to Know About Bitcoin Futures Trading Before Prices Hit $25,000 (finance.yahoo.com)
- Nvidia Corporation Launches Titan V, World’s Most Powerful PC GPU – Investorplace.com (investorplace.com)
- ICYMI: Digital Power Shares Sink On News, Unexpected Winners From A Tesla Report, And Will Bitcoin Go Boom Or Bust? (finance.yahoo.com)
- Nvidia: Correction Is Near (investing.com)
- Nvidia is up 80% this year, and chart points to another 30% gain, says technician (finance.yahoo.com)
A number of brokerages have recently issued reports on NVDA. SunTrust Banks increased their price objective on shares of NVIDIA to $253.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 target price on shares of NVIDIA in a report on Friday, November 10th. Bank of America upped their target price on shares of NVIDIA from $210.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Barclays upped their target price on shares of NVIDIA from $200.00 to $225.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Finally, Raymond James Financial increased their price objective on shares of NVIDIA and gave the stock an “outperform” rating in a report on Friday, November 10th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $187.38.
NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.39. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The business’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 earnings per share. equities analysts forecast that NVIDIA will post 4.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.15 per share. This is an increase from NVIDIA’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 yield of 0.31%. NVIDIA’s payout ratio is presently 15.00%.
In related news, insider Michael Byron sold 9,538 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $179.80, for a total value of $1,714,932.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 22,808 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $185.31, for a total value of $4,226,550.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 315,175 shares of company stock valued at $59,428,079. Insiders own 5.82% of the company’s stock.
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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