Headlines about NVIDIA (NASDAQ:NVDA) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NVIDIA earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave news coverage about the computer hardware maker an impact score of 46.2839929757555 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s rankings:
- ‘Ready Player One’: An Nvidia, AMD Catalyst? – Barron’s (barrons.com)
- NVIDIA And Artificial Intelligence: How NVDA Is Leading The Way – Nasdaq (nasdaq.com)
- NVIDIA Thinks Big Oil Is the Next Untapped Frontier for AI (finance.yahoo.com)
- What a Technical Analysis Says about Intel (finance.yahoo.com)
- If You Like Amazon, Netflix And Nvidia, You'll Love This Equity Play (finance.yahoo.com)
A number of brokerages have weighed in on NVDA. Vetr lowered NVIDIA from a “strong-buy” rating to a “buy” rating and set a $275.09 target price for the company. in a research report on Monday. BidaskClub raised NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. Stifel Nicolaus lifted their target price on NVIDIA from $184.00 to $220.00 and gave the company a “hold” rating in a research report on Friday, February 9th. They noted that the move was a valuation call. Bank of America reissued a “buy” rating and issued a $300.00 price target (up from $275.00) on shares of NVIDIA in a research report on Friday, February 9th. Finally, Citigroup boosted their price target on NVIDIA from $240.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $211.43.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.56. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.67 billion. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The company’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.13 EPS. analysts expect that NVIDIA will post 6.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.60 annualized dividend and a yield of 0.24%. NVIDIA’s payout ratio is presently 13.02%.
In other news, Director Persis Drell sold 606 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the sale, the director now owns 26,104 shares in the company, valued at $5,144,315.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 171 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $185.57, for a total value of $31,732.47. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,546 shares of company stock worth $14,034,433. Company insiders own 5.17% of the company’s stock.
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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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