Media coverage about NVIDIA (NASDAQ:NVDA) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. NVIDIA earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news articles about the computer hardware maker an impact score of 45.7767074872778 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- Investors may need a consensus Analysts Rating: NVIDIA Corporation (NVDA) – Wall Street Morning (wallstreetmorning.com)
- Best Buys In The AI Race, Part 1 – Nvidia – Seeking Alpha (seekingalpha.com)
- AMD, Nvidia’s stock fall amid crytocurrency selloff (finance.yahoo.com)
- $1.15 Earnings Per Share Expected for NVIDIA Corporation (NVDA) This Quarter (americanbankingnews.com)
- Noteworthy Thursday Option Activity: NVDA, CTAS, GLNG (nasdaq.com)
A number of research firms recently commented on NVDA. Royal Bank of Canada reaffirmed a “buy” rating and issued a $205.00 price target (up previously from $175.00) on shares of NVIDIA in a research note on Monday, September 18th. Jefferies Group reaffirmed a “buy” rating and issued a $180.00 price target on shares of NVIDIA in a research note on Tuesday, September 12th. Canaccord Genuity reaffirmed a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research note on Friday, September 8th. Vetr raised NVIDIA from a “hold” rating to a “buy” rating and set a $176.95 price target for the company in a research note on Wednesday, September 6th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research note on Thursday, August 24th. Four research 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 assigned a strong buy rating to the stock. NVIDIA currently has a consensus rating of “Buy” and an average price target of $187.44.
NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.39. NVIDIA 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 analyst estimates of $2.36 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. NVIDIA’s revenue for the quarter was up 31.5% on a year-over-year basis. sell-side analysts expect that NVIDIA will post 4.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.31%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, November 22nd. NVIDIA’s dividend payout ratio is presently 14.89%.
In related news, insider Michael Byron sold 9,538 shares of the stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Debora Shoquist sold 33,498 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $189.24, for a total value of $6,339,161.52. The disclosure for this sale can be found here. Insiders have sold 85,702 shares of company stock worth $16,508,028 over the last ninety days. 5.82% of the stock is owned by insiders.
NVIDIA Company Profile
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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