Media coverage about NVIDIA (NASDAQ:NVDA) has been trending somewhat positive this week, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than 6,000 blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. NVIDIA earned a daily sentiment score of 2.00 on their scale. InfoTrie also assigned news headlines about the computer hardware maker an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted NVIDIA’s analysis:
Shares of NVDA stock traded up $0.35 during trading on Monday, reaching $249.28. The company’s stock had a trading volume of 6,286,901 shares, compared to its average volume of 5,971,179. The company has a debt-to-equity ratio of 0.22, a current ratio of 8.42 and a quick ratio of 7.71. The company has a market capitalization of $152.56 billion, a price-to-earnings ratio of 63.75, a P/E/G ratio of 6.18 and a beta of 2.04. The stock’s 50-day moving average price is $231.04 and its 200 day moving average price is $192.80. NVIDIA has a 1-year low of $131.00 and a 1-year high of $252.99.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, November 14th. The computer hardware maker reported $1.78 EPS for the quarter, topping the consensus estimate of $1.57 by $0.21. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.92 billion. NVIDIA had a net margin of 24.08% and a return on equity of 22.02%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.84 EPS. On average, sell-side analysts anticipate that NVIDIA will post 4.32 EPS for the current fiscal year.
A number of research firms have recently issued reports on NVDA. Piper Jaffray Companies increased their price objective on shares of NVIDIA from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Benchmark increased their price objective on shares of NVIDIA from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Barclays increased their price objective on shares of NVIDIA from $170.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Craig Hallum reissued a “positive” rating and set a $300.00 target price (up previously from $255.00) on shares of NVIDIA in a research report on Monday, January 13th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of NVIDIA in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $228.86.
In related news, Director Dawn E. Hudson sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $201.87, for a total value of $403,740.00. Following the completion of the sale, the director now owns 33,037 shares in the company, valued at approximately $6,669,179.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 629 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $220.50, for a total transaction of $138,694.50. Following the completion of the sale, the director now owns 1,592 shares of the company’s stock, valued at approximately $351,036. The disclosure for this sale can be found here. Insiders have sold a total of 45,785 shares of company stock valued at $9,965,644 in the last 90 days. Insiders own 4.64% of the company’s stock.
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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