News headlines about NVIDIA (NASDAQ:NVDA) have been trending somewhat positive on Friday, AlphaOne Sentiment reports. The research firm, a division of Accern, ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. NVIDIA earned a news impact score of 0.13 on AlphaOne’s scale. AlphaOne also gave media stories about the computer hardware maker an impact score of 72 out of 100, meaning that recent news coverage is likely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Alpha One Sentiment Analysis’s scoring:
- Nvidia +4.5; RBC Capital boosts price target (theaviationweek.net)
- Nvidia: A Great Company In A Better Position (seekingalpha.com)
- Goldman Sachs Group Inc Reaffirms Buy Rating for NVIDIA Co. (NVDA) (campdesrecrues.com)
- Short Interest in NVIDIA Co. (NVDA) Increases By 6.9% (badhub.net)
- Nvidia makes the case for GPU accelerators (finance.yahoo.com)
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.16. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. NVIDIA had a net margin of 23.82% and a return on equity of 34.13%. The firm’s revenue for the quarter was up 48.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Tuesday, May 23rd will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Friday, May 19th. NVIDIA’s dividend payout ratio is presently 21.96%.
Several research firms have recently weighed in on NVDA. Rosenblatt Securities reissued a “buy” rating and issued a $140.00 price objective on shares of NVIDIA in a research report on Friday. Sanford C. Bernstein assumed coverage on NVIDIA in a research note on Thursday. They issued an “outperform” rating and a $165.00 target price for the company. Vetr upgraded NVIDIA from a “sell” rating to a “hold” rating and set a $139.68 target price for the company in a research note on Wednesday. Instinet restated a “reduce” rating and issued a $90.00 target price on shares of NVIDIA in a research note on Monday. Finally, Loop Capital restated a “buy” rating and issued a $137.00 target price (up from $129.00) on shares of NVIDIA in a research note on Monday. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $109.34.
In other news, insider Michael Byron sold 750 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $102.09, for a total value of $76,567.50. Following the completion of the sale, the insider now directly owns 159,442 shares in the company, valued at $16,277,433.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jen Hsun Huang sold 41,670 shares of the stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $98.30, for a total transaction of $4,096,161.00. Following the completion of the sale, the insider now owns 1,811,456 shares of the company’s stock, valued at $178,066,124.80. The disclosure for this sale can be found here. Insiders have sold 312,240 shares of company stock valued at $34,347,618 over the last 90 days. 5.82% of the stock is currently owned by company 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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