NVIDIA (NVDA) Receiving Somewhat Favorable Media Coverage, Accern Reports

News headlines about NVIDIA (NASDAQ:NVDA) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NVIDIA earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news articles about the computer hardware maker an impact score of 45.382214767831 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s rankings:

Get NVIDIA alerts: Insider Selling: NVIDIA Co. (NVDA) Director Sells 45,000 Shares of Stock (americanbankingnews.com) NVIDIA Corporation (NVDA) Presents At RBC Capital Markets Auto Tech Conference – Slideshow (seekingalpha.com) Nvidia’s Role in the Autonomous Driving Race (finance.yahoo.com) Why Nvidia Is So Amazing And Keeps Getting Better (Andres Cardenal) (seekingalpha.com) Amazon, Nvidia, Micron and 10 Other Stocks to Own in June (thestreet.com)

A number of research firms have weighed in on NVDA. Cowen began coverage on shares of NVIDIA in a research report on Thursday, May 17th. They set an “outperform” rating and a $325.00 target price for the company. Zacks Investment Research upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $286.00 price objective on the stock in a report on Tuesday, May 15th. Needham & Company LLC boosted their price objective on shares of NVIDIA from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Monday, May 14th. They noted that the move was a valuation call. Sanford C. Bernstein set a $300.00 price objective on shares of NVIDIA and gave the stock a “buy” rating in a report on Sunday, May 13th. Finally, Rosenblatt Securities boosted their price objective on shares of NVIDIA from $300.00 to $315.00 in a report on Friday, May 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $260.06.

NVIDIA traded up $5.43, reaching $257.62, on Friday, Marketbeat.com reports. The stock had a trading volume of 10,518,645 shares, compared to its average volume of 15,246,618. The firm has a market cap of $153.56 billion, a PE ratio of 55.16, a price-to-earnings-growth ratio of 3.49 and a beta of 1.52. NVIDIA has a 1-year low of $138.58 and a 1-year high of $260.50. The company has a quick ratio of 7.82, a current ratio of 8.54 and a debt-to-equity ratio of 0.26.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, May 10th. The computer hardware maker reported $2.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.58. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $2.88 billion. NVIDIA had a net margin of 34.44% and a return on equity of 52.18%. The company’s revenue for the quarter was up 65.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. research analysts expect that NVIDIA will post 7.08 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 24th will be given a $0.15 dividend. The ex-dividend date is Wednesday, May 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 0.23%. NVIDIA’s dividend payout ratio (DPR) is presently 12.85%.

In other NVIDIA news, Director James C. Gaither sold 45,000 shares of the business’s stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of $253.59, for a total value of $11,411,550.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 38,676 shares of the business’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $255.36, for a total transaction of $9,876,303.36. Following the completion of the transaction, the executive vice president now owns 508,962 shares in the company, valued at $129,968,536.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,897 shares of company stock worth $45,029,606. Company insiders own 4.70% of the company’s stock.

About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.