NVIDIA (NVDA) Earns Daily News Impact Rating of 0.21
News coverage about NVIDIA (NASDAQ:NVDA) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NVIDIA earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media coverage about the computer hardware maker an impact score of 46.3453619254832 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- 3 Things to Know About Bitcoin Futures Trading Before Prices Hit $25,000 (finance.yahoo.com)
- Nvidia Corporation Launches Titan V, World’s Most Powerful PC GPU – Investorplace.com (investorplace.com)
- ICYMI: Digital Power Shares Sink On News, Unexpected Winners From A Tesla Report, And Will Bitcoin Go Boom Or Bust? (finance.yahoo.com)
- Nvidia: Correction Is Near (investing.com)
- Nvidia is up 80% this year, and chart points to another 30% gain, says technician (finance.yahoo.com)
NVDA has been the topic of several recent analyst reports. Raymond James Financial boosted their price target on NVIDIA and gave the company an “outperform” rating in a research note on Friday, November 10th. Bank of America set a $210.00 price target on NVIDIA and gave the company a “buy” rating in a research report on Thursday, October 12th. Canaccord Genuity reissued a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research report on Friday, September 8th. Royal Bank Of Canada increased their price target on NVIDIA from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, Goldman Sachs Group increased their price target on NVIDIA from $193.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $187.38.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.39. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the business posted $0.94 earnings per share. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. analysts forecast that NVIDIA will post 4.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.31%. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA’s dividend payout ratio is presently 15.00%.
In other NVIDIA news, Director A Brooke Seawell sold 1,029 shares of NVIDIA stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $214.10, for a total transaction of $220,308.90. Following the completion of the transaction, the director now owns 1,029 shares in the company, valued at approximately $220,308.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dawn E. Hudson sold 3,052 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total value of $654,318.28. Following the sale, the director now owns 28,816 shares in the company, valued at $6,177,862.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 315,175 shares of company stock worth $59,428,079. Company insiders own 5.82% of the company’s stock.
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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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