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NVIDIA (NVDA) Stock Price, News & Analysis

$121.40
-2.64 (-2.13%)
(As of 09/27/2024 08:51 PM ET)

About NVIDIA Stock (NASDAQ:NVDA)

Key Stats

Today's Range
$119.26
$124.03
50-Day Range
$98.91
$130.00
52-Week Range
$39.23
$140.76
Volume
271.01 million shs
Average Volume
431.32 million shs
Market Capitalization
$2.99 trillion
P/E Ratio
70.99
Dividend Yield
0.03%
Price Target
$142.10
Consensus Rating
Moderate Buy

Company Overview

NVIDIA Corporation ranks among the world’s leading microchip manufacturers and is best known for its contributions in the fields of graphics and gaming. Its chips and related software power the fastest, highest-resolution graphics and are featured in a line of products that include solutions for all end-market uses. Along with gaming, NVIDIA microchips are used in visualization, datacenter, AI, and autonomous vehicles just to name a few.

NVIDIA was founded in 1993 by three friends and is headquartered in Santa Clara, California. The company was intended to focus on chips for the budding gaming and entertainment industry that was spawned by the rise of the personal computer and the Internet. At the time of its founding, there were less than 30 graphics-focused independent operators and that figure would more than double over the next few years.

NVIDIA launched its first product in 1995 called the NV1 and paved the way for 3-D games like Sega’s Virtual Fighter. The next big break came in 1996 with the launch of Microsoft DirectX Drivers which changed how Windows interfaced with games. The next year, in 1997, the company will release the world’s first 128-bit 3-D processor. It quickly gains acceptance gaming OEMs and more than 1 million units are shipped the first four months. Later, in 199, the company will invet the GPU and change the world of computing forever. The GPU will not only enhance the graphics capabilities of the PC but lead to accelerated-computing and AI as well. NVIDIA also held its IPO that same year.

Founders Jensen Huang and Chris Malachowsky are still in leadership positions. Mr. Huang has served as the company’s CEO, president, and board member since the company’s founding. Mr. Malachowsky serves as a member of the company’s executive staff and is a senior technology executive.

Today, NVIDIA Corporation is the only remaining independently operating graphics-focused microchip company in operation. The company’s business has evolved from the core gaming-oriented business to include graphics-oriented computing, and networking solutions in the United States, Taiwan, China, and internationally but gaming is still a pillar of the business.

NVIDIA’s Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and software solutions for gaming platforms.  The company also offers the Quadro/NVIDIA RTX GPUs for enterprise-level workstation graphics, the vGPU software for cloud-based visual and virtual computing, and entertainment platforms for OEM auto manufacturers, and Omniverse software for 3-D world-building.

NVIDIA’s Compute & Networking segment provides a wide range of solutions for interconnect, AI/autonomous driving, cryptocurrency mining, robotics, Data Center platforms and accelerated computing. Products include Mellanox for networking and interconnect, Jetson for robotics and embedded applications, and AI Enterprise software among others.

NVIDIA Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
98th Percentile Overall Score

NVDA MarketRank™: 

NVIDIA scored higher than 98% of companies evaluated by MarketBeat, and ranked 32nd out of 668 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    NVIDIA has received a consensus rating of Moderate Buy. The company's average rating score is 2.95, and is based on 37 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    NVIDIA has been the subject of 28 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about NVIDIA's stock forecast and price target.
  • Earnings Growth

    Earnings for NVIDIA are expected to grow by 33.21% in the coming year, from $2.65 to $3.53 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of NVIDIA is 70.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.88.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of NVIDIA is 70.99, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 238.59.

  • Price to Earnings Growth Ratio

    NVIDIA has a PEG Ratio of 1.05. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    NVIDIA has a P/B Ratio of 51.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about NVIDIA's valuation and earnings.
  • Percentage of Shares Shorted

    1.12% of the outstanding shares of NVIDIA have been sold short.
  • Short Interest Ratio / Days to Cover

    NVIDIA has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in NVIDIA has recently increased by 5.54%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    NVIDIA has a dividend yield of 0.03%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    NVIDIA does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of NVIDIA is 2.34%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, NVIDIA will have a dividend payout ratio of 1.13% next year. This indicates that NVIDIA will be able to sustain or increase its dividend.

  • Read more about NVIDIA's dividend.
  • Percentage of Shares Shorted

    1.12% of the outstanding shares of NVIDIA have been sold short.
  • Short Interest Ratio / Days to Cover

    NVIDIA has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in NVIDIA has recently increased by 5.54%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    NVIDIA has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 132 news articles for NVIDIA this week, compared to 124 articles on an average week.
  • Search Interest

    Only 944 people have searched for NVDA on MarketBeat in the last 30 days. This is a decrease of -39% compared to the previous 30 days.
  • MarketBeat Follows

    Only 518 people have added NVIDIA to their MarketBeat watchlist in the last 30 days. This is a decrease of -11% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, NVIDIA insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $526,762,784.00 in company stock.

  • Percentage Held by Insiders

    Only 4.23% of the stock of NVIDIA is held by insiders.

  • Percentage Held by Institutions

    65.27% of the stock of NVIDIA is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about NVIDIA's insider trading history.

NVDA Stock News Headlines

SAO PAULO, BRAZIL - Jul 03, 2021: Nubank brazilian fintech logo visible on smartphone screen, and website homepage on background - Stock Editorial Photography
3 Bargain Stocks Under $20 With Major Growth Potential (NVDA)
Bargain stocks under $20 including NU, BIOX, and NXE can offer investors both short- and long-term growth potential for an affordable price.
ETF investment concept, Exchange Traded Fund, ETF stock options and stock market index fund, Growing Wealth in the Financial Market. — Photo
Top 5 ETFs to Own Now and Into 2025 (NVDA)
ETFs provide investors a great opportunity to buy shares and hold them. These are some of the top ETFs to consider heading into 2025 based on current trends.
"Doomsday indicator” flashing for the first time since the Great Depression...
It's been a bloodbath in the markets. The seven most valuable US tech companies lost a combined $1 trillion - in a single day. And things could get a lot worse...
Financial markets news icon
MarketBeat Week in Review – 9/23 - 9/27 (NVDA)
Stocks had a mostly bullish week as stimulus efforts in the U.S. and China enhanced risk-on sentiment, but next week's jobs report could spark a larger rally
Nvidia Stock Falls. China Just Made This Move.
See More Headlines

NVDA Stock Analysis - Frequently Asked Questions

NVIDIA's stock was trading at $49.5220 at the beginning of 2024. Since then, NVDA stock has increased by 145.1% and is now trading at $121.40.
View the best growth stocks for 2024 here
.

NVIDIA Co. (NASDAQ:NVDA) released its earnings results on Wednesday, August, 28th. The computer hardware maker reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.04. The firm's revenue for the quarter was up 122.4% compared to the same quarter last year.
Read the conference call transcript
.

NVIDIA's stock split on the morning of Monday, June 10th 2024. The 10-1 split was announced on Monday, June 10th 2024. The newly created shares were distributed to shareholders after the market closes on Monday, June 10th 2024. An investor that had 100 shares of stock prior to the split would have 1,000 shares after the split.

NVIDIA's Board of Directors authorized a stock buyback program on Wednesday, August 28th 2024, which authorizes the company to repurchase $50,000,000,000 in shares, according to EventVestor. This means that the company could purchase up to 1.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

NVIDIA subsidiaries include Excelero Storage, Bright Computing, DeepMap, Arm Holdings, Cumulus Networks, SwiftStack, Parabricks, and others.

Shares of NVDA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that NVIDIA investors own include Alibaba Group (BABA), Micron Technology (MU), Advanced Micro Devices (AMD), General Electric (GE), Tesla (TSLA), Netflix (NFLX).

Company Calendar

Last Earnings
8/28/2024
Ex-Dividend for 10/3 Dividend
9/12/2024
Today
9/29/2024
Dividend Payable
10/03/2024
Next Earnings (Estimated)
11/19/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:NVDA
Previous Symbol
NASDAQ:NVDA
CUSIP
67066G10
Employees
29,600
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$142.10
High Stock Price Target
$200.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+17.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.95
Research Coverage
43 Analysts

Profitability

Net Income
$29.76 billion
Pretax Margin
63.47%

Debt

Sales & Book Value

Annual Sales
$96.31 billion
Cash Flow
$1.30 per share
Book Value
$2.37 per share

Miscellaneous

Outstanding Shares
24,598,342,000
Free Float
23,557,832,000
Market Cap
$2.99 trillion
Optionable
Optionable
Beta
1.67

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This page (NASDAQ:NVDA) was last updated on 9/30/2024 by MarketBeat.com Staff
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