NVIDIA Co. Plans Quarterly Dividend of $0.16 (NASDAQ:NVDA)

NVIDIA Co. (NASDAQ:NVDA) declared a quarterly dividend on Thursday, November 14th, RTT News reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.16 per share by the computer hardware maker on Friday, December 20th. This represents a $0.64 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Wednesday, November 27th.

Shares of NVDA opened at $221.21 on Tuesday. NVIDIA has a 52-week low of $124.46 and a 52-week high of $221.41. The company has a debt-to-equity ratio of 0.22, a quick ratio of 7.71 and a current ratio of 8.42. The business’s 50 day moving average price is $200.48 and its two-hundred day moving average price is $171.94. The firm has a market cap of $129.06 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 5.09 and a beta of 2.06.

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NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, November 14th. The computer hardware maker reported $1.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.21. NVIDIA had a return on equity of 22.02% and a net margin of 24.08%. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the firm earned $1.84 earnings per share. The company’s revenue was down 5.2% compared to the same quarter last year. Research analysts predict that NVIDIA will post 4.32 EPS for the current fiscal year.

Several brokerages have issued reports on NVDA. BMO Capital Markets reissued a “market perform” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Thursday, November 14th. Rosenblatt Securities reissued a “buy” rating and issued a $240.00 price target on shares of NVIDIA in a research note on Friday, November 15th. UBS Group boosted their price target on NVIDIA from $195.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC restated a “sell” rating on shares of NVIDIA in a report on Friday, August 16th. Finally, Bank of America boosted their price objective on NVIDIA from $250.00 to $275.00 and gave the company a “buy” rating in a report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $218.42.

In other news, CFO Colette Kress sold 31,357 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $179.01, for a total transaction of $5,613,216.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director A Brooke Seawell sold 20,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $212.75, for a total value of $4,255,000.00. Following the completion of the transaction, the director now directly owns 22,221 shares in the company, valued at approximately $4,727,517.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,883 shares of company stock worth $12,113,617. Insiders own 4.64% of the company’s stock.

NVIDIA Company Profile

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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