NVIDIA Co. (NVDA) to Issue Quarterly Dividend of $0.01 on April 2nd

NVIDIA Co. (NASDAQ:NVDA) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Wednesday, March 12th will be given a dividend of 0.01 per share by the computer hardware maker on Wednesday, April 2nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, March 12th.

NVIDIA has raised its dividend payment by an average of 33.4% annually over the last three years. NVIDIA has a payout ratio of 0.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect NVIDIA to earn $3.98 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 1.0%.

NVIDIA Stock Down 8.5 %

Shares of NVIDIA stock opened at $120.15 on Friday. The company has a fifty day moving average price of $134.39 and a 200 day moving average price of $131.81. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA has a twelve month low of $75.61 and a twelve month high of $153.13. The stock has a market cap of $2.94 trillion, a price-to-earnings ratio of 47.28, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. Equities research analysts forecast that NVIDIA will post 2.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on NVDA. Benchmark restated a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research note on Thursday. UBS Group raised their price target on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup raised their price target on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Needham & Company LLC restated a “buy” rating and issued a $160.00 price target on shares of NVIDIA in a research note on Thursday. Five research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $169.62.

Insider Activity

In related news, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,107,632 shares of company stock valued at $146,405,286. Insiders own 4.23% of the company’s stock.

Institutional Trading of NVIDIA

An institutional investor recently raised its position in NVIDIA stock. Hudson Value Partners LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 30.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,658 shares of the computer hardware maker’s stock after purchasing an additional 11,900 shares during the period. NVIDIA makes up about 2.5% of Hudson Value Partners LLC’s investment portfolio, making the stock its 9th biggest position. Hudson Value Partners LLC’s holdings in NVIDIA were worth $6,805,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 65.27% of the company’s stock.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.