NVIDIA Co. (NVDA) to Issue Quarterly Dividend of $0.04 on June 30th

NVIDIA Co. (NASDAQ:NVDA – Get Rating) announced a quarterly dividend on Wednesday, May 24th, Zacks reports. Stockholders of record on Thursday, June 8th will be paid a dividend of 0.04 per share by the computer hardware maker on Friday, June 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date is Wednesday, June 7th.

NVIDIA has a dividend payout ratio of 2.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect NVIDIA to earn $4.79 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 3.3%.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $380.39 on Friday. NVIDIA has a twelve month low of $108.13 and a twelve month high of $394.80. The company has a current ratio of 3.52, a quick ratio of 2.73 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $940.75 billion, a price-to-earnings ratio of 197.81, a price-to-earnings-growth ratio of 5.31 and a beta of 1.77. The business has a 50 day simple moving average of $280.52 and a 200-day simple moving average of $218.29.

NVIDIA (NASDAQ:NVDA – Get Rating) last released its quarterly earnings data on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. NVIDIA had a return on equity of 24.18% and a net margin of 18.52%. The business had revenue of $7.19 billion during the quarter, compared to analyst estimates of $6.52 billion. During the same quarter in the previous year, the firm posted $1.18 EPS. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. As a group, equities research analysts expect that NVIDIA will post 3.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Mizuho boosted their price objective on NVIDIA from $290.00 to $400.00 in a research report on Thursday. DZ Bank lowered NVIDIA from a “buy” rating to a “sell” rating and set a $195.00 price objective for the company. in a research report on Thursday, February 16th. The Goldman Sachs Group boosted their price target on NVIDIA from $275.00 to $440.00 in a research report on Thursday. StockNews.com started coverage on NVIDIA in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, HSBC upgraded NVIDIA from a “reduce” rating to a “buy” rating and boosted their price target for the stock from $175.00 to $355.00 in a research report on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $375.13.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 6,000 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $229.29, for a total transaction of $1,375,740.00. Following the completion of the sale, the chief financial officer now owns 561,401 shares in the company, valued at approximately $128,723,635.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Colette Kress sold 6,000 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $229.29, for a total transaction of $1,375,740.00. Following the completion of the sale, the chief financial officer now owns 561,401 shares in the company, valued at approximately $128,723,635.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dawn E. Hudson sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $274.55, for a total value of $1,372,750.00. Following the sale, the director now owns 85,350 shares of the company’s stock, valued at approximately $23,432,842.50. The disclosure for this sale can be found here. Insiders have sold a total of 54,084 shares of company stock valued at $14,516,510 in the last three months. Insiders own 3.99% of the company’s stock.

Institutional Trading of NVIDIA

Several large investors have recently made changes to their positions in NVDA. Quarry LP bought a new stake in NVIDIA during the 1st quarter valued at approximately $34,000. Compass Wealth Management LLC bought a new stake in NVIDIA during the 4th quarter valued at approximately $39,000. HBC Financial Services PLLC boosted its stake in NVIDIA by 50.0% during the 2nd quarter. HBC Financial Services PLLC now owns 300 shares of the computer hardware maker’s stock valued at $47,000 after purchasing an additional 100 shares during the period. Castleview Partners LLC boosted its stake in NVIDIA by 104.8% during the 1st quarter. Castleview Partners LLC now owns 172 shares of the computer hardware maker’s stock valued at $48,000 after purchasing an additional 88 shares during the period. Finally, True Wealth Design LLC bought a new stake in NVIDIA during the 4th quarter valued at approximately $62,000. Institutional investors own 61.80% of the company’s stock.

About NVIDIA

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, 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.