NVIDIA Corporation (NASDAQ:NVDA) declared a quarterly dividend on Thursday, November 9th, RTT News reports. Investors of record on Friday, November 24th will be paid a dividend of 0.15 per share by the computer hardware maker on Friday, December 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a positive change from NVIDIA Corporation’s previous quarterly dividend of $0.14.
NVIDIA Corporation (NVDA) opened at $211.61 on Friday. NVIDIA Corporation has a twelve month low of $84.77 and a twelve month high of $218.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. The stock has a market capitalization of $125,988.00, a price-to-earnings ratio of 51.72, a P/E/G ratio of 4.54 and a beta of 1.23.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.39. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. NVIDIA Corporation’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. analysts predict that NVIDIA Corporation will post 4.13 earnings per share for the current year.
A number of equities research analysts recently commented on NVDA shares. Bank of America Corporation set a $210.00 price target on NVIDIA Corporation 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 Corporation in a research report on Friday, September 8th. BidaskClub raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. The Goldman Sachs Group, Inc. increased their price target on NVIDIA Corporation from $193.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, Evercore ISI increased their price target on NVIDIA Corporation from $180.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. NVIDIA Corporation has a consensus rating of “Buy” and a consensus target price of $185.93.
In other NVIDIA Corporation news, Director Dawn E. Hudson sold 15,000 shares of NVIDIA Corporation stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $213.44, for a total value of $3,201,600.00. Following the transaction, the director now directly owns 46,868 shares of the company’s stock, valued at approximately $10,003,505.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A Brooke Seawell sold 30,000 shares of NVIDIA Corporation stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $170.19, for a total value of $5,105,700.00. Following the completion of the transaction, the director now directly owns 16,507 shares in the company, valued at $2,809,326.33. The disclosure for this sale can be found here. Insiders sold a total of 451,503 shares of company stock worth $81,997,895 over the last ninety days. Insiders own 5.82% of the company’s stock.
NVIDIA Corporation 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.