NVIDIA Co. (NASDAQ:NVDA) Plans $0.01 Quarterly Dividend

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

NVIDIA has raised its dividend by an average of 33.4% per year over the last three years. NVIDIA has a payout ratio of 0.7% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 8.5 %

Shares of NASDAQ NVDA opened at $120.15 on Friday. The company’s 50 day simple moving average is $134.39 and its 200 day simple moving average is $131.81. NVIDIA has a fifty-two week low of $75.61 and a fifty-two week high of $153.13. The firm has a market capitalization of $2.94 trillion, a P/E ratio of 47.28, a P/E/G ratio of 1.76 and a beta of 1.62. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. On average, analysts predict that NVIDIA will post 2.77 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the transaction, the insider now owns 480,899 shares in the company, valued at $65,056,016.72. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,107,632 shares of company stock valued at $146,405,286 in the last ninety days. 4.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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 filing with the Securities & Exchange Commission. The firm owned 50,658 shares of the computer hardware maker’s stock after acquiring an additional 11,900 shares during the period. NVIDIA accounts for about 2.5% of Hudson Value Partners LLC’s portfolio, making the stock its 9th largest position. Hudson Value Partners LLC’s holdings in NVIDIA were worth $6,805,000 as of its most recent filing with the Securities & Exchange Commission. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NVDA has been the topic of several analyst reports. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday. Mizuho increased their target price on shares of NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. increased their price objective on shares of NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Benchmark reissued a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research report on Thursday. Finally, TD Cowen increased their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Five analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.62.

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.