NVIDIA Co. (NASDAQ:NVDA) declared a quarterly dividend on Thursday, February 8th, RTT News reports. Shareholders of record on Friday, February 23rd will be paid a dividend of 0.15 per share by the computer hardware maker on Friday, March 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Thursday, February 22nd.
NVIDIA (NVDA) opened at $249.08 on Wednesday. The firm has a market cap of $150,940.00, a PE ratio of 51.57, a price-to-earnings-growth ratio of 3.82 and a beta of 1.43. NVIDIA has a 1 year low of $95.17 and a 1 year high of $251.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.56. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.67 billion. NVIDIA had a net margin of 31.36% and a return on equity of 45.02%. The company’s revenue was up 34.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 earnings per share. sell-side analysts expect that NVIDIA will post 6.22 EPS for the current year.
A number of research firms have recently commented on NVDA. Vetr raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $257.77 target price for the company in a research note on Monday. BidaskClub raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 16th. Nomura boosted their target price on shares of NVIDIA to $225.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. BMO Capital Markets boosted their target price on shares of NVIDIA from $200.00 to $225.00 and gave the stock a “market perform” rating in a research note on Friday, February 9th. Finally, B. Riley boosted their target price on shares of NVIDIA from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $210.97.
In related news, CFO Colette Kress sold 171 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Persis Drell sold 606 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total transaction of $119,424.42. Following the sale, the director now directly owns 26,104 shares of the company’s stock, valued at approximately $5,144,315.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,443 shares of company stock valued at $14,010,937. 5.17% of the stock is owned by corporate insiders.
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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.
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