NVIDIA Corporation (NVDA) to Issue Quarterly Dividend of $0.14 on September 18th

NVIDIA Corporation (NASDAQ:NVDA) announced a quarterly dividend on Friday, August 11th, Wall Street Journal reports. Shareholders of record on Thursday, August 24th will be given a dividend of 0.14 per share by the computer hardware maker on Monday, September 18th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Tuesday, August 22nd.

Shares of NVIDIA Corporation (NASDAQ NVDA) opened at 161.50 on Monday. The firm’s 50 day moving average price is $161.56 and its 200-day moving average price is $129.36. The company has a market capitalization of $96.42 billion, a P/E ratio of 46.45 and a beta of 1.24. NVIDIA Corporation has a 1-year low of $57.31 and a 1-year high of $174.56.

NVIDIA Corporation (NASDAQ:NVDA) last released its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The business’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 earnings per share. Analysts expect that NVIDIA Corporation will post $3.60 EPS for the current year.

NVDA has been the topic of several research reports. Royal Bank Of Canada restated a “buy” rating and issued a $130.00 target price on shares of NVIDIA Corporation in a research report on Tuesday, May 2nd. Vetr upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $117.19 target price on the stock in a research report on Thursday, May 4th. Instinet restated a “reduce” rating and issued a $90.00 target price on shares of NVIDIA Corporation in a research report on Friday, May 5th. B. Riley restated a “buy” rating and issued a $135.00 target price on shares of NVIDIA Corporation in a research report on Monday, May 8th. Finally, Pacific Crest restated an “underweight” rating and issued a $90.00 target price on shares of NVIDIA Corporation in a research report on Monday, May 8th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. NVIDIA Corporation currently has an average rating of “Hold” and a consensus price target of $145.00.

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In other news, Director A Brooke Seawell sold 3,107 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $140.00, for a total value of $434,980.00. Following the completion of the sale, the director now directly owns 5,165 shares of the company’s stock, valued at approximately $723,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark L. Perry sold 16,281 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $162.24, for a total value of $2,641,429.44. Following the completion of the sale, the director now directly owns 48,069 shares of the company’s stock, valued at $7,798,714.56. The disclosure for this sale can be found here. Insiders have sold a total of 560,556 shares of company stock valued at $85,649,706 over the last ninety days. 5.17% of the stock is owned by company insiders.

About NVIDIA Corporation

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.