NVIDIA Co. to Issue Quarterly Dividend of $0.01 (NASDAQ:NVDA)

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 dividend yield of 0.03%.

NVIDIA has increased its dividend payment by an average of 33.4% annually over the last three years. NVIDIA has a payout ratio of 0.7% meaning its dividend is sufficiently covered by earnings. 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 Up 3.7 %

Shares of NASDAQ NVDA traded up $4.65 during midday trading on Wednesday, hitting $131.28. The stock had a trading volume of 313,779,055 shares, compared to its average volume of 266,541,844. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA has a 1-year low of $75.61 and a 1-year high of $153.13. The company has a fifty day moving average price of $134.55 and a 200 day moving average price of $131.89. The company has a market capitalization of $3.22 trillion, a price-to-earnings ratio of 51.66, a PEG ratio of 1.76 and a beta of 1.62.

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

Analyst Ratings Changes

Several brokerages have recently commented on NVDA. HSBC reduced their target price on NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a report on Wednesday. Melius Research increased their price target on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, UBS Group increased their target price on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.21.

Insiders Place Their Bets

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction dated Monday, January 6th. The stock was 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 directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,107,632 shares of company stock valued at $146,405,286. Insiders own 4.23% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NVIDIA stock. Hudson Value Partners LLC boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 30.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,658 shares of the computer hardware maker’s stock after acquiring an additional 11,900 shares during the period. NVIDIA accounts for 2.5% of Hudson Value Partners LLC’s investment portfolio, making the stock its 9th biggest holding. Hudson Value Partners LLC’s holdings in NVIDIA were worth $6,805,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 65.27% of the company’s stock.

About NVIDIA

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.