NVIDIA Co. (NASDAQ:NVDA) to Issue Quarterly Dividend of $0.04

NVIDIA Co. (NASDAQ:NVDA – Get Free Report) declared a quarterly dividend on Tuesday, November twenty first, Zacks stories. Investors of file on Wednesday, December sixth can be given a dividend of 0.04 per share by the pc {hardware} maker on Thursday, December twenty eighth. This represents a $0.16 dividend on an annualized foundation and a yield of 0.03%. The ex-dividend date of this dividend is Tuesday, December fifth. NVIDIA has a dividend payout ratio of 0.9% which means its dividend is sufficiently lined by earnings. Research analysts count on NVIDIA to earn $15.23 per share subsequent yr, which implies the corporate ought to proceed to have the opportunity to cowl its $0.16 annual dividend with an anticipated future payout ratio of 1.1%. NVIDIA Trading Down 2.5 %NASDAQ:NVDA opened at $487.16 on Thursday. NVIDIA has a 12-month low of $138.84 and a 12-month excessive of $505.48. The agency has a market capitalization of $1.20 trillion, a P/E ratio of 64.27, a P/E/G ratio of 3.81 and a beta of 1.69. The firm has a debt-to-equity ratio of 0.31, a present ratio of 2.79 and a fast ratio of 2.37. The enterprise has a 50 day easy shifting common of $446.88 and a 200 day easy shifting common of $427.69. NVIDIA (NASDAQ:NVDA – Get Free Report) final introduced its earnings outcomes on Tuesday, November twenty first. The pc {hardware} maker reported $4.02 earnings per share for the quarter, beating the consensus estimate of $3.03 by $0.99. The agency had income of $18.12 billion for the quarter, in contrast to the consensus estimate of $16.19 billion. NVIDIA had a return on fairness of 78.54% and a web margin of 42.10%. The agency’s income for the quarter was up 205.5% on a year-over-year foundation. During the identical quarter within the earlier yr, the enterprise earned $0.34 EPS. Equities analysis analysts predict that NVIDIA will publish 9.71 EPS for the present yr. Analyst Ratings ChangesSeveral brokerages have weighed in on NVDA. Citigroup reduce their goal value on NVIDIA from $630.00 to $575.00 and set a “purchase” ranking on the inventory in a analysis word on Wednesday, October 18th. Truist Financial lifted their goal value on NVIDIA from $668.00 to $674.00 and gave the corporate a “purchase” ranking in a analysis word on Wednesday. BNP Paribas raised NVIDIA from a “impartial” ranking to an “outperform” ranking and set a $745.00 goal value on the inventory in a analysis word on Thursday, August twenty fourth. Needham & Company LLC reaffirmed a “purchase” ranking and set a $600.00 goal value on shares of NVIDIA in a analysis word on Wednesday. Finally, Raymond James boosted their value goal on NVIDIA from $500.00 to $600.00 and gave the inventory a “strong-buy” ranking in a analysis word on Thursday, August twenty fourth. One equities analysis analyst has rated the inventory with a promote ranking, three have given a maintain ranking, thirty-three have given a purchase ranking and one has issued a robust purchase ranking to the corporate’s inventory. According to MarketBeat, the inventory presently has a median ranking of “Moderate Buy” and a median goal value of $588.38.Get Our Latest Stock Analysis on NVIDIAInsiders Place Their BetsIn different NVIDIA information, CEO Jen Hsun Huang offered 29,688 shares of the corporate’s inventory in a transaction dated Monday, September eleventh. The inventory was offered at a median value of $448.99, for a complete worth of $13,329,615.12. Following the transaction, the chief govt officer now straight owns 7,918,875 shares of the corporate’s inventory, valued at roughly $3,555,495,686.25. The sale was disclosed in a authorized submitting with the SEC, which is accessible by the SEC web site. In different NVIDIA information, CFO Colette Kress offered 4,980 shares of the corporate’s inventory in a transaction dated Monday, August twenty eighth. The inventory was offered at a median value of $460.74, for a complete worth of $2,294,485.20. Following the transaction, the chief monetary officer now straight owns 499,428 shares of the corporate’s inventory, valued at roughly $230,106,456.72. The sale was disclosed in a authorized submitting with the SEC, which is accessible by the SEC web site. Also, CEO Jen Hsun Huang offered 29,688 shares of the corporate’s inventory in a transaction dated Monday, September eleventh. The inventory was offered at a median value of $448.99, for a complete worth of $13,329,615.12. Following the completion of the transaction, the chief govt officer now straight owns 7,918,875 shares within the firm, valued at $3,555,495,686.25. The disclosure for this sale might be discovered right here. Insiders have offered a complete of 145,232 shares of firm inventory valued at $67,606,089 within the final three months. Insiders personal 3.99% of the corporate’s inventory. Institutional Inflows and OutflowsHedge funds have not too long ago purchased and offered shares of the corporate. Imprint Wealth LLC boosted its stake in shares of NVIDIA by 4.2% throughout the 2nd quarter. Imprint Wealth LLC now owns 810 shares of the pc {hardware} maker’s inventory value $343,000 after buying a further 33 shares within the final quarter. Alliancebernstein L.P. boosted its stake in shares of NVIDIA by 2.3% throughout the 2nd quarter. Alliancebernstein L.P. now owns 12,292,177 shares of the pc {hardware} maker’s inventory value $5,199,837,000 after buying a further 277,322 shares within the final quarter. Tradewinds LLC. boosted its stake in shares of NVIDIA by 3.3% throughout the 2nd quarter. Tradewinds LLC. now owns 13,951 shares of the pc {hardware} maker’s inventory value $5,901,000 after buying a further 446 shares within the final quarter. Equitable Holdings Inc. boosted its stake in shares of NVIDIA by 19.4% throughout the 2nd quarter. Equitable Holdings Inc. now owns 64,781 shares of the pc {hardware} maker’s inventory value $27,404,000 after buying a further 10,531 shares within the final quarter. Finally, Invesco LLC purchased a brand new stake in shares of NVIDIA throughout the 2nd quarter value about $1,636,000. 64.79% of the inventory is owned by institutional traders and hedge funds. NVIDIA Company Profile (Get Free Report)NVIDIA Corporation supplies graphics, and compute and networking options within the United States, Taiwan, China, and internationally. The firm’s Graphics phase provides GeForce GPUs for gaming and PCs, the GeForce NOW sport streaming service and associated infrastructure, and options for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software program for cloud-based visible and digital computing; automotive platforms for infotainment techniques; and Omniverse software program for constructing 3D designs and digital worlds.Further StudyingThis instantaneous information alert was generated by narrative science expertise and monetary information from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew prior to publication. Please ship any questions or feedback about this story to [email protected] you think about NVIDIA, you may need to hear this.MarketBeat retains observe of Wall Street’s top-rated and finest performing analysis analysts and the shares they suggest to their shoppers every day. MarketBeat has recognized the 5 shares that high analysts are quietly whispering to their shoppers to purchase now earlier than the broader market catches on… and NVIDIA wasn’t on the listing.While NVIDIA presently has a “Moderate Buy” ranking amongst analysts, top-rated analysts consider these 5 shares are higher buys.View The Five Stocks Here If an organization’s CEO, COO, and CFO have been all promoting shares of their inventory, would you need to know?Get This Free Report

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