Nvidia Corp. (NVDA) To Go Ex-Dividend on November 23rd
Nvidia Corp. (NASDAQ:NVDA) declared a quarterly dividend on Thursday, November 10th. Investors of record on Monday, November 28th will be given a dividend of 0.14 per share by the computer hardware maker on Monday, December 19th. This represents a $0.56 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Wednesday, November 23rd. This is a boost from Nvidia Corp.’s previous quarterly dividend of $0.12.
Nvidia Corp. (NASDAQ:NVDA) opened at 92.98 on Tuesday. The company has a 50-day moving average of $72.58 and a 200 day moving average of $58.49. The company has a market capitalization of $50.02 billion, a P/E ratio of 47.51 and a beta of 1.17. Nvidia Corp. has a 12-month low of $24.75 and a 12-month high of $94.79.
Nvidia Corp. (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, November 10th. The computer hardware maker reported $0.94 EPS for the quarter, topping the consensus estimate of $0.57 by $0.37. Nvidia Corp. had a net margin of 19.52% and a return on equity of 26.82%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Nvidia Corp.’s quarterly revenue was up 53.6% on a year-over-year basis. Equities research analysts forecast that Nvidia Corp. will post $2.42 earnings per share for the current fiscal year.
Several research firms recently commented on NVDA. B. Riley reissued a “buy” rating and set a $64.50 price objective on shares of Nvidia Corp. in a research note on Friday, August 5th. Argus boosted their price objective on shares of Nvidia Corp. from $54.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, August 15th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $71.58.
In related news, insider Jen Hsun Huang sold 43,727 shares of Nvidia Corp. stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $62.81, for a total value of $2,746,492.87. Following the completion of the sale, the insider now directly owns 1,827,279 shares in the company, valued at approximately $114,771,393.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tench Coxe sold 48,000 shares of Nvidia Corp. stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $63.66, for a total transaction of $3,055,680.00. The disclosure for this sale can be found here. 5.82% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board boosted its stake in Nvidia Corp. by 16.9% in the second quarter. Public Sector Pension Investment Board now owns 96,198 shares of the computer hardware maker’s stock worth $4,522,000 after buying an additional 13,900 shares during the period. GAM Holding AG boosted its stake in Nvidia Corp. by 69.8% in the second quarter. GAM Holding AG now owns 91,042 shares of the computer hardware maker’s stock worth $4,280,000 after buying an additional 37,415 shares during the period. Atlantic Trust Group LLC boosted its stake in Nvidia Corp. by 0.3% in the second quarter. Atlantic Trust Group LLC now owns 27,441 shares of the computer hardware maker’s stock worth $1,289,000 after buying an additional 81 shares during the period. Employees Retirement System of Texas boosted its stake in Nvidia Corp. by 51.5% in the second quarter. Employees Retirement System of Texas now owns 67,700 shares of the computer hardware maker’s stock worth $3,183,000 after buying an additional 23,000 shares during the period. Finally, Tredje AP fonden boosted its stake in Nvidia Corp. by 360.3% in the second quarter. Tredje AP fonden now owns 28,860 shares of the computer hardware maker’s stock worth $1,357,000 after buying an additional 22,590 shares during the period. Institutional investors own 86.85% of the company’s stock.
Nvidia Corp. Company Profile
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
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