NVIDIA Corporation Declares Quarterly Dividend of $0.01 (NASDAQ:NVDA)

NVIDIA Corporation (NASDAQ:NVDA) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Wednesday, March 11th will be given a dividend of 0.01 per share by the computer hardware maker on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 0.0%. The ex-dividend date is Wednesday, March 11th.

NVIDIA has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. NVIDIA has a dividend payout ratio of 0.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 5.2%

Shares of NASDAQ:NVDA traded down $10.14 on Thursday, reaching $185.42. The company had a trading volume of 103,164,373 shares, compared to its average volume of 169,795,688. The stock has a market capitalization of $4.51 trillion, a P/E ratio of 46.18, a P/E/G ratio of 0.58 and a beta of 2.31. The stock has a 50-day moving average price of $186.30 and a 200 day moving average price of $183.88. NVIDIA has a twelve month low of $86.62 and a twelve month high of $212.19. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. The business had revenue of $68.13 billion for the quarter, compared to the consensus estimate of $65.56 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The firm’s revenue was up 73.2% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. On average, equities analysts expect that NVIDIA will post 2.77 EPS for the current year.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 222,500 shares of NVIDIA stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $180.17, for a total transaction of $40,087,825.00. Following the sale, the director owned 7,621,453 shares of the company’s stock, valued at approximately $1,373,157,187.01. This trade represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $177.33, for a total value of $44,332,500.00. Following the completion of the transaction, the director owned 6,933,280 shares of the company’s stock, valued at $1,229,478,542.40. The trade was a 3.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,610,848 shares of company stock worth $291,619,375 over the last 90 days. Insiders own 4.17% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tempo Wealth LLC bought a new position in shares of NVIDIA during the 4th quarter worth approximately $16,031,000. Thryve Wealth Management LLC acquired a new position in NVIDIA during the fourth quarter worth $4,058,000. Mariner Investment Group LLC lifted its holdings in shares of NVIDIA by 597.0% during the fourth quarter. Mariner Investment Group LLC now owns 497,000 shares of the computer hardware maker’s stock valued at $92,690,000 after acquiring an additional 597,000 shares during the period. KW Wealth Management LLC boosted its stake in shares of NVIDIA by 1.2% in the 4th quarter. KW Wealth Management LLC now owns 7,394 shares of the computer hardware maker’s stock valued at $1,379,000 after purchasing an additional 89 shares in the last quarter. Finally, MidFirst Bank acquired a new stake in shares of NVIDIA in the 4th quarter valued at $66,446,000. 65.27% of the stock is owned by institutional investors.

About NVIDIA

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.