Nvidia (NVDA) Plans $0.15 Quarterly Dividend

Nvidia (NASDAQ:NVDA) declared a quarterly dividend on Thursday, May 10th, Zacks reports. Stockholders of record on Thursday, May 24th will be paid a dividend of 0.15 per share by the computer hardware maker on Friday, June 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Wednesday, May 23rd.

Shares of Nvidia opened at $247.71 on Friday, according to Marketbeat Ratings. Nvidia has a 1 year low of $242.51 and a 1 year high of $248.51. The firm has a market cap of $149.34 billion, a PE ratio of 53.04, a PEG ratio of 3.39 and a beta of 1.52. The company has a debt-to-equity ratio of 0.26, a current ratio of 8.54 and a quick ratio of 7.82.

Nvidia (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, May 10th. The computer hardware maker reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.58. Nvidia had a net margin of 34.44% and a return on equity of 52.18%. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 65.6% compared to the same quarter last year. analysts anticipate that Nvidia will post 7.08 earnings per share for the current year.

Several equities analysts have recently issued reports on the stock. SunTrust Banks boosted their price target on shares of Nvidia to $316.00 and gave the company a “buy” rating in a report on Friday, May 11th. Bank of America reissued a “buy” rating and set a $340.00 price target on shares of Nvidia in a report on Friday, May 11th. Stifel Nicolaus boosted their price target on shares of Nvidia from $220.00 to $243.00 and gave the company a “hold” rating in a report on Friday, May 11th. B. Riley boosted their price target on shares of Nvidia from $290.00 to $300.00 and gave the company a “buy” rating in a report on Friday, May 11th. Finally, Rosenblatt Securities boosted their price target on shares of Nvidia from $300.00 to $315.00 in a report on Friday, May 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. Nvidia presently has an average rating of “Buy” and a consensus target price of $255.65.

In related news, EVP Ajay K. Puri sold 38,676 shares of Nvidia stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $255.36, for a total value of $9,876,303.36. Following the transaction, the executive vice president now owns 508,962 shares of the company’s stock, valued at approximately $129,968,536.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Persis Drell sold 5,141 shares of Nvidia stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of $220.73, for a total value of $1,134,772.93. Following the completion of the transaction, the director now directly owns 20,963 shares in the company, valued at approximately $4,627,162.99. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 624 shares of company stock worth $10,998 and sold 75,969 shares worth $18,708,706. 4.70% of the stock is currently owned by insiders.

About Nvidia

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

Dividend History for Nvidia (NASDAQ:NVDA)

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