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

NVIDIA Co. (NASDAQ:NVDA – Get Rating) declared a quarterly dividend on Wednesday, May 24th, Zacks reports. Shareholders of record on Thursday, June 8th will be given a dividend of 0.04 per share by the computer hardware maker on Friday, June 30th. This represents a $0.16 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, June 7th.

NVIDIA has a payout ratio of 2.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NVIDIA to earn $4.79 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 3.3%.

NVIDIA Trading Up 24.4 %

NASDAQ NVDA opened at $379.80 on Friday. NVIDIA has a twelve month low of $108.13 and a twelve month high of $394.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.73 and a current ratio of 3.52. The stock has a market cap of $939.29 billion, a price-to-earnings ratio of 197.81, a PEG ratio of 5.31 and a beta of 1.77. The firm’s 50 day moving average price is $280.52 and its two-hundred day moving average price is $218.29.

NVIDIA (NASDAQ:NVDA – Get Rating) last posted its quarterly earnings data on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. NVIDIA had a net margin of 18.52% and a return on equity of 24.18%. The firm had revenue of $7.19 billion for the quarter, compared to analysts’ expectations of $6.52 billion. During the same period in the previous year, the company posted $1.18 EPS. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. Equities analysts anticipate that NVIDIA will post 3.28 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Susquehanna boosted their price target on shares of NVIDIA from $350.00 to $450.00 in a report on Thursday. Tigress Financial boosted their price target on shares of NVIDIA from $250.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, March 30th. Sanford C. Bernstein boosted their price target on shares of NVIDIA from $300.00 to $475.00 in a report on Thursday. Barclays boosted their price target on shares of NVIDIA from $275.00 to $500.00 in a report on Thursday. Finally, Craig Hallum raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $500.00 price objective for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $375.13.

Insider Activity at NVIDIA

In other NVIDIA news, EVP Debora Shoquist sold 23,084 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $305.00, for a total transaction of $7,040,620.00. Following the sale, the executive vice president now directly owns 139,860 shares of the company’s stock, valued at $42,657,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Mark L. Perry sold 20,000 shares of the stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $236.37, for a total transaction of $4,727,400.00. Following the sale, the director now directly owns 140,000 shares of the company’s stock, valued at $33,091,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Debora Shoquist sold 23,084 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $305.00, for a total transaction of $7,040,620.00. Following the sale, the executive vice president now directly owns 139,860 shares in the company, valued at $42,657,300. The disclosure for this sale can be found here. Insiders have sold a total of 54,084 shares of company stock valued at $14,516,510 over the last quarter. 3.99% of the stock is owned by company insiders.

Institutional Trading of NVIDIA

Hedge funds have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of NVIDIA during the first quarter valued at approximately $34,000. Compass Wealth Management LLC acquired a new position in NVIDIA in the fourth quarter valued at approximately $39,000. HBC Financial Services PLLC lifted its holdings in NVIDIA by 50.0% in the second quarter. HBC Financial Services PLLC now owns 300 shares of the computer hardware maker’s stock valued at $47,000 after buying an additional 100 shares during the period. Castleview Partners LLC lifted its holdings in NVIDIA by 104.8% in the first quarter. Castleview Partners LLC now owns 172 shares of the computer hardware maker’s stock valued at $48,000 after buying an additional 88 shares during the period. Finally, True Wealth Design LLC acquired a new position in NVIDIA in the fourth quarter valued at approximately $62,000. 61.80% of the stock is owned by institutional investors.

About NVIDIA

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.