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

NVIDIA Co. (NASDAQ:NVDA) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Wednesday, March 12th will be paid a dividend of 0.01 per share by the computer hardware maker on Wednesday, April 2nd. This represents a $0.04 annualized dividend and a dividend yield of 0.03%.

NVIDIA has increased its dividend payment by an average of 33.4% per year over the last three years. NVIDIA has a 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 Trading Up 3.7 %

Shares of NVDA stock opened at $131.28 on Thursday. The stock has a market cap of $3.22 trillion, a price-to-earnings ratio of 51.66, a PEG ratio of 1.76 and a beta of 1.62. The stock has a 50-day moving average of $134.60 and a 200-day moving average of $131.89. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA has a 1-year low of $75.61 and a 1-year high of $153.13.

Insiders Place Their Bets

In related news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,107,632 shares of company stock worth $146,405,286. Company insiders own 4.23% of the company’s stock.

Institutional Trading of NVIDIA

A hedge fund recently raised its stake in NVIDIA stock. Hudson Value Partners LLC boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 30.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,658 shares of the computer hardware maker’s stock after acquiring an additional 11,900 shares during the quarter. NVIDIA accounts for approximately 2.5% of Hudson Value Partners LLC’s holdings, making the stock its 9th largest position. Hudson Value Partners LLC’s holdings in NVIDIA were worth $6,805,000 at the end of the most recent quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America increased their price target on NVIDIA from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday. Phillip Securities reaffirmed an “accumulate” rating and set a $160.00 target price (up previously from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Truist Financial raised their target price on NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Mizuho raised their target price on NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.70.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.