NVIDIA Corporation (NVDA) To Go Ex-Dividend on June 4th

NVIDIA Corporation (NASDAQ:NVDA) announced a quarterly dividend on Wednesday, May 20th. Investors of record on Thursday, June 4th will be paid a dividend of 0.25 per share by the computer hardware maker on Friday, June 26th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, June 4th. This is a 2,400.0% increase from NVIDIA’s previous quarterly dividend of $0.01.

NVIDIA has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. NVIDIA has a payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect NVIDIA to earn $10.88 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 9.2%.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $224.36 on Tuesday. The business has a 50 day moving average price of $200.19 and a 200 day moving average price of $189.85. NVIDIA has a twelve month low of $135.40 and a twelve month high of $236.54. The company has a market cap of $5.43 trillion, a price-to-earnings ratio of 34.36, a PEG ratio of 0.51 and a beta of 2.22. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm had revenue of $81.62 billion during the quarter, compared to the consensus estimate of $78.42 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 85.2% compared to the same quarter last year. Research analysts predict that NVIDIA will post 8.04 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Ajay K. Puri sold 300,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total value of $54,675,000.00. Following the completion of the transaction, the executive vice president directly owned 3,018,547 shares of the company’s stock, valued at approximately $550,130,190.75. This represents a 9.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 221,682 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $173.68, for a total value of $38,501,729.76. Following the completion of the transaction, the director directly owned 7,399,771 shares of the company’s stock, valued at approximately $1,285,192,227.28. The trade was a 2.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 906,961 shares of company stock worth $162,936,268 in the last 90 days. 3.94% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp increased its holdings in NVIDIA by 1.2% during the 4th quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker’s stock valued at $184,911,111,000 after purchasing an additional 11,451,386 shares in the last quarter. Geode Capital Management LLC increased its holdings in NVIDIA by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker’s stock valued at $109,446,217,000 after purchasing an additional 3,383,441 shares in the last quarter. Norges Bank bought a new position in NVIDIA in the 4th quarter valued at $62,244,133,000. Bank of America Corp DE boosted its position in NVIDIA by 2.1% in the 1st quarter. Bank of America Corp DE now owns 191,200,989 shares of the computer hardware maker’s stock valued at $33,345,453,000 after buying an additional 4,019,505 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in NVIDIA by 1.5% in the 3rd quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker’s stock valued at $33,808,862,000 after buying an additional 2,609,560 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

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.