NVIDIA Co. (NASDAQ:NVDA) announced a quarterly dividend on Thursday, February 8th, RTT News reports. Stockholders of record on Friday, February 23rd will be given a dividend of 0.15 per share by the computer hardware maker on Friday, March 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%.
NVIDIA (NASDAQ:NVDA) traded up $6.37 during mid-day trading on Friday, hitting $223.89. 16,038,827 shares of the stock were exchanged, compared to its average volume of 15,244,105. NVIDIA has a twelve month low of $95.17 and a twelve month high of $249.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. The firm has a market capitalization of $136,270.00, a P/E ratio of 56.47, a P/E/G ratio of 4.77 and a beta of 1.43.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.56. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the company earned $1.13 earnings per share. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. research analysts forecast that NVIDIA will post 4.2 EPS for the current fiscal year.
NVDA has been the subject of a number of research reports. Oppenheimer reaffirmed a “hold” rating on shares of NVIDIA in a report on Sunday, November 5th. Bank of America reaffirmed a “buy” rating and issued a $275.00 price objective (up previously from $251.00) on shares of NVIDIA in a report on Friday, January 19th. B. Riley reaffirmed a “buy” rating and issued a $270.00 price objective on shares of NVIDIA in a report on Monday, January 8th. Jefferies Group lifted their price objective on shares of NVIDIA from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Finally, Barclays lifted their price objective on shares of NVIDIA from $200.00 to $225.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-five have assigned a buy rating to the company. NVIDIA currently has a consensus rating of “Buy” and a consensus price target of $207.65.
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Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, 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.
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