NVIDIA Corporation (NASDAQ:NVDA) announced its earnings results on Thursday. The computer hardware maker reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.39, Bloomberg Earnings reports. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period last year, the firm earned $0.94 earnings per share.

Shares of NVIDIA Corporation (NASDAQ:NVDA) traded up $10.82 during mid-day trading on Friday, reaching $216.14. 31,293,289 shares of the company’s stock were exchanged, compared to its average volume of 17,772,615. NVIDIA Corporation has a twelve month low of $78.50 and a twelve month high of $218.67. The company has a quick ratio of 6.99, a current ratio of 7.82 and a debt-to-equity ratio of 0.33. The company has a market cap of $129,680.00, a P/E ratio of 58.75, a price-to-earnings-growth ratio of 5.17 and a beta of 1.23.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. This is an increase from NVIDIA Corporation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA Corporation’s dividend payout ratio is presently 16.05%.

A number of research analysts recently issued reports on NVDA shares. Citigroup Inc. reissued a “buy” rating and issued a $180.00 price objective on shares of NVIDIA Corporation in a research note on Thursday, August 10th. Canaccord Genuity reissued a “buy” rating and issued a $180.00 price objective (up from $155.00) on shares of NVIDIA Corporation in a research note on Monday, July 24th. Summit Redstone reissued a “buy” rating on shares of NVIDIA Corporation in a research note on Saturday, July 22nd. Mizuho reissued a “buy” rating and issued a $170.00 price objective on shares of NVIDIA Corporation in a research note on Friday, July 21st. Finally, Bank of America Corporation reissued a “buy” rating on shares of NVIDIA Corporation in a research note on Monday, August 7th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. NVIDIA Corporation has a consensus rating of “Hold” and an average price target of $183.27.

In other NVIDIA Corporation news, EVP Debora Shoquist sold 33,498 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $189.24, for a total value of $6,339,161.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Byron sold 409 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $171.01, for a total transaction of $69,943.09. Following the completion of the sale, the insider now directly owns 136,199 shares of the company’s stock, valued at $23,291,390.99. The disclosure for this sale can be found here. Insiders sold a total of 452,784 shares of company stock valued at $81,437,724 over the last ninety days. 5.82% of the stock is currently owned by insiders.

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NVIDIA Corporation Company Profile

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.

Earnings History for NVIDIA Corporation (NASDAQ:NVDA)

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