NVIDIA's Upcoming Dividend Payment: A Detailed Analysis
As of June 2023, NVIDIA Corporation (NVDA) is set to pay dividends to its shareholders. The graphics processing unit (GPU) company has been a pillar in the technology sector, recognized globally for its significant role in creating some of the most powerful GPUs used in a variety of applications including gaming, data centers, and professional visualization.
On June 30, 2023, NVIDIA has announced it will distribute a dividend of $0.04 per share, identical to the dividend paid previously on March 29, 2023. This consistency in dividend payout shows a steady approach by the company in maintaining its investor relations, offering regular and predictable returns to its shareholders.
The record date, set for June 30, 2023, is the cutoff date established by the company in order to determine which shareholders are eligible to receive a dividend or distribution. As per standard industry practice, the ex-dividend date precedes the record date. NVIDIA has set this date for June 07, 2023.
For potential investors, understanding the ex-dividend date is essential as it determines the ownership of the dividend payout. If shares of NVIDIA are purchased on or after this ex-dividend date, the next dividend payment will not be obtained by the buyer. The dividends will instead remain with the seller. However, if the stocks are purchased before the ex-dividend date, the buyer will be entitled to receive the dividends.
The consistent dividend payment by NVIDIA highlights the company's strong financial stability, a critical aspect for dividend investors. Despite the global economic turbulence experienced in various sectors due to the pandemic, NVIDIA's earnings results show resilience, and its ability to maintain regular dividends underscores the company's commitment to providing value to its shareholders.
However, as with any investment decision, potential shareholders should evaluate more than just the dividend payments. They should also consider the overall financial health of the company, its long-term growth potential, the market trends in the tech industry, and the price of the stock at the time of purchase.
NVIDIA's forthcoming dividend payout of $0.04 per share reveals its stability and dedication to rewarding its shareholders. With the ex-dividend date set for June 07, 2023, prospective investors have a clear timeline for their investment decisions. Nonetheless, a comprehensive assessment of the company and market trends is recommended for an informed investment decision.
NVDA in downward trend: price may decline as a result of having broken its higher Bollinger Band on August 21, 2023
NVDA broke above its upper Bollinger Band on August 21, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 55 similar instances where the stock broke above the upper band. In of the 55 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on NVDA as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for NVDA turned negative on September 07, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
NVDA moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for NVDA crossed bearishly below the 50-day moving average on September 19, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NVDA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for NVDA entered a downward trend on August 21, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for NVDA's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NVDA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: NVDA's P/B Ratio (37.879) is slightly higher than the industry average of (7.984). P/E Ratio (102.041) is within average values for comparable stocks, (53.953). Projected Growth (PEG Ratio) (1.338) is also within normal values, averaging (2.360). NVDA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.022). P/S Ratio (32.154) is also within normal values, averaging (72.684).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of computer graphics processors, chipsets, and related multimedia software
Industry Semiconductors
NVDA and
Correlation & Price change
A.I.dvisor indicates that over the last year, NVDA has been closely correlated with AMD. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if NVDA jumps, then AMD could also see price increases.
| Ticker / NAME | Correlation To NVDA | 1D Price Change % | ||
|---|---|---|---|---|
| NVDA | 100% | -2.89% | ||
| AMD - NVDA | 82% Closely correlated | -4.25% | ||
| AOSL - NVDA | 78% Closely correlated | N/A | ||
| ASML - NVDA | 77% Closely correlated | -1.32% | ||
| MPWR - NVDA | 75% Closely correlated | -2.78% | ||
| MRVL - NVDA | 73% Closely correlated | -2.08% | ||
More | ||||