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NVIDIA CORPORATION

(NVDA)
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Nvidia sets 4-for-1 stock split, shares rise

05/21/2021 | 09:37am EDT

May 21 (Reuters) - Nvidia Corp on Friday announced a four-for-one stock split as it looks to make its stock less expensive for investors, sending the chipmaker's shares up 3%.

The company's stock, which was last up at over $600 in premarket trading, has gained nearly 12% this year after its value more than doubled in 2020.

Stock splits can potentially attract retail investors who make small trades. However, as brokerages increasingly allow customers to buy parts of shares, the benefit of share splits appears to have diluted over time.

Apple split its stock 4-for-1, while electric carmaker Tesla split its stock 5-for-1 last year, with both companies saying they aimed to make their shares more affordable to individual investors.

Santa Clara, California-based Nvidia said stock holders of record on July 21 would receive dividend of three additional shares after the close of trading on July 19, with the stock trading on a split-adjusted basis beginning July 20.

The announced split will require stockholder approval at the company's annual meeting in June.

(Reporting by Akanksha Rana; Editing by Ramakrishnan M. and Vinay Dwivedi)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.76% 146.8701 Delayed Quote.9.92%
NVIDIA CORPORATION 1.96% 223.62 Delayed Quote.68.07%
TESLA, INC. 0.35% 753.35 Delayed Quote.6.56%
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Analyst Recommendations on NVIDIA CORPORATION
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Financials (USD)
Sales 2022 25 760 M - -
Net income 2022 8 775 M - -
Net cash 2022 11 397 M - -
P/E ratio 2022 65,8x
Yield 2022 0,08%
Capitalization 548 B 548 B -
EV / Sales 2022 20,8x
EV / Sales 2023 18,2x
Nbr of Employees 18 975
Free-Float 62,0%
Chart NVIDIA CORPORATION
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NVIDIA Corporation Technical Analysis Chart | NVDA | US67066G1040 | MarketScreener
Technical analysis trends NVIDIA CORPORATION
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Mean consensus BUY
Number of Analysts 42
Last Close Price 219,41 $
Average target price 224,71 $
Spread / Average Target 2,42%
EPS Revisions
Managers and Directors
Jen Hsun Huang President, Chief Executive Officer & Director
Colette M. Kress Chief Financial Officer & Executive Vice President
William James Dally Chief Scientist & Senior Vice President-Research
Tony Tamasi Senior Vice President-Content & Technology
Debora Shoquist Executive Vice President-Operations
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