Orlando, FL -- (SBWIRE) -- 08/20/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On NVIDIA Corporation (NASDAQ:NVDA), SanDisk Corporation(NASDAQ:SNDK).
NVIDIA Corporation (NASDAQ:NVDA) shares gained 0.91% to $15.01. Nomura reiterated their buy rating on shares of NVIDIA in a research note released on August 10. They currently have a $17.00 target price on the stock, up from their previous target price of $15.00.
Additionally, the company on August 8 reported revenue for the second quarter of fiscal 2014, ended July 28, 2013, of $977.2 million, up 2.4 percent from $954.7 million in the previous quarter. GAAP earnings per diluted share were $0.16, up 23.1 percent from $0.13 in the previous quarter. Non-GAAP earnings per diluted share were $0.23, up 27.8 percent from $0.18 in the previous quarter.
Moreover, the company will begin trading ex-dividend on August 20, 2013. A cash dividend payment of $0.075 per share is scheduled to be paid on September 13, 2013. Shareholders who purchased NVDA stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that NVDA has paid the same dividend.
Are investors worried about the recent updates with NVDA? Find out with a free trend analysis HERE
SanDisk Corporation(NASDAQ:SNDK) shares gained 0.91% to $55.71. The company will begin trading ex-dividend on August 08, 2013. A cash dividend payment of $0.225 per share is scheduled to be paid on August 30, 2013. Shareholders who purchased SNDK stock prior to the ex-dividend date are eligible for the cash dividend payment.
Additionally, the company on August 12 announced that its strategic investment arm, SanDisk Ventures, has invested in Tegile Systems. Tegile is bringing a new generation of affordable hybrid storage arrays incorporating flash technology to enterprise customers. The Tegile solution provides better price-performance than traditional all-hard-disk-drive (HDD) storage arrays and offers a compelling way to address evolving enterprise requirements in a cost-effective manner. Specific financial terms of the SanDisk investment were not disclosed.
Is SNDK going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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