NVIDIA Co. (NASDAQ:NVDA) CEO Sells $15,432,000.00 in Stock

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $128.60, for a total value of $15,432,000.00. Following the transaction, the chief executive officer now owns 79,494,995 shares of the company’s stock, valued at approximately $10,223,056,357. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jen Hsun Huang also recently made the following trade(s):

• On Wednesday, July 10th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $134.10, for a total value of $16,092,000.00.
• On Friday, July 5th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $127.14, for a total value of $15,256,800.00.
• On Wednesday, July 3rd, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $124.28, for a total transaction of $14,913,600.00.
• On Monday, July 1st, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $122.78, for a total transaction of $14,733,600.00.
• On Friday, June 28th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $125.04, for a total transaction of $15,004,800.00.
• On Wednesday, June 26th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $124.88, for a total value of $14,985,600.00.
• On Monday, June 24th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $120.84, for a total value of $14,500,800.00.
• On Thursday, June 20th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $135.87, for a total value of $16,304,400.00.
• On Thursday, June 13th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $128.74, for a total transaction of $15,448,800.00.

NVIDIA Stock Performance

Shares of NVDA stock opened at $127.40 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.14. NVIDIA Co. has a one year low of $39.23 and a one year high of $140.76. The business’s 50 day simple moving average is $114.17 and its 200 day simple moving average is $88.18. The stock has a market capitalization of $3.13 trillion, a PE ratio of 74.50, a PEG ratio of 1.35 and a beta of 1.68.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.10. The company had revenue of $26.04 billion during the quarter, compared to analysts’ expectations of $24.59 billion. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. NVIDIA’s revenue for the quarter was up 262.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 earnings per share. As a group, research analysts forecast that NVIDIA Co. will post 2.53 earnings per share for the current year.

NVIDIA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 11th were given a dividend of $0.10 per share. This is a positive change from NVIDIA’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, June 11th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. NVIDIA’s dividend payout ratio is presently 2.34%.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds have recently added to or reduced their stakes in NVDA. Hamilton Wealth LLC lifted its position in shares of NVIDIA by 0.3% during the 1st quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker’s stock valued at $2,839,000 after acquiring an additional 9 shares during the period. Brooklyn FI LLC raised its holdings in shares of NVIDIA by 2.5% during the first quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker’s stock valued at $442,000 after purchasing an additional 12 shares during the period. Curran Financial Partners LLC boosted its position in shares of NVIDIA by 1.8% during the 1st quarter. Curran Financial Partners LLC now owns 691 shares of the computer hardware maker’s stock worth $625,000 after purchasing an additional 12 shares in the last quarter. Beacon Bridge Wealth Partners LLC boosted its position in shares of NVIDIA by 2.6% during the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 473 shares of the computer hardware maker’s stock worth $428,000 after purchasing an additional 12 shares in the last quarter. Finally, M. Kraus & Co increased its position in NVIDIA by 2.0% in the 1st quarter. M. Kraus & Co now owns 657 shares of the computer hardware maker’s stock valued at $594,000 after buying an additional 13 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. New Street Research cut shares of NVIDIA from a “buy” rating to a “neutral” rating in a research note on Friday, July 5th. Wedbush boosted their price target on NVIDIA from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Robert W. Baird raised their price objective on NVIDIA from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, May 20th. Argus lifted their price objective on NVIDIA from $110.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Finally, The Goldman Sachs Group increased their target price on NVIDIA from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Six equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus price target of $128.29.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.