NVIDIA Co. (NASDAQ:NVDA) CEO Sells $13,564,800.00 in Stock

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $113.04, for a total transaction of $13,564,800.00. Following the transaction, the chief executive officer now owns 77,334,995 shares in the company, valued at approximately $8,741,947,834.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, July 30th, Jen Hsun Huang 120,000 shares of NVIDIA stock.
• On Friday, July 26th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $113.54, for a total value of $13,624,800.00.
• On Wednesday, July 24th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $117.24, for a total transaction of $14,068,800.00.
• On Monday, July 22nd, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $122.23, for a total transaction of $14,667,600.00.
• On Friday, July 19th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $119.06, for a total transaction of $14,287,200.00.
• On Wednesday, July 17th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $119.17, for a total value of $14,300,400.00.
• On Monday, July 15th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $128.92, for a total value of $15,470,400.00.
• On Friday, July 12th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $130.03, for a total value of $15,603,600.00.
• 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 Monday, July 8th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $128.60, for a total transaction of $15,432,000.00.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $107.27 on Monday. NVIDIA Co. has a 52 week low of $39.23 and a 52 week high of $140.76. The company has a quick ratio of 3.14, a current ratio of 3.53 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.64 trillion, a P/E ratio of 62.73, a P/E/G ratio of 1.15 and a beta of 1.68. The business’s 50 day moving average price is $121.70 and its 200 day moving average price is $96.11.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The firm had revenue of $26.04 billion for the quarter, compared to analyst estimates of $24.59 billion. During the same quarter in the prior year, the business earned $0.09 earnings per share. The business’s quarterly revenue was up 262.1% compared to the same quarter last year. On average, sell-side analysts expect that NVIDIA Co. will post 2.53 earnings per share for the current year.

NVIDIA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Tuesday, June 11th. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s payout ratio is 2.34%.

Institutional Trading of NVIDIA

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hamilton Wealth LLC increased its holdings 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 purchasing an additional 9 shares in the last quarter. Brooklyn FI LLC increased its holdings in NVIDIA by 2.5% in the first quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker’s stock valued at $442,000 after buying an additional 12 shares in the last quarter. Curran Financial Partners LLC raised its position in shares of NVIDIA by 1.8% in the first quarter. Curran Financial Partners LLC now owns 691 shares of the computer hardware maker’s stock worth $625,000 after acquiring an additional 12 shares during the period. Beacon Bridge Wealth Partners LLC boosted its stake 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 acquiring an additional 12 shares in the last quarter. Finally, M. Kraus & Co grew its position in shares of NVIDIA by 2.0% during the 1st quarter. M. Kraus & Co now owns 657 shares of the computer hardware maker’s stock valued at $594,000 after acquiring an additional 13 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Oppenheimer restated an “outperform” rating and set a $110.00 price objective on shares of NVIDIA in a research report on Thursday, May 23rd. Citigroup boosted their price objective on NVIDIA from $126.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Robert W. Baird increased their target price on NVIDIA from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. Susquehanna boosted their price target on NVIDIA from $120.00 to $145.00 and gave the stock a “positive” rating in a report on Monday, June 10th. Finally, Morgan Stanley increased their price objective on shares of NVIDIA from $116.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, July 1st. Six 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 data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $131.59.

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.