Jen Hsun Huang Sells 120,000 Shares of NVIDIA Co. (NASDAQ:NVDA) Stock

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $124.88, for a total value of $14,985,600.00. Following the transaction, the chief executive officer now owns 80,334,995 shares in the company, valued at approximately $10,032,234,175.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 stock was 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 stock was sold at an average price of $128.74, for a total value of $15,448,800.00.

NVIDIA Stock Down 0.4 %

NVIDIA stock traded down $0.45 during mid-day trading on Friday, hitting $123.54. 314,961,593 shares of the company’s stock were exchanged, compared to its average volume of 484,635,125. The stock has a market cap of $3.04 trillion, a P/E ratio of 73.82, a P/E/G ratio of 1.33 and a beta of 1.70. The stock has a 50 day moving average of $104.51 and a two-hundred day moving average of $82.41. NVIDIA Co. has a 1-year low of $39.23 and a 1-year high of $140.76. The company has a current ratio of 3.53, a quick ratio of 3.14 and a debt-to-equity ratio of 0.17.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.10. The company had revenue of $26.04 billion for the quarter, compared to the consensus estimate of $24.59 billion. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The firm’s revenue was up 262.1% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. As a group, analysts anticipate that NVIDIA Co. will post 2.52 EPS for the current fiscal year.

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be given a $0.10 dividend. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Tuesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is currently 2.34%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NVDA shares. Mizuho boosted their price objective on NVIDIA from $118.00 to $127.50 and gave the company a “buy” rating in a report on Tuesday, June 4th. Cantor Fitzgerald boosted their price objective on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday. StockNews.com lowered NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 18th. Argus boosted 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, CICC Research began coverage on NVIDIA in a research report on Wednesday, March 6th. They set an “outperform” rating and a $87.00 price objective for the company. Five analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $123.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. acquired a new stake in shares of NVIDIA during the first quarter worth approximately $26,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of NVIDIA during the first quarter worth approximately $27,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $28,000. Criterion Capital Advisors LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $28,000. Finally, HBC Financial Services PLLC acquired a new stake in shares of NVIDIA during the first quarter worth approximately $30,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Company Profile

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.