NVIDIA Co. (NASDAQ:NVDA) CEO Sells $14,500,800.00 in Stock

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $120.84, for a total value of $14,500,800.00. Following the completion of the sale, the chief executive officer now directly owns 80,574,995 shares of the company’s stock, valued at $9,736,682,395.80. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, June 26th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $124.88, for a total value of $14,985,600.00.
• 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 transaction 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 Down 0.4 %

NVDA opened at $123.54 on Friday. The company has a market capitalization of $3.04 trillion, a P/E ratio of 72.25, a P/E/G ratio of 1.33 and a beta of 1.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.14. The firm’s fifty day moving average price is $106.24 and its two-hundred day moving average price is $83.23. NVIDIA Co. has a fifty-two week low of $39.23 and a fifty-two week high of $140.76.

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

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th were issued a $0.10 dividend. The ex-dividend date was Tuesday, June 11th. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. NVIDIA’s dividend payout ratio is presently 2.34%.

Institutional Trading of NVIDIA

Several institutional investors have recently bought and sold shares of the stock. Acorns Advisers LLC acquired a new stake in NVIDIA during the 3rd quarter valued at $485,000. EPG Wealth Management LLC raised its holdings in shares of NVIDIA by 5.4% in the third quarter. EPG Wealth Management LLC now owns 14,055 shares of the computer hardware maker’s stock valued at $6,114,000 after buying an additional 726 shares during the last quarter. Addison Capital Co lifted its position in NVIDIA by 1.8% during the 3rd quarter. Addison Capital Co now owns 1,613 shares of the computer hardware maker’s stock worth $701,000 after buying an additional 28 shares in the last quarter. Insight Holdings Group LLC grew its holdings in NVIDIA by 3.4% during the 3rd quarter. Insight Holdings Group LLC now owns 30,300 shares of the computer hardware maker’s stock worth $13,180,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Brasada Capital Management LP acquired a new stake in NVIDIA in the 3rd quarter valued at about $2,189,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of research reports. StockNews.com downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Wedbush upped their target price on NVIDIA from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. KeyCorp boosted their price target on NVIDIA from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of NVIDIA in a research report on Monday, June 10th. Finally, Melius Research boosted their target price on shares of NVIDIA from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Five research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $123.80.

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.