NVIDIA Co. (NASDAQ:NVDA) CEO Sells $14,300,400.00 in Stock

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $119.17, for a total value of $14,300,400.00. Following the sale, the chief executive officer now directly owns 78,654,995 shares in the company, valued at approximately $9,373,315,754.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 shares were 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 stock was sold at an average price of $134.10, for a total transaction 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.
• On Friday, July 5th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $127.14, for a total transaction 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 value of $14,913,600.00.
• On Monday, July 1st, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $122.78, for a total value of $14,733,600.00.
• On Friday, June 28th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $125.04, for a total value of $15,004,800.00.
• 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 transaction 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 transaction of $14,500,800.00.

NVIDIA Stock Down 2.6 %

NVDA stock opened at $117.93 on Monday. The stock has a market cap of $2.90 trillion, a P/E ratio of 68.97, a P/E/G ratio of 1.24 and a beta of 1.68. The company has a current ratio of 3.53, a quick ratio of 3.14 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $118.18 and its two-hundred day simple moving average is $91.88. NVIDIA Co. has a 1-year low of $39.23 and a 1-year high of $140.76.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results 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. The company had revenue of $26.04 billion for the quarter, compared to the consensus estimate of $24.59 billion. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The firm’s quarterly revenue was up 262.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. Analysts expect that NVIDIA Co. will post 2.53 EPS for the current year.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 11th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Tuesday, June 11th. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s payout ratio is 2.34%.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of analyst reports. Cantor Fitzgerald lifted their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. Truist Financial reissued a “buy” rating and issued a $140.00 price objective (up from $128.80) on shares of NVIDIA in a research report on Thursday, June 27th. Rosenblatt Securities upped their target price on NVIDIA from $140.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Argus lifted their target price on NVIDIA from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Finally, Morgan Stanley increased their price target on NVIDIA from $116.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, July 1st. Six investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $129.76.

Hedge Funds Weigh In On NVIDIA

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lowe Wealth Advisors LLC bought a new position in shares of NVIDIA during the 2nd quarter worth $25,000. DHJJ Financial Advisors Ltd. boosted its position in NVIDIA by 1,900.0% during the second quarter. DHJJ Financial Advisors Ltd. now owns 200 shares of the computer hardware maker’s stock worth $25,000 after purchasing an additional 190 shares during the period. FPC Investment Advisory Inc. purchased a new position in shares of NVIDIA in the first quarter worth about $26,000. CGC Financial Services LLC bought a new stake in shares of NVIDIA in the second quarter valued at approximately $26,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of NVIDIA during the 1st quarter valued at approximately $27,000. 65.27% of the stock is owned by institutional investors.

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.