NVIDIA Co. (NASDAQ:NVDA) CEO Sells $12,892,800.00 in Stock

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $107.44, for a total value of $12,892,800.00. Following the completion of the transaction, the chief executive officer now owns 76,135,836 shares of the company’s stock, valued at approximately $8,180,034,219.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, September 3rd, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $110.76, for a total value of $13,291,200.00.
• On Friday, August 30th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $119.03, for a total value of $14,283,600.00.
• On Friday, August 9th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $104.83, for a total value of $12,579,600.00.
• On Wednesday, August 7th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $103.85, for a total value of $12,462,000.00.
• On Monday, August 5th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $99.81, for a total value of $11,977,200.00.
• On Thursday, August 1st, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $113.04, for a total value of $13,564,800.00.
• 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 value 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 value of $14,667,600.00.
• On Friday, July 19th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $119.06, for a total value of $14,287,200.00.

NVIDIA Price Performance

Shares of NVDA stock opened at $102.83 on Friday. The stock has a market cap of $2.53 trillion, a price-to-earnings ratio of 60.13, a PEG ratio of 1.24 and a beta of 1.67. The business’s fifty day moving average is $118.61 and its 200 day moving average is $104.38. NVIDIA Co. has a twelve month low of $39.23 and a twelve month high of $140.76. The company has a quick ratio of 3.14, a current ratio of 4.27 and a debt-to-equity ratio of 0.15.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. The company had revenue of $30.04 billion for the quarter, compared to analysts’ expectations of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The firm’s revenue for the quarter was up 122.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 earnings per share. Research analysts expect that NVIDIA Co. will post 2.6 EPS for the current fiscal year.

NVIDIA announced that its board has approved a stock buyback program on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

NVIDIA Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Thursday, September 12th. NVIDIA’s dividend payout ratio (DPR) is 2.34%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NVDA shares. Wedbush restated an “outperform” rating and issued a $138.00 target price on shares of NVIDIA in a research report on Thursday, August 29th. Piper Sandler restated an “overweight” rating and issued a $140.00 target price on shares of NVIDIA in a research report on Thursday, August 29th. Tigress Financial boosted their target price on NVIDIA from $98.50 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Robert W. Baird boosted their target price on NVIDIA from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, HSBC boosted their target price on NVIDIA from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating, thirty-seven 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 a consensus rating of “Moderate Buy” and a consensus price target of $142.10.

Institutional Investors Weigh In On NVIDIA

Several hedge funds have recently added to or reduced their stakes in the stock. Hamilton Wealth LLC lifted its holdings in shares of NVIDIA by 0.3% in the 1st quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker’s stock valued at $2,839,000 after buying an additional 9 shares during the period. Brooklyn FI LLC lifted its holdings in shares of NVIDIA by 2.5% in the 1st 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 during the period. Curran Financial Partners LLC lifted its holdings in shares of NVIDIA by 1.8% in the 1st quarter. Curran Financial Partners LLC now owns 691 shares of the computer hardware maker’s stock valued at $625,000 after buying an additional 12 shares during the period. Beacon Bridge Wealth Partners LLC lifted its holdings in shares of NVIDIA by 2.6% in the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 473 shares of the computer hardware maker’s stock valued at $428,000 after buying an additional 12 shares during the period. Finally, M. Kraus & Co lifted its holdings in shares of 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 during the period. 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.