Jen Hsun Huang Sells 75,000 Shares of NVIDIA Corporation (NASDAQ:NVDA) Stock

NVIDIA Corporation (NASDAQ:NVDA) CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $174.00, for a total value of $13,050,000.00. Following the sale, the chief executive officer directly owned 73,598,225 shares of the company’s stock, valued at $12,806,091,150. This represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, August 4th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $178.16, for a total value of $13,362,000.00.
• On Wednesday, July 30th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $178.74, for a total transaction of $13,405,500.00.
• On Monday, July 28th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $175.22, for a total value of $13,141,500.00.
• On Friday, July 25th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $173.88, for a total value of $13,041,000.00.
• On Wednesday, July 23rd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $169.54, for a total transaction of $12,715,500.00.
• On Monday, July 21st, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $172.42, for a total value of $12,931,500.00.
• On Friday, July 18th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $172.52, for a total value of $12,939,000.00.
• On Wednesday, July 16th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $170.59, for a total transaction of $12,794,250.00.
• On Monday, July 14th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $164.36, for a total transaction of $12,327,000.00.
• On Friday, July 11th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $166.00, for a total transaction of $12,450,000.00.

NVIDIA Trading Up 0.7%

Shares of NVIDIA stock opened at $179.42 on Thursday. The firm has a 50-day simple moving average of $158.02 and a two-hundred day simple moving average of $133.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $183.30. The company has a market cap of $4.38 trillion, a P/E ratio of 57.88, a price-to-earnings-growth ratio of 1.57 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the company posted $0.61 EPS. The business’s revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s payout ratio is presently 1.29%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a research note on Friday, May 23rd. Jefferies Financial Group upped their price objective on NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Needham & Company LLC lifted their target price on NVIDIA from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Phillip Securities upgraded shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. Finally, Wedbush reiterated an “outperform” rating on shares of NVIDIA in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-two have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $183.75.

Hedge Funds Weigh In On NVIDIA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Astoria Portfolio Advisors LLC. lifted its position in shares of NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock valued at $9,610,000 after acquiring an additional 864 shares in the last quarter. Centerpoint Advisory Group raised its stake in NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock valued at $4,270,000 after purchasing an additional 943 shares during the last quarter. GSB Wealth Management LLC lifted its holdings in NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock valued at $3,534,000 after purchasing an additional 1,043 shares in the last quarter. Variant Private Wealth LLC boosted its stake in NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock worth $2,038,000 after purchasing an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc grew its holdings in shares of NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock worth $4,981,000 after buying an additional 1,265 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

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.