NVIDIA Corporation (NASDAQ:NVDA – Get Free Report) CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the sale, the chief executive officer owned 69,733,203 shares in the company, valued at approximately $14,498,230,235.73. The trade was a 0.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Jen Hsun Huang also recently made the following trade(s):
- On Monday, October 27th, Jen Hsun Huang sold 25,000 shares of NVIDIA stock. The stock was sold at an average price of $190.73, for a total transaction of $4,768,250.00.
- On Friday, October 24th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $185.35, for a total transaction of $13,901,250.00.
- On Wednesday, October 22nd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $179.91, for a total transaction of $13,493,250.00.
- On Monday, October 20th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $183.38, for a total transaction of $13,753,500.00.
- On Friday, October 17th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $182.31, for a total transaction of $13,673,250.00.
- On Wednesday, October 15th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $181.01, for a total transaction of $13,575,750.00.
- On Monday, October 13th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $188.25, for a total transaction of $14,118,750.00.
- On Friday, October 10th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $190.20, for a total transaction of $14,265,000.00.
- On Wednesday, October 8th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $188.39, for a total transaction of $14,129,250.00.
- On Monday, October 6th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $185.79, for a total transaction of $13,934,250.00.
NVIDIA Stock Down 0.2%
NVIDIA stock opened at $202.46 on Monday. The company has a market cap of $4.92 trillion, a P/E ratio of 57.68, a price-to-earnings-growth ratio of 1.49 and a beta of 2.12. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. The company has a fifty day simple moving average of $181.84 and a 200 day simple moving average of $160.05. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.
NVIDIA Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is 1.14%.
Institutional Trading of NVIDIA
Several hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp raised its stake in NVIDIA by 1.0% in the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock worth $154,556,803,000 after purchasing an additional 9,554,857 shares in the last quarter. Geode Capital Management LLC raised its stake in NVIDIA by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock worth $91,150,170,000 after purchasing an additional 8,521,936 shares in the last quarter. Kingstone Capital Partners Texas LLC raised its stake in NVIDIA by 267,959.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after purchasing an additional 382,231,120 shares in the last quarter. Norges Bank acquired a new stake in NVIDIA in the 2nd quarter worth about $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in NVIDIA by 2.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock worth $22,412,434,000 after purchasing an additional 5,896,735 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on NVDA shares. Bank of America lifted their price objective on shares of NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of NVIDIA in a research report on Wednesday, October 8th. Sanford C. Bernstein reissued a “buy” rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Rosenblatt Securities reissued a “buy” rating and issued a $215.00 price objective on shares of NVIDIA in a research report on Tuesday, September 23rd. Finally, Arete lifted their target price on shares of NVIDIA from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $230.13.
Read Our Latest Research Report on NVIDIA
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.
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