NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang Sells 120,000 Shares

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $122.78, for a total transaction of $14,733,600.00. Following the sale, the chief executive officer now owns 79,974,995 shares in the company, valued at $9,819,329,886.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 transaction of $15,004,800.00.
• On Wednesday, June 26th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was 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 shares were sold at an average price of $120.84, for a total transaction of $14,500,800.00.
• On Thursday, June 20th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were 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 Price Performance

NVDA traded down $1.63 during midday trading on Tuesday, reaching $122.67. 217,785,841 shares of the company’s stock were exchanged, compared to its average volume of 480,935,281. 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 stock has a market capitalization of $3.02 trillion, a PE ratio of 71.53, a P/E/G ratio of 1.30 and a beta of 1.68. The business’s 50-day moving average price is $107.14 and its 200 day moving average price is $84.26. NVIDIA Co. has a 1-year low of $39.23 and a 1-year high of $140.76.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The company had revenue of $26.04 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 earnings per share. As a group, equities analysts anticipate that NVIDIA Co. will post 2.53 EPS for the current fiscal year.

NVIDIA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s payout ratio is presently 2.34%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. TD Cowen raised their price objective on shares of NVIDIA from $120.00 to $140.00 and gave the company a “buy” rating in a report on Monday, June 10th. Wolfe Research increased their target price on shares of NVIDIA from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. UBS Group increased their target price on shares of NVIDIA from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Craig Hallum increased their target price on shares of NVIDIA from $85.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, HSBC increased their target price on shares of NVIDIA from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Five research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.34.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Modus Advisors LLC raised its position in NVIDIA by 1,029.0% during the second quarter. Modus Advisors LLC now owns 54,947 shares of the computer hardware maker’s stock worth $6,788,000 after acquiring an additional 50,080 shares during the last quarter. Global Wealth Strategies & Associates grew its holdings in shares of NVIDIA by 846.4% during the second quarter. Global Wealth Strategies & Associates now owns 9,966 shares of the computer hardware maker’s stock worth $1,231,000 after buying an additional 8,913 shares in the last quarter. Marcum Wealth LLC grew its holdings in shares of NVIDIA by 912.2% during the second quarter. Marcum Wealth LLC now owns 85,187 shares of the computer hardware maker’s stock worth $10,524,000 after buying an additional 76,771 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV grew its holdings in shares of NVIDIA by 16.5% during the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 44,252 shares of the computer hardware maker’s stock worth $5,467,000 after buying an additional 6,262 shares in the last quarter. Finally, M&R Capital Management Inc. grew its holdings in shares of NVIDIA by 908.7% during the second quarter. M&R Capital Management Inc. now owns 56,668 shares of the computer hardware maker’s stock worth $7,001,000 after buying an additional 51,050 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

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.