Insider Selling: NVIDIA Co. (NASDAQ:NVDA) CEO Sells 120,000 Shares of Stock

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $125.04, for a total value of $15,004,800.00. Following the sale, the chief executive officer now directly owns 80,094,995 shares of the company’s stock, valued at $10,015,078,174.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, July 1st, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $122.78, for a total transaction of $14,733,600.00.
• 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 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 stock was sold at an average price of $135.87, for a total value 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 value of $15,448,800.00.

NVIDIA Stock Up 4.6 %

NVDA opened at $128.28 on Friday. The stock’s fifty day simple moving average is $108.92 and its 200 day simple moving average is $85.09. NVIDIA Co. has a 1-year low of $39.23 and a 1-year high of $140.76. The stock has a market cap of $3.16 trillion, a PE ratio of 75.02, a price-to-earnings-growth ratio of 1.29 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.

NVIDIA (NASDAQ:NVDA) last announced its 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 analyst estimates of $24.59 billion. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The firm’s quarterly revenue was up 262.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. As a group, research analysts expect that NVIDIA Co. will post 2.53 earnings per share for the current year.

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 11th were paid a $0.10 dividend. The ex-dividend date was Tuesday, June 11th. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. NVIDIA’s dividend payout ratio is 2.34%.

Institutional Trading of NVIDIA

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Baader Bank Aktiengesellschaft raised its holdings in NVIDIA by 34.9% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 44,214 shares of the computer hardware maker’s stock valued at $21,896,000 after acquiring an additional 11,445 shares in the last quarter. Wealthspire Advisors LLC raised its stake in NVIDIA by 16.3% in the fourth quarter. Wealthspire Advisors LLC now owns 12,278 shares of the computer hardware maker’s stock valued at $6,080,000 after purchasing an additional 1,724 shares in the last quarter. Shared Vision Wealth Group LLC bought a new stake in NVIDIA during the fourth quarter worth about $269,000. Grand Alliance Asset Management Ltd acquired a new stake in NVIDIA during the fourth quarter worth about $29,961,000. Finally, OMNI 360 Wealth Inc. bought a new position in NVIDIA in the 4th quarter valued at about $240,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company upped their price target on NVIDIA from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, June 18th. Bank of America upped their target price on shares of NVIDIA from $132.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. JPMorgan Chase & Co. boosted their price target on shares of NVIDIA from $85.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Craig Hallum raised their price objective on NVIDIA from $85.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Jefferies Financial Group boosted their target price on NVIDIA from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Five investment 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $126.34.

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.