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

NVIDIA Co. (NASDAQ:NVDAGet Free Report) CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $127.14, for a total transaction of $15,256,800.00. Following the completion of the transaction, the chief executive officer now directly owns 79,614,995 shares in the company, valued at approximately $10,122,250,464.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, July 8th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $128.60, for a total transaction of $15,432,000.00.
  • On Wednesday, July 3rd, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $124.28, for a total transaction of $14,913,600.00.
  • On Monday, July 1st, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $122.78, for a total transaction of $14,733,600.00.
  • On Friday, June 28th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were 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 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 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

Shares of NVIDIA stock traded up $3.18 during trading on Tuesday, hitting $131.38. 278,696,281 shares of the company’s stock traded hands, compared to its average volume of 473,442,688. 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 firm’s fifty day moving average price is $111.40 and its 200 day moving average price is $86.99. NVIDIA Co. has a twelve month low of $39.23 and a twelve month high of $140.76. The company has a market cap of $3.23 trillion, a PE ratio of 77.61, a PEG ratio of 1.33 and a beta of 1.68.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. The firm had revenue of $26.04 billion for the quarter, compared to analyst estimates of $24.59 billion. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The company’s revenue for the quarter was up 262.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 earnings per share. Analysts forecast that NVIDIA Co. will post 2.53 earnings per share for the current year.

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, June 11th. NVIDIA’s dividend payout ratio is presently 2.34%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Citigroup raised their price objective on shares of NVIDIA from $126.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Sanford C. Bernstein raised their price objective on shares of NVIDIA from $100.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. KeyCorp lifted their price target on shares of NVIDIA from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday. Bank of America lifted their price target on shares of NVIDIA from $132.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, June 3rd. Finally, Cantor Fitzgerald raised their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. Six equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $128.29.

Read Our Latest Stock Report on NVDA

Hedge Funds Weigh In On NVIDIA

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of NVIDIA by 4.3% during the first quarter. Vanguard Group Inc. now owns 213,335,626 shares of the computer hardware maker’s stock worth $192,761,538,000 after buying an additional 8,828,050 shares during the last quarter. Norges Bank bought a new stake in shares of NVIDIA during the fourth quarter worth approximately $14,606,369,000. International Assets Investment Management LLC raised its stake in shares of NVIDIA by 54,019.5% during the fourth quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after buying an additional 16,835,703 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of NVIDIA by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,586,595 shares of the computer hardware maker’s stock worth $6,728,354,000 after buying an additional 388,851 shares during the last quarter. Finally, Capital World Investors raised its stake in shares of NVIDIA by 15.2% during the fourth quarter. Capital World Investors now owns 11,516,395 shares of the computer hardware maker’s stock worth $5,703,149,000 after buying an additional 1,523,718 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Company Profile

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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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Insider Buying and Selling by Quarter for NVIDIA (NASDAQ:NVDA)

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