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

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $122.23, for a total transaction of $14,667,600.00. Following the completion of the sale, the chief executive officer now directly owns 78,294,995 shares in the company, valued at approximately $9,569,997,238.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Friday, July 19th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $119.06, for a total transaction of $14,287,200.00.
• On Wednesday, July 17th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $119.17, for a total transaction of $14,300,400.00.
• On Monday, July 15th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $128.92, for a total transaction of $15,470,400.00.
• On Friday, July 12th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $130.03, for a total transaction of $15,603,600.00.
• On Wednesday, July 10th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $134.10, for a total transaction of $16,092,000.00.
• On Monday, July 8th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $128.60, for a total transaction of $15,432,000.00.
• On Friday, July 5th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $127.14, for a total transaction of $15,256,800.00.
• 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.

NVIDIA Stock Down 0.8 %

NVDA traded down $0.95 during midday trading on Tuesday, reaching $122.59. The company’s stock had a trading volume of 170,605,922 shares, compared to its average volume of 458,659,844. The firm has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 71.88, a PEG ratio of 1.24 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 Co. has a 1 year low of $39.23 and a 1 year high of $140.76. The stock’s 50-day moving average is $118.84 and its 200-day moving average is $92.41.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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 business had revenue of $26.04 billion for 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 business’s revenue was up 262.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 earnings per share. As a group, research analysts expect that NVIDIA Co. will post 2.53 EPS for the current year.

NVIDIA Increases Dividend

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

Analyst Ratings Changes

A number of research firms have recently commented on NVDA. Wedbush boosted their price target on shares of NVIDIA from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. New Street Research lowered shares of NVIDIA from a “buy” rating to a “neutral” rating in a research report on Friday, July 5th. Truist Financial restated a “buy” rating and set a $140.00 price target (up from $128.80) on shares of NVIDIA in a research report on Thursday, June 27th. HSBC lifted their price objective on shares of NVIDIA from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, Evercore ISI lifted their price objective on shares of NVIDIA from $131.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, June 11th. Six investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.59.

Institutional Investors Weigh In On NVIDIA

A number of institutional investors have recently made changes to their positions in NVDA. Aurora Private Wealth Inc. lifted its position in NVIDIA by 20.4% during the fourth quarter. Aurora Private Wealth Inc. now owns 2,196 shares of the computer hardware maker’s stock valued at $1,088,000 after purchasing an additional 372 shares during the period. Park Edge Advisors LLC bought a new position in NVIDIA during the fourth quarter valued at approximately $697,000. Signify Wealth lifted its position in NVIDIA by 195.4% during the fourth quarter. Signify Wealth now owns 2,735 shares of the computer hardware maker’s stock valued at $1,354,000 after purchasing an additional 1,809 shares during the period. Sterling Investment Counsel LLC lifted its position in NVIDIA by 6.4% during the fourth quarter. Sterling Investment Counsel LLC now owns 2,337 shares of the computer hardware maker’s stock valued at $1,157,000 after purchasing an additional 141 shares during the period. Finally, Lantz Financial LLC lifted its position in NVIDIA by 2.7% during the fourth quarter. Lantz Financial LLC now owns 4,716 shares of the computer hardware maker’s stock valued at $2,335,000 after purchasing an additional 123 shares during the period. Hedge funds and other institutional investors 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.