NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total transaction of $12,233,250.00. Following the sale, the chief executive officer directly owned 74,873,225 shares of the company's stock, valued at $12,212,571,729.75. This trade represents a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Jen Hsun Huang also recently made the following trade(s):
- On Monday, July 7th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $158.35, for a total transaction of $11,876,250.00.
- On Wednesday, July 2nd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $156.39, for a total transaction of $11,729,250.00.
- On Monday, June 30th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $157.53, for a total transaction of $11,814,750.00.
- On Friday, June 27th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $157.02, for a total transaction of $11,776,500.00.
- On Wednesday, June 25th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00.
- On Monday, June 23rd, Jen Hsun Huang sold 50,000 shares of NVIDIA stock. The stock was sold at an average price of $143.81, for a total transaction of $7,190,500.00.
- On Friday, June 20th, Jen Hsun Huang sold 50,000 shares of NVIDIA stock. The stock was sold at an average price of $144.26, for a total transaction of $7,213,000.00.
NVIDIA Trading Up 0.5%
NASDAQ:NVDA traded up $0.82 during mid-day trading on Friday, hitting $164.92. 191,607,582 shares of the stock traded hands, compared to its average volume of 258,673,984. The stock has a market capitalization of $4.02 trillion, a price-to-earnings ratio of 53.20, a PEG ratio of 1.44 and a beta of 2.13. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $167.89. The firm's 50 day moving average is $140.52 and its two-hundred day moving average is $128.60. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the prior year, the business posted $0.61 earnings per share. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA's payout ratio is currently 1.29%.
Institutional Trading of NVIDIA
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of NVIDIA by 0.7% in the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after acquiring an additional 6,665,252 shares during the period. Geode Capital Management LLC grew its holdings in NVIDIA by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after acquiring an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in NVIDIA by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after acquiring an additional 3,721,331 shares in the last quarter. Kingstone Capital Partners Texas LLC grew its holdings in NVIDIA by 267,959.7% during 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 acquiring an additional 382,231,120 shares in the last quarter. Finally, Norges Bank acquired a new position in NVIDIA during the 4th quarter worth approximately $43,515,504,000. Institutional investors and hedge funds own 65.27% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on NVDA shares. Bank of America lifted their price target on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Raymond James Financial lifted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $177.03.
Check Out Our Latest Stock Analysis on NVIDIA
NVIDIA Company Profile
(
Get Free Report)
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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