NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $170.59, for a total transaction of $12,794,250.00. Following the completion of the transaction, the chief executive officer owned 74,498,225 shares in the company, valued at $12,708,652,202.75. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Jen Hsun Huang also recently made the following trade(s):
- On Friday, July 18th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $172.52, for a total transaction of $12,939,000.00.
- On Monday, July 14th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $164.36, for a total transaction of $12,327,000.00.
- On Friday, July 11th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $166.00, for a total transaction of $12,450,000.00.
- On Wednesday, July 9th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $163.11, for a total transaction of $12,233,250.00.
- On Monday, July 7th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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.
NVIDIA Price Performance
Shares of NVDA stock traded down $0.59 on Friday, reaching $172.41. The company had a trading volume of 145,724,125 shares, compared to its average volume of 263,779,508. The stock has a market capitalization of $4.21 trillion, a PE ratio of 55.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.13. 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 Corporation has a one year low of $86.62 and a one year high of $174.16. The business's 50-day moving average is $145.88 and its 200 day moving average is $129.63.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm's revenue was up 69.2% compared to the same quarter last year. During the same period last year, the company posted $0.61 EPS. Equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Piper Sandler reaffirmed an "overweight" rating and set a $180.00 price objective (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Citigroup lifted their price target on shares of NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and a consensus price target of $181.22.
Get Our Latest Report on NVDA
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Tacita Capital Inc acquired a new stake in NVIDIA during the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the 4th quarter valued at approximately $38,000. Kathleen S. Wright Associates Inc. grew its position in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares during the period. Copia Wealth Management acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $50,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA during the 1st quarter worth approximately $51,000. Institutional investors own 65.27% of the company's stock.
About NVIDIA
(
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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