NVIDIA Corporation (NASDAQ:NVDA) CEO Jen Hsun Huang Sells 75,000 Shares

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $172.42, for a total transaction of $12,931,500.00. Following the completion of the sale, the chief executive officer directly owned 74,273,225 shares in the company, valued at $12,806,189,454.50. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, July 23rd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $169.54, for a total transaction of $12,715,500.00.
• 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 Wednesday, July 16th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $170.59, for a total transaction of $12,794,250.00.
• On Monday, July 14th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was 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 stock was 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 stock was 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 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 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.

NVIDIA Price Performance

NVIDIA stock traded up $2.96 during mid-day trading on Thursday, reaching $173.74. The company had a trading volume of 128,280,529 shares, compared to its average volume of 252,246,578. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $174.25. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.24 trillion, a P/E ratio of 56.05, a P/E/G ratio of 1.47 and a beta of 2.13. The business has a fifty day simple moving average of $149.41 and a 200 day simple moving average of $130.53.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA's revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NVDA shares. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Piper Sandler reaffirmed an "overweight" rating and issued a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Benchmark restated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Finally, TD Cowen upped their target price on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. One 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $181.22.

Hedge Funds Weigh In On NVIDIA

Hedge funds have recently bought and sold shares of the company. Wealth Group Ltd. grew its holdings in NVIDIA by 1.8% in the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after purchasing an additional 100 shares during the period. Tallon Kerry Patrick acquired a new position in shares of NVIDIA during the fourth quarter valued at about $972,000. Capital & Planning LLC grew its holdings in shares of NVIDIA by 16.9% during the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock valued at $1,021,000 after buying an additional 1,099 shares during the last quarter. Ironwood Wealth Management LLC. grew its holdings in shares of NVIDIA by 1.6% during the fourth quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock valued at $871,000 after buying an additional 104 shares during the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after buying an additional 35,815 shares during the last quarter. 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.