Insider Selling: NVIDIA Corporation (NASDAQ:NVDA) CEO Sells 75,000 Shares of Stock

Key Points

• NVIDIA CEO Jen Hsun Huang sold a total of 75,000 shares on July 28th at an average price of $175.22, amounting to $13.14 million, decreasing his ownership by 0.10%.
• In total, Huang conducted multiple transactions, selling over 675,000 shares between July 2nd and July 28th, with prices ranging from $156.39 to $175.22 per share.
• NVIDIA's stock traded up 1.9% to $176.75, with a market capitalization of $4.31 trillion and a P/E ratio of 57.02 as of the recent trading session.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $175.22, for a total value of $13,141,500.00. Following the completion of the transaction, the chief executive officer directly owned 73,898,225 shares of the company's stock, valued at approximately $12,948,446,984.50. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, July 25th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $173.88, for a total transaction of $13,041,000.00.
• 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 Monday, July 21st, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $172.42, for a total transaction of $12,931,500.00.
• 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 shares were sold at an average price of $170.59, for a total value 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 value 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 value 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 stock was sold at an average price of $158.35, for a total value 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 value of $11,729,250.00.

NVIDIA Trading Up 1.9%

NASDAQ NVDA traded up $3.25 during trading on Monday, hitting $176.75. The company had a trading volume of 139,407,827 shares, compared to its average volume of 250,528,891. The company has a current ratio of 3.39, a quick ratio of 2.96 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 $177.00. The company has a market cap of $4.31 trillion, a price-to-earnings ratio of 57.02, a price-to-earnings-growth ratio of 1.53 and a beta of 2.13. The company's fifty day moving average is $150.95 and its 200-day moving average is $130.80.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company 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%. The firm's quarterly revenue was up 69.2% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

NVDA has been the subject of several research reports. DA Davidson increased their price target on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Barclays lifted their price target on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Finally, Arete Research raised shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $181.22.

Institutional Investors Weigh In On NVIDIA

A number of large investors have recently added to or reduced their stakes in NVDA. Wealth Group Ltd. grew its position in NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after buying an additional 100 shares during the period. Tallon Kerry Patrick purchased a new stake in NVIDIA in the 4th quarter worth approximately $972,000. Ironwood Wealth Management LLC. increased its holdings in NVIDIA by 1.6% in the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock worth $871,000 after acquiring an additional 104 shares in the last quarter. Brighton Jones LLC increased its holdings in NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after acquiring an additional 35,815 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in NVIDIA in the 4th quarter worth approximately $145,796,000. 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.

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