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

Key Points

• NVIDIA CEO Jen Hsun Huang sold 75,000 shares of the company's stock for an average price of $178.74, totaling over $13.4 million, reducing his ownership by 0.10%.
• Huang has made multiple similar stock sales recently, with transactions dated between July 7th and July 30th, each involving 75,000 shares sold at varying prices.
• NVIDIA's stock is currently trading at $177.87, with a market cap of $4.34 trillion and a 52-week range between $86.62 and $183.30.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $178.74, for a total transaction of $13,405,500.00. Following the sale, the chief executive officer owned 73,748,225 shares of the company's stock, valued at approximately $13,181,757,736.50. This represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, July 28th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $175.22, for a total transaction of $13,141,500.00.
• On Friday, July 25th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was 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 stock was 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 stock was 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 stock was 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 transaction of $12,794,250.00.
• 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 stock was sold at an average price of $158.35, for a total transaction of $11,876,250.00.

NVIDIA Stock Performance

NASDAQ:NVDA traded down $4.15 on Friday, reaching $173.72. 203,669,565 shares of the company's stock were exchanged, compared to its average volume of 153,436,048. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a market cap of $4.24 trillion, a price-to-earnings ratio of 56.04, a P/E/G ratio of 1.57 and a beta of 2.14. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $183.30. The stock has a fifty day simple moving average of $155.30 and a 200-day simple moving average of $132.32.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results 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 business had revenue of $44.06 billion for 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%. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research analyst reports. Piper Sandler reiterated an "overweight" rating and set a $180.00 price objective (up from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Mizuho set a $192.00 price target on shares of NVIDIA and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Truist Financial boosted their price target on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Wedbush restated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Citigroup boosted their price target on shares of NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $182.03.

Hedge Funds Weigh In On NVIDIA

A number of large investors have recently modified their holdings of NVDA. Harbor Asset Planning Inc. bought a new stake in NVIDIA during the second quarter valued at approximately $28,000. Tacita Capital Inc bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $38,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA in the 2nd quarter worth approximately $55,000. Finally, Copia Wealth Management bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $50,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Company Profile

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.