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

Key Points

• NVIDIA CEO Jen Hsun Huang sold 75,000 shares of stock on August 6th for $13,381,500, reducing his ownership by 0.10% but still retaining over 73 million shares valued at approximately $13 billion.
• The company's stock price increased by 1.1% to reach $182.67, contributing to a market capitalization of $4.46 trillion.
• NVIDIA recently reported a quarterly revenue of $44.06 billion, exceeding analysts' estimates, even though earnings per share fell short of expectations, indicating strong growth potential.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $178.42, for a total value of $13,381,500.00. Following the transaction, the chief executive officer directly owned 73,373,225 shares of the company's stock, valued at $13,091,250,804.50. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, August 8th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $182.38, for a total transaction of $13,678,500.00.
• On Monday, August 4th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $178.16, for a total value of $13,362,000.00.
• On Friday, August 1st, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $174.00, for a total value of $13,050,000.00.
• On Wednesday, July 30th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $178.74, for a total value of $13,405,500.00.
• On Monday, July 28th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were 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 shares were sold at an average price of $172.52, for a total value 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.

NVIDIA Trading Up 1.1%

NASDAQ:NVDA traded up $1.90 on Friday, reaching $182.67. 122,649,542 shares of the stock traded hands, compared to its average volume of 161,863,520. The firm has a market capitalization of $4.46 trillion, a price-to-earnings ratio of 58.93, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $183.88. 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's 50 day moving average is $158.85 and its 200-day moving average is $133.52.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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 firm 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 quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 EPS. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders 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 yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Institutional Trading of NVIDIA

A number of large investors have recently bought and sold shares of the business. Financial Gravity Companies Inc. acquired a new stake in NVIDIA during the 2nd quarter worth about $1,174,000. Summitry LLC grew its holdings in NVIDIA by 135.5% during the 2nd quarter. Summitry LLC now owns 151,497 shares of the computer hardware maker's stock worth $23,935,000 after acquiring an additional 87,178 shares during the period. Tortoise Investment Management LLC grew its holdings in NVIDIA by 21.7% during the 2nd quarter. Tortoise Investment Management LLC now owns 8,875 shares of the computer hardware maker's stock worth $1,402,000 after acquiring an additional 1,582 shares during the period. Firestone Capital Management grew its holdings in NVIDIA by 57.2% during the 2nd quarter. Firestone Capital Management now owns 3,110 shares of the computer hardware maker's stock worth $491,000 after acquiring an additional 1,131 shares during the period. Finally, Cornerstone Advisors LLC grew its holdings in NVIDIA by 3.1% during the 2nd quarter. Cornerstone Advisors LLC now owns 1,080,300 shares of the computer hardware maker's stock worth $170,677,000 after acquiring an additional 32,800 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NVDA shares. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Needham & Company LLC boosted their price target on NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Piper Sandler reiterated an "overweight" rating and issued a $180.00 price target (up from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Finally, Morgan Stanley boosted their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $183.75.

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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