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

Key Points

• NVIDIA CEO Jen Hsun Huang sold 75,000 shares on September 29th at an average price of $182.34, totaling $13,675,500, reducing his position by 0.11%.
• NVIDIA shares traded up 2.1% to reach $181.85, with a twelve-month high of $184.55 and a market cap of $4.42 trillion.
• The company reported a 55.6% increase in revenue compared to the same quarter last year, achieving $46.74 billion for the quarter along with a $1.05 EPS.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $182.34, for a total transaction of $13,675,500.00. Following the completion of the transaction, the chief executive officer owned 71,233,203 shares of the company's stock, valued at $12,988,662,235.02. This trade represents a 0.11% 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 Friday, September 26th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $176.96, for a total transaction of $13,272,000.00.
• On Wednesday, September 24th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $177.60, for a total transaction of $13,320,000.00.
• On Monday, September 22nd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $179.01, for a total transaction of $13,425,750.00.
• On Friday, September 19th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $176.42, for a total transaction of $13,231,500.00.
• On Wednesday, September 17th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $170.30, for a total transaction of $12,772,500.00.
• On Monday, September 15th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $176.57, for a total transaction of $13,242,750.00.
• On Friday, September 12th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $177.72, for a total transaction of $13,329,000.00.
• On Wednesday, September 10th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00.
• On Monday, September 8th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $169.71, for a total transaction of $12,728,250.00.
• On Thursday, September 4th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $170.68, for a total transaction of $12,801,000.00.

NVIDIA Trading Up 2.1%

Shares of NVDA stock traded up $3.66 on Monday, hitting $181.85. The stock had a trading volume of 192,583,283 shares, compared to its average volume of 233,177,234. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.55. The firm has a market cap of $4.42 trillion, a P/E ratio of 51.81, a PEG ratio of 1.29 and a beta of 2.10. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average price of $176.60 and a two-hundred day moving average price of $146.20.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm's revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's payout ratio is 1.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NVDA shares. Citigroup cut their price target on shares of NVIDIA from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, September 8th. Rosenblatt Securities restated a "buy" rating and set a $215.00 price objective on shares of NVIDIA in a research note on Tuesday, September 23rd. Craig Hallum boosted their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. New Street Research boosted their price objective on shares of NVIDIA from $200.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Finally, UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $210.21.

Hedge Funds Weigh In On NVIDIA

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harbor Asset Planning Inc. bought a new position in NVIDIA in the 2nd quarter valued at approximately $28,000. Winnow Wealth LLC bought a new position in NVIDIA in the 2nd quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC lifted its stake in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after purchasing an additional 67 shares during the last quarter. Spurstone Advisory Services LLC bought a new position in shares of NVIDIA during the second quarter valued at $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought a new position in shares of NVIDIA during the second quarter valued at $54,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.