Jen Hsun Huang Sells 50,000 Shares of NVIDIA Corporation (NASDAQ:NVDA) Stock

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 50,000 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $143.81, for a total transaction of $7,190,500.00. Following the transaction, the chief executive officer now owns 75,673,225 shares of the company's stock, valued at approximately $10,882,566,487.25. This trade represents a 0.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, June 25th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00.
• On Friday, June 20th, Jen Hsun Huang sold 50,000 shares of NVIDIA stock. The stock was sold at an average price of $144.26, for a total transaction of $7,213,000.00.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded up $0.71 during trading on Thursday, reaching $155.02. The stock had a trading volume of 197,366,288 shares, compared to its average volume of 269,337,995. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $128.75 and a two-hundred day simple moving average of $126.78. The firm has a market capitalization of $3.78 trillion, a price-to-earnings ratio of 50.01, a P/E/G ratio of 1.36 and a beta of 2.12. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $156.99.

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 the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the previous year, the company earned $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Analysts Set New Price Targets

Several research firms have recently weighed in on NVDA. Oppenheimer reissued an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a research note on Monday, June 16th. Bank of America increased their price target on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Citigroup reaffirmed a "buy" rating and set a $180.00 price objective (up from $150.00) on shares of NVIDIA in a research note on Thursday, May 29th. Finally, UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $175.78.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NVDA. AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of NVIDIA during the 1st quarter valued at about $97,728,000. Swedbank AB lifted its stake in NVIDIA by 9.7% during the first quarter. Swedbank AB now owns 41,458,131 shares of the computer hardware maker's stock worth $4,493,232,000 after purchasing an additional 3,682,525 shares during the period. Real Talk Capital LLC boosted its holdings in NVIDIA by 12.2% during the first quarter. Real Talk Capital LLC now owns 7,522 shares of the computer hardware maker's stock valued at $815,000 after purchasing an additional 820 shares in the last quarter. Howe & Rusling Inc. grew its stake in shares of NVIDIA by 2.4% in the 1st quarter. Howe & Rusling Inc. now owns 169,225 shares of the computer hardware maker's stock valued at $18,341,000 after purchasing an additional 3,996 shares during the period. Finally, Guinness Asset Management LTD raised its holdings in shares of NVIDIA by 5.3% in the 1st quarter. Guinness Asset Management LTD now owns 372,448 shares of the computer hardware maker's stock worth $40,372,000 after buying an additional 18,691 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.