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

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $164.36, for a total value of $12,327,000.00. Following the transaction, the chief executive officer directly owned 74,648,225 shares in the company, valued at approximately $12,269,182,261. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 value 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.
• 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 transaction of $11,729,250.00.
• On Monday, June 30th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $157.53, for a total transaction of $11,814,750.00.
• On Friday, June 27th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $157.02, for a total value of $11,776,500.00.
• On Wednesday, June 25th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00.
• On Monday, June 23rd, Jen Hsun Huang sold 50,000 shares of NVIDIA stock. The stock was sold at an average price of $143.81, for a total value of $7,190,500.00.
• On Friday, June 20th, Jen Hsun Huang sold 50,000 shares of NVIDIA stock. The shares were sold at an average price of $144.26, for a total transaction of $7,213,000.00.

NVIDIA Trading Up 1.0%

Shares of NVIDIA stock traded up $1.63 during trading on Thursday, hitting $173.00. The stock had a trading volume of 160,232,502 shares, compared to its average volume of 264,975,437. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $174.12. The stock has a 50 day simple moving average of $144.76 and a 200 day simple moving average of $129.39. 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 company has a market capitalization of $4.22 trillion, a PE ratio of 55.81, a P/E/G ratio of 1.51 and a beta of 2.13.

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 the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. On average, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal 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 given a $0.01 dividend. 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 dividend payout ratio (DPR) is 1.29%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NVDA. Bank of America increased their price objective on shares of NVIDIA from $180.00 to $220.00 in a research report on Wednesday. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. KeyCorp set a $190.00 target price on NVIDIA in a report on Wednesday, March 19th. Benchmark restated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Finally, Morgan Stanley reissued an "overweight" rating and set a $170.00 target price (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have given a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.22.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after acquiring an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC raised its holdings in NVIDIA by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock valued at $74,439,273,000 after buying an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in NVIDIA by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after buying an additional 3,721,331 shares in the last quarter. Kingstone Capital Partners Texas LLC increased its holdings in shares of NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock valued at $64,976,521,000 after acquiring an additional 382,231,120 shares during the last quarter. Finally, Norges Bank acquired a new stake in NVIDIA in the 4th quarter worth approximately $43,515,504,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

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.