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

NVIDIA logo with Computer and Technology background

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $169.54, for a total transaction of $12,715,500.00. Following the completion of the sale, the chief executive officer directly owned 74,123,225 shares in the company, valued at approximately $12,566,851,566.50. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Monday, July 21st, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were 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 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 stock was 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 stock was 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 stock was 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.
  • 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 stock was 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 transaction of $11,776,500.00.

NVIDIA Trading Up 1.7%

NASDAQ NVDA traded up $2.96 on Thursday, reaching $173.74. The company had a trading volume of 128,280,529 shares, compared to its average volume of 252,246,578. 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 business has a 50 day moving average of $149.41 and a two-hundred day moving average of $130.53. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $174.25. The firm has a market cap of $4.24 trillion, a price-to-earnings ratio of 56.05, a P/E/G ratio of 1.47 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the business posted $0.61 EPS. NVIDIA's revenue was up 69.2% compared to the same quarter last year. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders 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 dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

Institutional Trading of NVIDIA

Hedge funds have recently added to or reduced their stakes in the business. Centerpoint Advisory Group raised its stake in NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after buying an additional 943 shares in the last quarter. GSB Wealth Management LLC increased its stake in shares of NVIDIA by 3.3% during the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after purchasing an additional 1,043 shares in the last quarter. Variant Private Wealth LLC increased its stake in shares of NVIDIA by 20.6% during the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after purchasing an additional 3,206 shares in the last quarter. Financial Perspectives Inc increased its stake in shares of NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares in the last quarter. Finally, Hickory Point Bank & Trust bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $2,272,000. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Truist Financial upped their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. TD Cowen upped their price target on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Rosenblatt Securities upped their price target on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Finally, Piper Sandler restated an "overweight" rating and issued a $180.00 price objective (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $181.22.

Read Our Latest Report on NVIDIA

NVIDIA Company Profile

(Get Free Report)

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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