Jen Hsun Huang Sells 75,000 Shares of NVIDIA Corporation (NASDAQ:NVDA) Stock

Key Points

• Jen Hsun Huang, CEO of NVIDIA, sold 75,000 shares of the company at an average price of $174.00 per share, totaling $13.05 million, which decreased his ownership stake by 0.10%.
• NVIDIA's stock is currently trading at $178.26, with a market capitalization of $4.35 trillion and a P/E ratio of 57.50.
• Despite a recent earnings miss, NVIDIA's revenue has increased by 69.2% compared to the previous year, with expectations of a 2.77 EPS for the current year.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $174.00, for a total transaction of $13,050,000.00. Following the completion of the transaction, the chief executive officer owned 73,598,225 shares in the company, valued at approximately $12,806,091,150. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, August 4th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $178.16, for a total value of $13,362,000.00.
• 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 stock was sold at an average price of $175.22, for a total value of $13,141,500.00.
• On Friday, July 25th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were 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 shares were sold at an average price of $169.54, for a total value of $12,715,500.00.
• 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 value 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 stock was sold at an average price of $170.59, for a total value 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.

NVIDIA Stock Performance

Shares of NVDA traded down $1.74 during mid-day trading on Tuesday, hitting $178.26. The stock had a trading volume of 155,486,898 shares, compared to its average volume of 164,064,272. 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 firm has a market cap of $4.35 trillion, a P/E ratio of 57.50, a PEG ratio of 1.59 and a beta of 2.14. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $183.30. The business has a fifty day moving average price of $156.27 and a 200-day moving average price of $132.58.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the prior year, the business earned $0.61 EPS. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Analyst Upgrades and Downgrades

Several research analysts have commented on NVDA shares. Loop Capital boosted their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Mizuho set a $192.00 target price on NVIDIA and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Jefferies Financial Group raised their price target on shares of NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. Finally, Oppenheimer upped their price objective on shares of NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. One 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $182.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NVDA. Harbor Asset Planning Inc. bought a new stake in NVIDIA during the second quarter worth about $28,000. Tacita Capital Inc purchased a new position in NVIDIA in the 4th quarter worth $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA during the fourth quarter valued at about $38,000. Legend Financial Advisors Inc. purchased a new position in shares of NVIDIA in the second quarter worth about $55,000. Finally, Copia Wealth Management bought a new stake in shares of NVIDIA in the 4th quarter valued at about $50,000. Hedge funds and other 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.

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