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

Key Points

• NVIDIA CEO Jen Hsun Huang sold 75,000 shares of the company's stock on August 11th, accumulating approximately $13.7 million from the sale.
• Following the sales, Huang retains ownership of 73,148,225 shares with an estimated value of over $13.3 billion.
• Despite the recent trades, Huang's total ownership of NVIDIA shares decreased by only 0.10%, reflecting his significant stake in the company.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $182.74, for a total value of $13,705,500.00. Following the transaction, the chief executive officer owned 73,148,225 shares of the company's stock, valued at approximately $13,367,106,636.50. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, August 13th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $181.38, for a total value of $13,603,500.00.
• On Friday, August 8th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $182.38, for a total value of $13,678,500.00.
• On Wednesday, August 6th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $178.42, for a total value of $13,381,500.00.
• 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 Friday, August 1st, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $174.00, for a total value of $13,050,000.00.
• On Wednesday, July 30th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were 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 shares were 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 value 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 stock was sold at an average price of $172.42, for a total value of $12,931,500.00.

NVIDIA Price Performance

NVDA stock traded down $1.54 during midday trading on Wednesday, reaching $181.62. 179,331,539 shares of the stock were exchanged, compared to its average volume of 154,174,144. The stock has a market capitalization of $4.43 trillion, a PE ratio of 58.59, a P/E/G ratio of 1.61 and a beta of 2.14. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. 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 company has a fifty day moving average price of $161.55 and a 200 day moving average price of $134.24.

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

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research reports. Rosenblatt Securities lifted their price target on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Arete Research raised NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Wedbush reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. UBS Group reissued a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Finally, Bank of America raised their price objective on NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $185.97.

Hedge Funds Weigh In On NVIDIA

Hedge funds have recently made changes to their positions in the stock. Astoria Portfolio Advisors LLC. grew its stake in NVIDIA by 0.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock worth $9,610,000 after purchasing an additional 864 shares during the period. Centerpoint Advisory Group raised its stake in NVIDIA by 2.5% during the 1st 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 during the period. GSB Wealth Management LLC raised its stake in NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after buying an additional 1,043 shares during the period. Variant Private Wealth LLC raised its stake in NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after buying an additional 3,206 shares during the period. Finally, Financial Perspectives Inc raised its stake in shares of NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after purchasing an additional 1,265 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

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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