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

Key Points

• NVIDIA CEO Jen Hsun Huang sold 75,000 shares at an average price of $169.71, totaling $12,728,250, reducing his ownership by 0.10% to approximately $12.29 billion.
• Despite recent stock sales, NVIDIA's quarterly earnings exceeded analyst expectations with an EPS of $1.05 and revenue of $46.74 billion, reflecting a year-over-year increase of 55.6%.
• NVIDIA is planning to distribute a quarterly dividend of $0.01 per share, effective October 2nd, which is an annualized yield of 0.0%.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $169.71, for a total transaction of $12,728,250.00. Following the transaction, the chief executive officer directly owned 72,398,366 shares of the company's stock, valued at $12,286,726,693.86. This represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, September 4th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $170.68, for a total value of $12,801,000.00.
• On Tuesday, September 2nd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $169.65, for a total transaction of $12,723,750.00.
• On Friday, August 29th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $174.46, for a total transaction of $13,084,500.00.
• On Friday, August 15th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00.
• 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 transaction of $13,603,500.00.
• On Monday, August 11th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $182.74, for a total transaction of $13,705,500.00.
• 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 stock was 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 transaction of $13,050,000.00.

NVIDIA Price Performance

Shares of NASDAQ NVDA traded up $1.29 during mid-day trading on Monday, hitting $168.31. 161,369,820 shares of the stock were exchanged, compared to its average volume of 172,462,880. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The stock's fifty day simple moving average is $172.73 and its two-hundred day simple moving average is $140.21. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a market cap of $4.09 trillion, a P/E ratio of 49.27, a PEG ratio of 1.21 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA's revenue for the quarter was up 55.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts forecast 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 will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.

Analyst Ratings Changes

Several research firms have weighed in on NVDA. Morgan Stanley raised their price objective on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Loop Capital raised their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Barclays increased their price objective on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a report on Friday. Finally, Needham & Company LLC reissued a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.42.

Institutional Trading of NVIDIA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC lifted its position in shares of NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after purchasing an additional 382,231,120 shares in the last quarter. Norges Bank bought a new stake in NVIDIA during the 2nd quarter worth about $51,386,863,000. Nuveen LLC bought a new stake in NVIDIA during the 1st quarter worth about $15,089,414,000. Goldman Sachs Group Inc. boosted its stake in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after buying an additional 103,889,872 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after buying an additional 48,439,859 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.

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