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

Key Points

• Jen Hsun Huang, CEO of NVIDIA, sold 75,000 shares of the company's stock on September 24th for approximately $13.32 million, resulting in a 0.10% decrease in his holdings.
• NVIDIA's stock recently traded down to $176.97, having a market cap of $4.30 trillion and a price-to-earnings ratio of 50.42.
• A quarterly dividend of $0.01 per share was announced, to be paid on October 2nd, reflecting a low annualized dividend yield of 0.0%.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $177.60, for a total transaction of $13,320,000.00. Following the completion of the transaction, the chief executive officer directly owned 71,458,203 shares of the company's stock, valued at approximately $12,690,976,852.80. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, September 22nd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $179.01, for a total transaction of $13,425,750.00.
• On Friday, September 19th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $176.42, for a total transaction of $13,231,500.00.
• On Wednesday, September 17th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $170.30, for a total transaction of $12,772,500.00.
• On Monday, September 15th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $176.57, for a total transaction of $13,242,750.00.
• On Friday, September 12th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $177.72, for a total transaction of $13,329,000.00.
• On Wednesday, September 10th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00.
• On Monday, September 8th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $169.71, for a total transaction of $12,728,250.00.
• On Thursday, September 4th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $170.68, for a total transaction 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 stock was sold at an average price of $174.46, for a total transaction of $13,084,500.00.

NVIDIA Stock Performance

NVIDIA stock traded down $1.46 during midday trading on Wednesday, hitting $176.97. The company's stock had a trading volume of 143,209,111 shares, compared to its average volume of 234,091,406. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The company has a 50-day moving average price of $176.28 and a two-hundred day moving average price of $144.59. The company has a market cap of $4.30 trillion, a price-to-earnings ratio of 50.42, a PEG ratio of 1.33 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business's revenue was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's payout ratio is presently 1.14%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Momentum Wealth Planning LLC acquired a new position in shares of NVIDIA during the 2nd quarter valued at $2,816,000. Dakota Community Bank & Trust NA raised its holdings in NVIDIA by 25.3% during the second quarter. Dakota Community Bank & Trust NA now owns 4,650 shares of the computer hardware maker's stock worth $735,000 after buying an additional 940 shares during the last quarter. Caldwell Trust Co acquired a new position in NVIDIA during the second quarter worth $55,029,000. Canal Capital Management LLC raised its holdings in NVIDIA by 5.2% during the second quarter. Canal Capital Management LLC now owns 83,631 shares of the computer hardware maker's stock worth $13,213,000 after buying an additional 4,157 shares during the last quarter. Finally, Milestones Private Investment Advisors LLC acquired a new position in NVIDIA during the second quarter worth $1,162,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NVDA shares. Bank of America boosted their target price on shares of NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Oppenheimer restated an "outperform" rating and issued a $225.00 target price (up from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Truist Financial boosted their target price on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. The Goldman Sachs Group restated a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, August 27th. Finally, Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $208.76.

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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