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

Key Points

• Jen Hsun Huang, the CEO of NVIDIA, sold a total of 75,000 shares of the company's stock on multiple occasions in late September, with the total value exceeding $13 million per transaction.
• NVIDIA shares recently traded at $181.85, reflecting a 2.1% increase, with the stock's price range over the past year between $86.62 and $184.55.
• The company reported $1.05 earnings per share in its most recent earnings release, surpassing analysts' expectations and showing a year-over-year revenue growth of 55.6%.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $176.96, for a total value of $13,272,000.00. Following the transaction, the chief executive officer directly owned 71,308,203 shares of the company's stock, valued at approximately $12,618,699,602.88. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, September 29th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $182.34, for a total value of $13,675,500.00.
• On Wednesday, September 24th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $177.60, for a total value of $13,320,000.00.
• 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 value 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 value 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 value 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 value of $13,242,750.00.
• On Friday, September 12th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $177.72, for a total value of $13,329,000.00.
• On Wednesday, September 10th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00.
• On Monday, September 8th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $169.71, for a total value of $12,728,250.00.
• 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.

NVIDIA Trading Up 2.1%

Shares of NVDA traded up $3.66 during midday trading on Monday, reaching $181.85. The company had a trading volume of 192,583,283 shares, compared to its average volume of 233,177,234. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.55. The stock has a market cap of $4.42 trillion, a PE ratio of 51.81, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. The firm has a 50 day simple moving average of $176.60 and a 200-day simple moving average of $146.20. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

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

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently bought and sold shares of NVDA. Kingstone Capital Partners Texas LLC boosted its holdings in NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock valued at $64,976,521,000 after acquiring an additional 382,231,120 shares during the period. Norges Bank purchased a new position in NVIDIA during the 2nd quarter valued at about $51,386,863,000. Nuveen LLC purchased a new position in NVIDIA during the 1st quarter valued at about $15,089,414,000. Goldman Sachs Group Inc. boosted its holdings in 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 valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in 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 valued at $5,293,039,000 after acquiring an additional 48,439,859 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. DA Davidson raised NVIDIA from a "neutral" rating to a "buy" rating and raised their target price for the stock from $195.00 to $210.00 in a research note on Thursday, September 11th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Wells Fargo & Company raised their target price on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. TD Cowen increased their price target on NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th. Finally, Bank of America increased their price target on NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average target price of $210.21.

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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