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

Key Points

• NVIDIA's CEO, Jen Hsun Huang, sold 75,000 shares at an average price of $182.31, amounting to over $13.67 million, decreasing his total shares held by 0.11%.
• The company's stock price recently traded down to $182.64 with a market capitalization of $4.44 trillion and a PE ratio of 52.03.
• NVIDIA reported a 55.6% year-over-year revenue increase with earnings of $1.05 per share for the last quarter, surpassing analysts' expectations.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $182.31, for a total value of $13,673,250.00. Following the transaction, the chief executive officer owned 70,183,203 shares in the company, valued at $12,795,099,738.93. This represents a 0.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, October 20th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $183.38, for a total value of $13,753,500.00.
• On Wednesday, October 15th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $181.01, for a total value of $13,575,750.00.
• On Monday, October 13th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $188.25, for a total value of $14,118,750.00.
• On Friday, October 10th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $190.20, for a total value of $14,265,000.00.
• On Wednesday, October 8th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $188.39, for a total value of $14,129,250.00.
• On Monday, October 6th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $185.79, for a total value of $13,934,250.00.
• On Friday, October 3rd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $188.40, for a total value of $14,130,000.00.
• On Wednesday, October 1st, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $186.61, for a total value of $13,995,750.00.
• On Monday, September 29th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $182.34, for a total value of $13,675,500.00.
• On Friday, September 26th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $176.96, for a total value of $13,272,000.00.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $0.58 during mid-day trading on Monday, reaching $182.64. 128,132,897 shares of the stock traded hands, compared to its average volume of 181,517,664. The business has a 50-day moving average of $179.41 and a 200 day moving average of $154.25. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $195.62. The stock has a market capitalization of $4.44 trillion, a PE ratio of 52.03, a PEG ratio of 1.32 and a beta of 2.12. 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 announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating 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 analysts' expectations of $45.65 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The business's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Institutional Investors Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC boosted its position in shares of NVIDIA by 267,959.7% during 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 buying an additional 382,231,120 shares during the period. Norges Bank purchased a new position in shares of NVIDIA during the second quarter worth $51,386,863,000. Nuveen LLC purchased a new position in shares of NVIDIA during the first quarter worth $15,089,414,000. Goldman Sachs Group Inc. boosted its position in shares of NVIDIA by 123.5% during the first 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 period. Finally, Assenagon Asset Management S.A. boosted its position in shares of NVIDIA by 204.6% during the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after buying an additional 23,948,733 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on NVDA shares. Wedbush reaffirmed an "outperform" rating and issued a $210.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Barclays reaffirmed an "overweight" rating and issued a $240.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. Loop Capital increased their price target on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Arete increased their price target on NVIDIA from $235.00 to $244.00 and gave the company a "buy" rating in a report on Tuesday, October 14th. Finally, UBS Group set a $320.00 target price on NVIDIA in a research note on Wednesday, October 15th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of "Buy" and an average target price of $222.23.

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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