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

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $166.00, for a total transaction of $12,450,000.00. Following the completion of the transaction, the chief executive officer owned 74,723,225 shares in the company, valued at $12,404,055,350. This trade represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, July 14th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $164.36, for a total transaction of $12,327,000.00.
• On Wednesday, July 9th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $163.11, for a total transaction of $12,233,250.00.
• On Monday, July 7th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $158.35, for a total transaction of $11,876,250.00.
• On Wednesday, July 2nd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $156.39, for a total transaction of $11,729,250.00.
• On Monday, June 30th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $157.53, for a total transaction of $11,814,750.00.
• On Friday, June 27th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $157.02, for a total transaction of $11,776,500.00.
• On Wednesday, June 25th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00.
• On Monday, June 23rd, Jen Hsun Huang sold 50,000 shares of NVIDIA stock. The shares were sold at an average price of $143.81, for a total transaction of $7,190,500.00.
• On Friday, June 20th, Jen Hsun Huang sold 50,000 shares of NVIDIA stock. The shares were sold at an average price of $144.26, for a total transaction of $7,213,000.00.

NVIDIA Trading Down 0.4%

Shares of NVIDIA stock traded down $0.66 on Friday, reaching $172.34. The company had a trading volume of 103,978,917 shares, compared to its average volume of 263,849,766. The firm has a market cap of $4.21 trillion, a price-to-earnings ratio of 55.55, a P/E/G ratio of 1.51 and a beta of 2.13. 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 firm's 50-day moving average price is $145.88 and its two-hundred day moving average price is $129.63. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $174.16.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Institutional Trading of NVIDIA

A number of institutional investors have recently modified their holdings of the company. FMR LLC raised its position in shares of NVIDIA by 0.7% in the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after purchasing an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC raised its position in shares of NVIDIA by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock valued at $74,439,273,000 after purchasing an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of NVIDIA by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after purchasing an additional 3,721,331 shares during the last quarter. Kingstone Capital Partners Texas LLC raised its position 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 worth $64,976,521,000 after buying an additional 382,231,120 shares during the last quarter. Finally, Norges Bank purchased a new position in NVIDIA during the 4th quarter worth approximately $43,515,504,000. 65.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NVDA has been the topic of several research reports. Raymond James Financial lifted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Wedbush restated an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. TD Cowen boosted their target price on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Finally, Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $181.22.

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.