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 on Wednesday, July 2nd. The stock was sold at an average price of $156.39, for a total value of $11,729,250.00. Following the transaction, the chief executive officer directly owned 75,173,225 shares of the company's stock, valued at $11,756,340,657.75. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, July 7th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $158.35, for a total value of $11,876,250.00.
• On Monday, June 30th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $157.53, for a total value of $11,814,750.00.
• On Friday, June 27th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $157.02, for a total value of $11,776,500.00.
• On Wednesday, June 25th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00.
• On Monday, June 23rd, Jen Hsun Huang sold 50,000 shares of NVIDIA stock. The stock was sold at an average price of $143.81, for a total value of $7,190,500.00.
• On Friday, June 20th, Jen Hsun Huang sold 50,000 shares of NVIDIA stock. The stock was sold at an average price of $144.26, for a total value of $7,213,000.00.

NVIDIA Stock Down 0.5%

NASDAQ:NVDA traded down $0.78 on Thursday, hitting $162.10. The stock had a trading volume of 34,038,967 shares, compared to its average volume of 266,151,922. The business's fifty day moving average is $139.47 and its 200 day moving average is $128.43. The company has a market cap of $3.96 trillion, a PE ratio of 52.37, a P/E/G ratio of 1.42 and a beta of 2.13. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $164.70.

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

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Mizuho upped their target price on NVIDIA from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. Rosenblatt Securities upped their price target on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research report on Thursday, April 3rd. Finally, Stifel Nicolaus set a $180.00 price target on NVIDIA in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and a consensus price target of $177.03.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Group Ltd. raised its stake in shares of NVIDIA by 1.8% in the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after purchasing an additional 100 shares during the last quarter. Tallon Kerry Patrick purchased a new stake in shares of NVIDIA in the fourth quarter worth approximately $972,000. Capital & Planning LLC raised its stake in shares of NVIDIA by 16.9% in the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock worth $1,021,000 after purchasing an additional 1,099 shares during the last quarter. Ironwood Wealth Management LLC. raised its stake in shares of NVIDIA by 1.6% in the fourth quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock worth $871,000 after purchasing an additional 104 shares during the last quarter. Finally, Brighton Jones LLC raised its stake in shares of NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after purchasing an additional 35,815 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

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.