NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $156.39, for a total transaction of $11,729,250.00. Following the transaction, the chief executive officer directly owned 75,173,225 shares in the company, valued at $11,756,340,657.75. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
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 shares were sold at an average price of $158.35, for a total transaction of $11,876,250.00.
- 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 stock was sold at an average price of $144.26, for a total transaction of $7,213,000.00.
NVIDIA Stock Performance
NVIDIA stock traded up $1.22 during midday trading on Thursday, hitting $164.10. 167,093,998 shares of the company were exchanged, compared to its average volume of 266,706,768. The firm has a market capitalization of $4.00 trillion, a PE ratio of 52.94, a price-to-earnings-growth ratio of 1.44 and a beta of 2.13. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $164.70. The business has a fifty day simple moving average of $139.47 and a two-hundred day simple moving average of $128.43. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released 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). The firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business's revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.02%. NVIDIA's dividend payout ratio (DPR) is 1.29%.
Institutional Investors Weigh In On NVIDIA
Institutional investors have recently modified their holdings of the company. GSB Wealth Management LLC raised its stake in shares of NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after buying an additional 1,043 shares in the last quarter. Variant Private Wealth LLC boosted its holdings in shares of NVIDIA by 20.6% during the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after purchasing an additional 3,206 shares during the last quarter. Financial Perspectives Inc boosted its holdings in NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after acquiring an additional 1,265 shares during the last quarter. Hickory Point Bank & Trust acquired a new position in NVIDIA in the fourth quarter valued at $2,272,000. Finally, Pegasus Asset Management Inc. raised its position in NVIDIA by 0.3% in the first quarter. Pegasus Asset Management Inc. now owns 76,750 shares of the computer hardware maker's stock valued at $8,318,000 after purchasing an additional 197 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Susquehanna reiterated a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Loop Capital upped their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Finally, HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $177.03.
Read Our Latest Research Report on NVIDIA
NVIDIA Company Profile
(
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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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