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

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $157.02, for a total value of $11,776,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,398,225 shares of the company's stock, valued at approximately $11,839,029,289.50. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction of $11,814,750.00.
• 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 stock was 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 Stock Up 2.6%

NASDAQ:NVDA traded up $3.95 during trading hours on Wednesday, hitting $157.25. The company's stock had a trading volume of 170,801,024 shares, compared to its average volume of 268,430,204. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $158.71. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.84 trillion, a P/E ratio of 50.73, a price-to-earnings-growth ratio of 1.36 and a beta of 2.13. The stock has a fifty day moving average of $133.27 and a 200-day moving average of $127.24.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business 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 company's revenue was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's payout ratio is currently 1.29%.

Analyst Ratings Changes

NVDA has been the topic of several analyst reports. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Susquehanna reissued a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Barclays upped their target price on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, KeyCorp set a $190.00 price target on NVIDIA in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, four have assigned 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.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $175.78.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NVDA. FMR LLC increased its position in NVIDIA by 0.7% during the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock worth $134,877,735,000 after buying an additional 6,665,252 shares during the period. Geode Capital Management LLC increased its holdings in shares of NVIDIA by 1.7% in the fourth 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 period. Price T Rowe Associates Inc. MD raised its stake in shares of NVIDIA by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after purchasing an additional 3,721,331 shares during the last quarter. Norges Bank acquired a new stake in shares of NVIDIA during the fourth quarter worth $43,515,504,000. Finally, Northern Trust Corp grew its position in NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after buying an additional 36,266,817 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

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.