NVIDIA Corporation (NASDAQ:NVDA) CEO Sells $12,939,000.00 in Stock

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $172.52, for a total value of $12,939,000.00. Following the completion of the sale, the chief executive officer owned 74,348,225 shares of the company's stock, valued at approximately $12,826,555,777. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, July 16th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $170.59, for a total value of $12,794,250.00.
• On Monday, July 14th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $164.36, for a total value of $12,327,000.00.
• On Friday, July 11th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $166.00, for a total value of $12,450,000.00.
• 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 value 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 value of $11,876,250.00.
• On Wednesday, July 2nd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $156.39, for a total value 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 value 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 value 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 value 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 value of $7,190,500.00.

NVIDIA Trading Down 0.3%

Shares of NASDAQ NVDA traded down $0.59 during trading on Friday, reaching $172.41. The stock had a trading volume of 145,724,125 shares, compared to its average volume of 263,779,508. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The company has a market cap of $4.21 trillion, a P/E ratio of 55.62, a PEG ratio of 1.52 and a beta of 2.13. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $174.16. The business's 50-day moving average price is $145.88 and its 200-day moving average price is $129.63.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm's revenue was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Institutional Trading of NVIDIA

Several hedge funds have recently modified their holdings of the stock. Centerpoint Advisory Group grew its holdings in shares of NVIDIA by 2.5% during the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after buying an additional 943 shares during the last quarter. GSB Wealth Management LLC boosted its holdings in NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after purchasing an additional 1,043 shares in the last quarter. Variant Private Wealth LLC boosted its holdings in NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after purchasing an additional 3,206 shares in the last quarter. Financial Perspectives Inc boosted its holdings in NVIDIA by 2.8% in the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares in the last quarter. Finally, Hickory Point Bank & Trust purchased a new stake in NVIDIA in the 4th quarter valued at approximately $2,272,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVDA has been the subject of several recent research reports. The Goldman Sachs Group initiated coverage on NVIDIA in a report on Thursday, July 10th. They set a "buy" rating and a $185.00 price target for the company. Oppenheimer lifted their price objective on NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday. Needham & Company LLC lifted their price objective on NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Finally, Jefferies Financial Group upped their price objective on NVIDIA from $185.00 to $200.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $181.22.

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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