NVIDIA Corporation (NASDAQ:NVDA) CEO Sells $13,362,000.00 in Stock

Key Points

• NVIDIA CEO Jen Hsun Huang sold 75,000 shares of the company's stock for a total of $13,362,000, decreasing his ownership position by 0.10% but still retaining over 73 million shares worth approximately $13.1 billion.
• Despite recent sales, NVIDIA's stock remains strong, with a market cap of $4.35 trillion and a reported EPS of $0.81, although this missed analysts' expectations by $0.06.
• The company declared a quarterly dividend of $0.01 per share, yielding 0.0%, and has seen significant interest from institutional investors, now owning 65.27% of the stock.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the transaction, the chief executive officer owned 73,523,225 shares in the company, valued at $13,098,897,766. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, August 1st, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $174.00, for a total value of $13,050,000.00.
• On Wednesday, July 30th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $178.74, for a total transaction of $13,405,500.00.
• On Monday, July 28th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $175.22, for a total transaction of $13,141,500.00.
• On Friday, July 25th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $173.88, for a total value of $13,041,000.00.
• On Wednesday, July 23rd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $169.54, for a total value of $12,715,500.00.
• On Monday, July 21st, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $172.42, for a total transaction of $12,931,500.00.
• On Friday, July 18th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $172.52, for a total transaction of $12,939,000.00.
• On Wednesday, July 16th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was 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 transaction of $12,450,000.00.

NVIDIA Trading Down 1.0%

NVDA traded down $1.74 during mid-day trading on Tuesday, reaching $178.26. The stock had a trading volume of 155,486,898 shares, compared to its average volume of 164,064,272. The firm's fifty day simple moving average is $156.27 and its two-hundred day simple moving average is $132.58. The stock has a market capitalization of $4.35 trillion, a P/E ratio of 57.50, a P/E/G ratio of 1.59 and a beta of 2.14. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $183.30. 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 issued its 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period last year, the business posted $0.61 EPS. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.

Analyst Ratings Changes

Several research firms have issued reports on NVDA. Piper Sandler reaffirmed an "overweight" rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Arete Research raised NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Morgan Stanley lifted their price target on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group initiated coverage on shares of NVIDIA in a research note on Thursday, July 10th. They set a "buy" rating and a $185.00 price objective for the company. Finally, Wedbush restated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $182.03.

Hedge Funds Weigh In On NVIDIA

Institutional investors and hedge funds have recently made changes to their positions in the company. Tacita Capital Inc bought a new position in NVIDIA in the fourth quarter valued at $28,000. Harbor Asset Planning Inc. bought a new position in NVIDIA during the 2nd quarter worth $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the fourth quarter worth $38,000. Kathleen S. Wright Associates Inc. grew its stake in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares during the last quarter. Finally, Copia Wealth Management bought a new stake in shares of NVIDIA during the fourth quarter worth about $50,000. 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.

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