NVIDIA Corporation (NASDAQ:NVDA) CEO Sells $13,603,500.00 in Stock

Key Points

• NVIDIA CEO Jen Hsun Huang sold 75,000 shares of company stock for approximately $13.6 million, reducing his ownership by 0.10% following this transaction.
• NVIDIA's stock price dropped 0.8% to $181.62, with a one-year high of $184.48 and a market capitalization of $4.43 trillion.
• The company recently reported earnings showing a 69.2% increase in revenue year-over-year but missed EPS estimates by $0.06, posting $0.81.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $181.38, for a total value of $13,603,500.00. Following the completion of the sale, the chief executive officer owned 72,998,225 shares of the company's stock, valued at approximately $13,240,418,050.50. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, August 11th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $182.74, for a total value of $13,705,500.00.
• On Friday, August 8th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $182.38, for a total value of $13,678,500.00.
• On Wednesday, August 6th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $178.42, for a total value of $13,381,500.00.
• On Monday, August 4th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $178.16, for a total value of $13,362,000.00.
• 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 value of $13,405,500.00.
• On Monday, July 28th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $175.22, for a total value of $13,141,500.00.
• On Friday, July 25th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were 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 value of $12,931,500.00.

NVIDIA Stock Down 0.8%

Shares of NVIDIA stock traded down $1.54 on Wednesday, reaching $181.62. 179,331,539 shares of the company were exchanged, compared to its average volume of 154,174,144. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The company has a market capitalization of $4.43 trillion, a price-to-earnings ratio of 58.59, a PEG ratio of 1.61 and a beta of 2.14. 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 company has a 50-day moving average of $161.55 and a 200 day moving average of $134.24.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 the consensus estimate 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 last year, the company posted $0.61 EPS. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business 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. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NVDA. BNP Paribas upgraded NVIDIA to a "hold" rating in a research report on Friday, August 1st. Morgan Stanley boosted their price objective on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Bank of America boosted their price objective on NVIDIA from $180.00 to $220.00 in a research report on Wednesday, July 16th. Rosenblatt Securities boosted their price objective on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, Oppenheimer boosted their price objective on NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $185.97.

Institutional Investors Weigh In On NVIDIA

Several hedge funds have recently bought and sold shares of the stock. Harbor Asset Planning Inc. bought a new stake in NVIDIA in the 2nd quarter valued at about $28,000. Winnow Wealth LLC acquired a new position in shares of NVIDIA in the 2nd quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC boosted its stake in NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after buying an additional 67 shares in the last quarter. Spurstone Advisory Services LLC acquired a new stake in NVIDIA in the second quarter valued at about $40,000. Finally, Legend Financial Advisors Inc. acquired a new stake in NVIDIA in the second quarter valued at about $55,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.

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