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

NVIDIA logo with Computer and Technology background

Key Points

  • NVIDIA CEO Jen Hsun Huang sold 75,000 shares at an average price of $170.68, totaling $12.8 million, reducing his ownership stake by 0.10%.
  • The company reported a Q2 revenue of $46.74 billion, exceeding estimates and reflecting a 55.6% year-over-year growth, with an EPS of $1.05.
  • NVIDIA recently declared a $0.01 quarterly dividend, with payment set for October 2nd, representing an annualized yield of 0.0% and a payout ratio of 1.14%.
  • MarketBeat previews top five stocks to own in October.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $170.68, for a total transaction of $12,801,000.00. Following the sale, the chief executive officer owned 72,548,366 shares of the company's stock, valued at $12,382,555,108.88. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Monday, September 8th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $169.71, for a total transaction of $12,728,250.00.
  • On Tuesday, September 2nd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $169.65, for a total value of $12,723,750.00.
  • On Friday, August 29th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $174.46, for a total value of $13,084,500.00.
  • On Friday, August 15th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $179.76, for a total value of $13,482,000.00.
  • On Wednesday, August 13th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $181.38, for a total value of $13,603,500.00.
  • On Monday, August 11th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were 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 transaction of $13,678,500.00.
  • On Wednesday, August 6th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $178.42, for a total transaction of $13,381,500.00.
  • On Monday, August 4th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $178.16, for a total transaction 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 transaction of $13,050,000.00.

NVIDIA Price Performance

Shares of NVDA traded up $1.29 during trading hours on Monday, reaching $168.31. 161,369,820 shares of the stock traded hands, compared to its average volume of 172,462,880. The company has a market cap of $4.09 trillion, a P/E ratio of 49.27, a price-to-earnings-growth ratio of 1.21 and a beta of 2.10. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company's 50-day moving average price is $172.73 and its two-hundred day moving average price is $140.21. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business's revenue was up 55.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NVDA shares. Oppenheimer restated an "outperform" rating and set a $225.00 target price (up previously from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Raymond James Financial raised their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. Needham & Company LLC restated a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Loop Capital upped their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Finally, Citigroup decreased their price objective on shares of NVIDIA from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $207.42.

View Our Latest Stock Analysis on NVDA

Institutional Investors Weigh In On NVIDIA

A number of institutional investors have recently added to or reduced their stakes in NVDA. Astoria Portfolio Advisors LLC. lifted its holdings in shares of NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares during the last quarter. Centerpoint Advisory Group grew its stake in NVIDIA by 2.5% during the 1st 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 increased its position in NVIDIA by 3.3% during 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 buying an additional 1,043 shares in the last quarter. Variant Private Wealth LLC raised its stake in NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after buying an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc raised its stake 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 buying an additional 1,265 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for NVIDIA (NASDAQ:NVDA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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