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

Key Points

• NVIDIA CEO Jen Hsun Huang sold 75,000 shares of the company's stock on September 12, 2023, at an average price of $177.72, totaling approximately $13.33 million.
• Following the transaction, Huang's shareholding decreased by 0.10%, leaving him with about 72.1 million shares, valued at approximately $12.81 billion.
• The company's shares traded down to $174.88 recently, with a market capitalization of $4.25 trillion and a PE ratio of 52.43.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $177.72, for a total value of $13,329,000.00. Following the completion of the transaction, the chief executive officer owned 72,098,366 shares of the company's stock, valued at approximately $12,813,321,605.52. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, September 15th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $176.57, for a total value of $13,242,750.00.
• On Wednesday, September 10th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00.
• On Monday, September 8th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $169.71, for a total value of $12,728,250.00.
• On Thursday, September 4th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $170.68, for a total value of $12,801,000.00.
• On Tuesday, September 2nd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $182.38, for a total value of $13,678,500.00.

NVIDIA Price Performance

Shares of NVDA traded down $2.87 during trading hours on Tuesday, reaching $174.88. 140,166,303 shares of the company traded hands, compared to its average volume of 176,923,536. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $4.25 trillion, a PE ratio of 52.43, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The stock has a fifty day simple moving average of $174.81 and a 200 day simple moving average of $142.18.

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

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued 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 is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.

Institutional Investors Weigh In On NVIDIA

Institutional investors have recently made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new position in NVIDIA during the 2nd quarter valued at approximately $28,000. Winnow Wealth LLC acquired a new position in NVIDIA during the 2nd quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC boosted its position in NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after purchasing an additional 67 shares during the period. Spurstone Advisory Services LLC acquired a new position in NVIDIA during the 2nd quarter valued at approximately $40,000. Finally, Kathleen S. Wright Associates Inc. boosted its position in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Craig Hallum lifted their price objective on NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Barclays lifted their price objective on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. Jefferies Financial Group lifted their price objective on NVIDIA from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Wedbush reiterated an "outperform" rating and set a $210.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $207.83.

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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