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

Key Points

• Jen Hsun Huang, CEO of NVIDIA, sold 75,000 shares at an average price of $183.38 on October 20th, totaling approximately $13.75 million, though he still holds over 70 million shares valued at around $12.86 billion.
• NVIDIA reported a 55.6% increase in quarterly revenue year-over-year, exceeding estimates with earnings of $1.05 per share against a consensus of $1.01.
• Analysts have set a consensus price target of $222.23 for NVIDIA, with several recent upgrades indicating a positive outlook for the stock.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Monday, October 20th. The shares were sold at an average price of $183.38, for a total transaction of $13,753,500.00. Following the sale, the chief executive officer directly owned 70,108,203 shares of the company's stock, valued at approximately $12,856,442,266.14. The trade was a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, October 17th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $182.31, for a total transaction of $13,673,250.00.
• On Wednesday, October 15th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $181.01, for a total transaction of $13,575,750.00.
• On Monday, October 13th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $188.25, for a total transaction of $14,118,750.00.
• On Friday, October 10th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $190.20, for a total transaction of $14,265,000.00.
• On Wednesday, October 8th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $188.39, for a total transaction of $14,129,250.00.
• On Monday, October 6th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $185.79, for a total transaction of $13,934,250.00.
• On Friday, October 3rd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $188.40, for a total transaction of $14,130,000.00.
• On Wednesday, October 1st, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $186.61, for a total transaction of $13,995,750.00.
• On Monday, September 29th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $182.34, for a total transaction of $13,675,500.00.
• On Friday, September 26th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $176.96, for a total transaction of $13,272,000.00.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded down $0.58 during midday trading on Monday, hitting $182.64. The company's stock had a trading volume of 128,132,897 shares, compared to its average volume of 181,517,664. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $195.62. The firm's fifty day moving average price is $179.41 and its 200-day moving average price is $154.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The firm has a market cap of $4.44 trillion, a P/E ratio of 52.03, a P/E/G ratio of 1.32 and a beta of 2.12.

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

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's payout ratio is currently 1.14%.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent research reports. Robert W. Baird lifted their target price on shares of NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, August 25th. Piper Sandler set a $225.00 target price on NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Loop Capital lifted their price target on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Arete lifted their price target on NVIDIA from $235.00 to $244.00 and gave the company a "buy" rating in a report on Tuesday, October 14th. Finally, New Street Research lifted their price target on NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a report on Friday, September 12th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NVIDIA has a consensus rating of "Buy" and an average target price of $222.23.

Institutional Trading of NVIDIA

Institutional investors and hedge funds have recently modified their holdings of the company. Astoria Portfolio Advisors LLC. raised its stake in 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 increased its holdings in NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after buying an additional 943 shares during the period. GSB Wealth Management LLC increased 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 buying an additional 1,043 shares during the period. Variant Private Wealth LLC increased 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 buying an additional 3,206 shares during the period. Finally, Financial Perspectives Inc increased 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 buying an additional 1,265 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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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