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

Key Points

• NVIDIA CEO Jen Hsun Huang sold 75,000 shares at an average price of $179.91, totaling over $13.4 million, which reduced his holdings by 0.11% to approximately 69.96 million shares.
• The CEO's recent trading activity includes multiple sales, with the highest price per share at $190.20, and the sales taking place over the span of several weeks.
• NVIDIA's stock has experienced significant trading volumes and a current market cap of $4.43 trillion, along with strong earnings performance, reporting a 55.6% year-over-year revenue increase.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $179.91, for a total value of $13,493,250.00. Following the completion of the transaction, the chief executive officer owned 69,958,203 shares in the company, valued at $12,586,180,301.73. This trade represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, October 20th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $183.38, for a total value of $13,753,500.00.
• 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $13,675,500.00.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded up $1.88 during trading on Thursday, hitting $182.16. 110,921,012 shares of the stock were exchanged, compared to its average volume of 171,981,344. The company has a fifty day moving average price of $179.35 and a two-hundred day moving average price of $155.20. The company has a market cap of $4.43 trillion, a PE ratio of 51.90, a P/E/G ratio of 1.30 and a beta of 2.12. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62.

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 (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion during 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 company's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Institutional Trading of NVIDIA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbor Asset Planning Inc. bought a new position in NVIDIA during the 2nd quarter valued at about $28,000. Winnow Wealth LLC bought a new position in NVIDIA during the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC lifted its holdings 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 last quarter. Spurstone Advisory Services LLC bought a new position in NVIDIA during the 2nd quarter valued at about $40,000. Finally, Kathleen S. Wright Associates Inc. lifted its holdings 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 valued at $44,000 after purchasing an additional 254 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on NVDA shares. Wolfe Research raised their price target on shares of NVIDIA from $220.00 to $230.00 in a research note on Tuesday, September 23rd. Robert W. Baird raised their target price on shares of NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $220.00 price objective (up previously from $205.00) on shares of NVIDIA in a research note on Monday, September 29th. Cantor Fitzgerald set a $300.00 price objective on shares of NVIDIA and gave the stock an "overweight" rating in a research note on Thursday, October 9th. Finally, Citigroup reaffirmed a "buy" rating and issued a $210.00 price objective (up previously from $200.00) on shares of NVIDIA in a research note on Tuesday, September 30th. Five analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, NVIDIA has an average rating of "Buy" and an average target price of $222.23.

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.

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.