NVIDIA (NASDAQ:NVDA) CEO Sells $14,129,250.00 in Stock

Key Points

• NVIDIA CEO Jen Hsun Huang sold a total of $14,129,250 in stock on October 8, reducing his ownership by 0.11% to approximately 70.7 million shares.
• In recent weeks, Huang has completed several sales of NVIDIA shares, averaging around $188.39 over multiple transactions totaling more than $102 million.
• NVIDIA's stock recently traded down to $183.16 after analysts have raised the price target for the shares to between $210 and $225, indicating a positive outlook despite recent price fluctuations.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $188.39, for a total transaction of $14,129,250.00. Following the sale, the chief executive officer owned 70,708,203 shares in the company, valued at $13,320,718,363.17. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, October 10th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $190.20, for a total transaction of $14,265,000.00.
• On Monday, October 6th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was 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 stock was sold at an average price of $176.96, for a total transaction of $13,272,000.00.
• On Wednesday, September 24th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $177.60, for a total transaction of $13,320,000.00.
• On Monday, September 22nd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $179.01, for a total transaction of $13,425,750.00.
• On Friday, September 19th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $176.42, for a total transaction of $13,231,500.00.
• On Wednesday, September 17th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $170.30, for a total transaction of $12,772,500.00.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded down $9.41 on Friday, reaching $183.16. 265,041,431 shares of the company were exchanged, compared to its average volume of 230,385,828. 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 1-year low of $86.62 and a 1-year high of $195.62. The firm has a market cap of $4.45 trillion, a price-to-earnings ratio of 52.18, a price-to-earnings-growth ratio of 1.37 and a beta of 2.12. The company has a 50-day moving average of $178.97 and a 200-day moving average of $150.06.

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

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on NVDA shares. DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $195.00 to $210.00 in a report on Thursday, September 11th. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the company an "overweight" rating in a report on Wednesday, August 13th. Morgan Stanley upped their price target on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. TD Cowen upped their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. Finally, Benchmark upped their price target on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $212.84.

Institutional Investors Weigh In On NVIDIA

Several large investors have recently made changes to their positions in the business. Harbor Asset Planning Inc. purchased a new stake in shares of NVIDIA during the second quarter valued at approximately $28,000. Winnow Wealth LLC acquired a new stake in NVIDIA during the 2nd quarter valued at $32,000. Longfellow Investment Management Co. LLC grew 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 in the last quarter. Spurstone Advisory Services LLC acquired a new stake in NVIDIA during the 2nd quarter valued at $40,000. Finally, Kathleen S. Wright Associates Inc. grew 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 in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

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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