Jen Hsun Huang Sells 120,000 Shares of NVIDIA Co. (NASDAQ:NVDA) Stock

Posted by Brian Wu on Aug 1st, 2024

NVIDIA Co. (NASDAQ:NVDA – Get Free Report) CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $113.54, for a total value of $13,624,800.00. Following the completion of the sale, the chief executive officer now owns 77,814,995 shares of the company’s stock, valued at $8,835,114,532.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

On Tuesday, July 30th, Jen Hsun Huang 120,000 shares of NVIDIA stock.
On Wednesday, July 24th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $117.24, for a total transaction of $14,068,800.00.
On Monday, July 22nd, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $122.23, for a total transaction of $14,667,600.00.
On Friday, July 19th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $119.06, for a total value of $14,287,200.00.
On Wednesday, July 17th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $119.17, for a total value of $14,300,400.00.
On Monday, July 15th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $128.92, for a total value of $15,470,400.00.
On Friday, July 12th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $130.03, for a total value of $15,603,600.00.
On Wednesday, July 10th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $134.10, for a total transaction of $16,092,000.00.
On Monday, July 8th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $128.60, for a total transaction of $15,432,000.00.
On Friday, July 5th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $127.14, for a total transaction of $15,256,800.00.

NVIDIA Price Performance

NASDAQ:NVDA opened at $117.02 on Thursday. The stock has a market capitalization of $2.88 trillion, a PE ratio of 68.43, a P/E/G ratio of 1.17 and a beta of 1.68. NVIDIA Co. has a 1-year low of $39.23 and a 1-year high of $140.76. The firm has a fifty day simple moving average of $121.57 and a 200 day simple moving average of $95.10. The company has a current ratio of 3.53, a quick ratio of 3.14 and a debt-to-equity ratio of 0.17.

NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.10. The business had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. NVIDIA’s revenue was up 262.1% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. On average, research analysts expect that NVIDIA Co. will post 2.53 EPS for the current fiscal year.

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 11th were issued a dividend of $0.10 per share. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. NVIDIA’s payout ratio is presently 2.34%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NVDA. Waldron Private Wealth LLC increased its stake in shares of NVIDIA by 898.1% during the second quarter. Waldron Private Wealth LLC now owns 218,318 shares of the computer hardware maker’s stock worth $26,971,000 after purchasing an additional 196,445 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in NVIDIA by 999.9% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 80,666 shares of the computer hardware maker’s stock valued at $9,966,000 after buying an additional 73,332 shares in the last quarter. Claro Advisors LLC increased its position in NVIDIA by 903.9% during the 2nd quarter. Claro Advisors LLC now owns 101,911 shares of the computer hardware maker’s stock worth $12,590,000 after buying an additional 91,759 shares during the period. Summit Financial LLC lifted its holdings in shares of NVIDIA by 1,142.7% during the second quarter. Summit Financial LLC now owns 300,549 shares of the computer hardware maker’s stock worth $37,130,000 after buying an additional 276,364 shares in the last quarter. Finally, Montag A & Associates Inc. boosted its position in shares of NVIDIA by 911.5% in the second quarter. Montag A & Associates Inc. now owns 154,287 shares of the computer hardware maker’s stock valued at $19,061,000 after acquiring an additional 139,034 shares during the period. 65.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NVDA. Argus increased their price target on NVIDIA from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Cantor Fitzgerald increased their target price on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, June 26th. Robert W. Baird boosted their target price on NVIDIA from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. KeyCorp increased their price target on shares of NVIDIA from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Finally, Piper Sandler boosted their price objective on shares of NVIDIA from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Six research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $131.59.

Check Out Our Latest Research Report on NVDA

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.