Insider Selling: NVIDIA Co. (NASDAQ:NVDA) CEO Sells 120,000 Shares of Stock

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $113.04, for a total value of $13,564,800.00. Following the completion of the transaction, the chief executive officer now owns 77,334,995 shares in the company, valued at approximately $8,741,947,834.80. The transaction was disclosed in a legal filing 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 Friday, July 26th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $113.54, for a total transaction of $13,624,800.00.
• 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 stock was sold at an average price of $122.23, for a total value of $14,667,600.00.
• On Friday, July 19th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were 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 stock was sold at an average price of $128.92, for a total transaction 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 transaction 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.

NVIDIA Stock Down 1.8 %

NVIDIA stock traded down $1.94 during trading hours on Friday, hitting $107.27. The company had a trading volume of 476,233,938 shares, compared to its average volume of 456,113,375. NVIDIA Co. has a fifty-two week low of $39.23 and a fifty-two week high of $140.76. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.14. The firm has a market capitalization of $2.64 trillion, a P/E ratio of 60.89, a price-to-earnings-growth ratio of 1.23 and a beta of 1.68. The firm’s fifty day moving average is $121.68 and its 200-day moving average is $95.19.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.10. The business had revenue of $26.04 billion during the quarter, compared to analyst estimates of $24.59 billion. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. NVIDIA’s quarterly revenue was up 262.1% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. On average, research analysts forecast that NVIDIA Co. will post 2.53 earnings per share for the current year.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s payout ratio is currently 2.34%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Argus raised their price target on NVIDIA from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Susquehanna raised their target price on NVIDIA from $120.00 to $145.00 and gave the company a “positive” rating in a research note on Monday, June 10th. Stifel Nicolaus increased their price objective on shares of NVIDIA from $91.00 to $108.50 and gave the stock a “buy” rating in a report on Monday, May 20th. Citigroup boosted their target price on shares of NVIDIA from $126.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Finally, Piper Sandler raised their price target on shares of NVIDIA from $120.00 to $140.00 and gave the company an “overweight” rating in a research note 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $131.59.

Institutional Investors Weigh In On NVIDIA

Large investors have recently added to or reduced their stakes in the stock. Aurora Private Wealth Inc. lifted its position in NVIDIA by 20.4% in the fourth quarter. Aurora Private Wealth Inc. now owns 2,196 shares of the computer hardware maker’s stock worth $1,088,000 after purchasing an additional 372 shares during the period. Wagner Wealth Management LLC lifted its holdings in shares of NVIDIA by 6.2% during the 4th quarter. Wagner Wealth Management LLC now owns 664 shares of the computer hardware maker’s stock worth $329,000 after acquiring an additional 39 shares during the period. New Potomac Partners LLC boosted its position in shares of NVIDIA by 2.3% during the 4th quarter. New Potomac Partners LLC now owns 3,578 shares of the computer hardware maker’s stock valued at $1,772,000 after acquiring an additional 80 shares in the last quarter. Meridian Financial Partners LLC raised its position in NVIDIA by 21.2% in the fourth quarter. Meridian Financial Partners LLC now owns 2,039 shares of the computer hardware maker’s stock worth $1,010,000 after purchasing an additional 356 shares in the last quarter. Finally, Synergy Asset Management LLC lifted its stake in NVIDIA by 54.3% during the fourth quarter. Synergy Asset Management LLC now owns 27,269 shares of the computer hardware maker’s stock worth $13,504,000 after purchasing an additional 9,599 shares during the period. Institutional investors 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.