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

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $135.87, for a total transaction of $16,304,400.00. Following the sale, the chief executive officer now directly owns 80,814,995 shares of the company’s stock, valued at approximately $10,980,333,370.65. The transaction was disclosed in a filing 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, June 24th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $120.84, for a total transaction of $14,500,800.00.
• On Thursday, June 13th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $128.74, for a total transaction of $15,448,800.00.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $126.40 on Thursday. The company has a current ratio of 3.53, a quick ratio of 3.14 and a debt-to-equity ratio of 0.17. The firm’s 50-day moving average price is $103.66 and its 200-day moving average price is $82.10. The firm has a market capitalization of $3.11 trillion, a P/E ratio of 73.92, a P/E/G ratio of 1.33 and a beta of 1.70. NVIDIA Co. has a 1-year low of $39.23 and a 1-year high of $140.76.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results 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 for 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%. The company’s quarterly revenue was up 262.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. Equities research analysts anticipate that NVIDIA Co. will post 2.52 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Tuesday, June 11th. This is a positive change from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s payout ratio is 2.34%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NVDA shares. Tigress Financial raised their target price on NVIDIA from $98.50 to $170.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. UBS Group lifted their target price on NVIDIA from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Bank of America increased their target price on shares of NVIDIA from $132.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, June 3rd. KeyCorp lifted their price target on shares of NVIDIA from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Finally, Morgan Stanley reissued an “overweight” rating on shares of NVIDIA in a research note on Monday, June 10th. Five equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.53.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Cardiff Park Advisors LLC lifted its position in NVIDIA by 33.2% in the 3rd quarter. Cardiff Park Advisors LLC now owns 6,091 shares of the computer hardware maker’s stock valued at $2,650,000 after acquiring an additional 1,517 shares in the last quarter. Dark Forest Capital Management LP raised its stake in shares of NVIDIA by 5.6% in the third quarter. Dark Forest Capital Management LP now owns 4,043 shares of the computer hardware maker’s stock worth $1,759,000 after purchasing an additional 213 shares during the last quarter. NWI Management LP lifted its holdings in shares of NVIDIA by 2,500.0% in the third quarter. NWI Management LP now owns 260,000 shares of the computer hardware maker’s stock valued at $113,097,000 after purchasing an additional 250,000 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its position in shares of NVIDIA by 16.4% during the third quarter. Ontario Teachers Pension Plan Board now owns 4,370 shares of the computer hardware maker’s stock valued at $1,901,000 after buying an additional 616 shares during the last quarter. Finally, Motley Fool Asset Management LLC grew its holdings in NVIDIA by 9.4% during the third quarter. Motley Fool Asset Management LLC now owns 63,582 shares of the computer hardware maker’s stock worth $27,658,000 after buying an additional 5,484 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

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.