NVIDIA Co. (NASDAQ:NVDA) CEO Sells $14,500,800.00 in Stock

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $120.84, for a total transaction of $14,500,800.00. Following the completion of the sale, the chief executive officer now directly owns 80,574,995 shares of the company’s stock, valued at $9,736,682,395.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, June 20th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $135.87, for a total transaction of $16,304,400.00.
• 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 Stock Performance

Shares of NVIDIA stock traded up $0.38 on Wednesday, reaching $126.47. The stock had a trading volume of 324,803,938 shares, compared to its average volume of 487,637,156. The stock has a market cap of $3.11 trillion, a P/E ratio of 73.96, a price-to-earnings-growth ratio of 1.33 and a beta of 1.70. NVIDIA Co. has a fifty-two week low of $39.23 and a fifty-two week high of $140.76. The business’s 50-day moving average price is $103.66 and its two-hundred day moving average price is $82.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.14 and a current ratio of 3.53.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 EPS for the quarter, beating the consensus estimate of $0.51 by $0.10. The firm had revenue of $26.04 billion during the quarter, compared to analysts’ expectations of $24.59 billion. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The business’s quarterly revenue was up 262.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. On average, sell-side analysts forecast that NVIDIA Co. will post 2.52 EPS for the current year.

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 11th will be paid a dividend of $0.10 per share. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Tuesday, June 11th. NVIDIA’s dividend payout ratio is presently 2.34%.

Analyst Ratings Changes

NVDA has been the subject of several analyst reports. Morgan Stanley reissued an “overweight” rating on shares of NVIDIA in a report on Monday, June 10th. Barclays cut their price target on shares of NVIDIA from $1,200.00 to $145.00 and set an “overweight” rating for the company in a report on Monday, June 10th. Sanford C. Bernstein upped their target price on shares of NVIDIA from $100.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Wolfe Research upped their target price on shares of NVIDIA from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, Tigress Financial upped their target price on shares of NVIDIA from $98.50 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Five analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.53.

Institutional Investors Weigh In On NVIDIA

Institutional investors and hedge funds have recently bought and sold shares of the business. Hamilton Wealth LLC increased its stake in shares of NVIDIA by 0.3% in the first quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker’s stock valued at $2,839,000 after buying an additional 9 shares during the period. Brooklyn FI LLC increased its stake in shares of NVIDIA by 2.5% in the first quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker’s stock valued at $442,000 after buying an additional 12 shares during the period. Curran Financial Partners LLC increased its position in NVIDIA by 1.8% during the 1st quarter. Curran Financial Partners LLC now owns 691 shares of the computer hardware maker’s stock valued at $625,000 after purchasing an additional 12 shares during the period. Beacon Bridge Wealth Partners LLC increased its position in NVIDIA by 2.6% during the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 473 shares of the computer hardware maker’s stock valued at $428,000 after purchasing an additional 12 shares during the period. Finally, M. Kraus & Co increased its position in NVIDIA by 2.0% during the 1st quarter. M. Kraus & Co now owns 657 shares of the computer hardware maker’s stock valued at $594,000 after purchasing an additional 13 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Company Profile

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.