Jen Hsun Huang Sells 120,000 Shares of NVIDIA Co. (NASDAQ:NVDA) 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 sale, the chief executive officer now directly owns 80,574,995 shares of the company’s stock, valued at approximately $9,736,682,395.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 stock was 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 stock was sold at an average price of $128.74, for a total transaction of $15,448,800.00.

NVIDIA Trading Up 0.3 %

Shares of NASDAQ NVDA traded up $0.38 during midday trading on Wednesday, reaching $126.47. 324,803,938 shares of the stock were exchanged, compared to its average volume of 487,637,156. The company has a market capitalization of $3.11 trillion, a P/E ratio of 73.96, a P/E/G ratio of 1.33 and a beta of 1.70. NVIDIA Co. has a 52-week low of $39.23 and a 52-week high of $140.76. 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 stock has a 50 day moving average price of $103.66 and a 200-day moving average price of $82.10.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The firm had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. During the same period in the previous year, the firm earned $0.09 earnings per share. NVIDIA’s revenue was up 262.1% compared to the same quarter last year. Equities research analysts expect that NVIDIA Co. will post 2.52 earnings per share for the current fiscal 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 issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. The ex-dividend date is Tuesday, June 11th. NVIDIA’s payout ratio is presently 2.34%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Benchmark upped their target price on shares of NVIDIA from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Citigroup increased their price objective on shares of NVIDIA from $126.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday. Wolfe Research upped their target price on shares of NVIDIA from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Cantor Fitzgerald upped their target price on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, UBS Group increased their price objective on shares of NVIDIA from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Five investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $123.53.

Institutional Investors Weigh In On NVIDIA

A number of institutional investors have recently bought and sold shares of the stock. Acorns Advisers LLC acquired a new position in shares of NVIDIA during the third quarter worth $485,000. EPG Wealth Management LLC lifted its position in shares of NVIDIA by 5.4% during the third quarter. EPG Wealth Management LLC now owns 14,055 shares of the computer hardware maker’s stock worth $6,114,000 after purchasing an additional 726 shares in the last quarter. Addison Capital Co lifted its position in shares of NVIDIA by 1.8% during the third quarter. Addison Capital Co now owns 1,613 shares of the computer hardware maker’s stock worth $701,000 after purchasing an additional 28 shares in the last quarter. Insight Holdings Group LLC raised its holdings in NVIDIA by 3.4% in the third quarter. Insight Holdings Group LLC now owns 30,300 shares of the computer hardware maker’s stock valued at $13,180,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Brasada Capital Management LP acquired a new stake in NVIDIA in the third quarter valued at $2,189,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

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.