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 on Wednesday, June 26th. The shares were sold at an average price of $124.88, for a total transaction of $14,985,600.00. Following the completion of the sale, the chief executive officer now directly owns 80,334,995 shares in the company, valued at $10,032,234,175.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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 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 value 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 value of $15,448,800.00.

NVIDIA Stock Down 0.4 %

Shares of NASDAQ NVDA opened at $123.54 on Monday. The company has a quick ratio of 3.14, a current ratio of 3.53 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $106.24 and its two-hundred day moving average is $83.73. NVIDIA Co. has a 52-week low of $39.23 and a 52-week high of $140.76. The firm has a market cap of $3.04 trillion, a price-to-earnings ratio of 72.25, a PEG ratio of 1.30 and a beta of 1.70.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The business had revenue of $26.04 billion during the quarter, compared to analysts’ expectations of $24.59 billion. During the same period in the previous year, the firm posted $0.09 earnings per share. The company’s revenue was up 262.1% on a year-over-year basis. Research analysts predict that NVIDIA Co. will post 2.53 EPS for the current year.

NVIDIA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th were paid a $0.10 dividend. This is a positive change 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 0.32%. NVIDIA’s dividend payout ratio (DPR) is presently 2.34%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Westfield Capital Management Co. LP increased its position in shares of NVIDIA by 19.7% during the third quarter. Westfield Capital Management Co. LP now owns 638,970 shares of the computer hardware maker’s stock worth $277,946,000 after acquiring an additional 105,120 shares during the period. Weik Capital Management acquired a new position in NVIDIA during the 3rd quarter worth $217,000. W Advisors LLC increased its holdings in NVIDIA by 123.3% during the 3rd quarter. W Advisors LLC now owns 1,342 shares of the computer hardware maker’s stock worth $584,000 after purchasing an additional 741 shares during the period. Valley National Advisers Inc. raised its position in NVIDIA by 7.1% in the 3rd quarter. Valley National Advisers Inc. now owns 3,583 shares of the computer hardware maker’s stock valued at $1,559,000 after purchasing an additional 236 shares in the last quarter. Finally, Truvestments Capital LLC boosted its stake in shares of NVIDIA by 5.7% in the 3rd quarter. Truvestments Capital LLC now owns 4,764 shares of the computer hardware maker’s stock valued at $2,072,000 after buying an additional 258 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Ratings Changes

NVDA has been the subject of several analyst reports. DZ Bank cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $102.50 target price for the company. in a research note on Friday, May 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of NVIDIA from $85.00 to $100.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. Bank of America increased their price objective on shares of NVIDIA from $132.00 to $150.00 and gave the company a “buy” rating in a report on Monday, June 3rd. Wedbush boosted their target price on shares of NVIDIA from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Finally, Morgan Stanley reaffirmed 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-eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $125.66.

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.