NVIDIA Co. (NASDAQ:NVDA) CEO Sells $16,092,000.00 in Stock

Posted by Jim Brewer on Jul 11th, 2024

NVIDIA Co. (NASDAQ:NVDA – Get Free Report) CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $134.10, for a total value of $16,092,000.00. Following the transaction, the chief executive officer now directly owns 79,254,995 shares of the company’s stock, valued at $10,628,094,829.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

On Monday, July 8th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $128.60, for a total value of $15,432,000.00.
On Friday, July 5th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $127.14, for a total value of $15,256,800.00.
On Wednesday, July 3rd, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $124.28, for a total value of $14,913,600.00.
On Monday, July 1st, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $122.78, for a total value of $14,733,600.00.
On Friday, June 28th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $125.04, for a total value of $15,004,800.00.
On Wednesday, June 26th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $124.88, for a total value of $14,985,600.00.
On Monday, June 24th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $120.84, for a total value 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 shares were sold at an average price of $128.74, for a total value of $15,448,800.00.

NVIDIA Trading Down 5.6 %

Shares of NVDA stock traded down $7.51 on Thursday, hitting $127.40. The stock had a trading volume of 373,042,180 shares, compared to its average volume of 471,029,750. NVIDIA Co. has a twelve month low of $39.23 and a twelve month high of $140.76. The firm has a market cap of $3.13 trillion, a P/E ratio of 76.88, a PEG ratio of 1.35 and a beta of 1.68. 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 company has a fifty day moving average price of $113.34 and a two-hundred day moving average price of $87.91.

NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.10. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The company had revenue of $26.04 billion during the quarter, compared to analyst estimates of $24.59 billion. During the same quarter in the previous year, the business earned $0.09 EPS. The firm’s revenue was up 262.1% on a year-over-year basis. As a group, analysts forecast that NVIDIA Co. will post 2.53 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 11th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, June 11th. This is a positive change from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. NVIDIA’s dividend payout ratio is presently 2.34%.

Hedge Funds Weigh In On NVIDIA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVDA. Hamilton Wealth LLC raised its holdings in NVIDIA by 0.3% in the 1st quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker’s stock valued at $2,839,000 after acquiring an additional 9 shares during the period. Brooklyn FI LLC raised its holdings in NVIDIA by 2.5% in the 1st quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker’s stock valued at $442,000 after acquiring an additional 12 shares during the period. Curran Financial Partners LLC raised its holdings in NVIDIA by 1.8% in the 1st quarter. Curran Financial Partners LLC now owns 691 shares of the computer hardware maker’s stock valued at $625,000 after acquiring an additional 12 shares during the period. Beacon Bridge Wealth Partners LLC raised its holdings in NVIDIA by 2.6% in the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 473 shares of the computer hardware maker’s stock valued at $428,000 after acquiring an additional 12 shares during the period. Finally, M. Kraus & Co raised its holdings in NVIDIA by 2.0% in the 1st quarter. M. Kraus & Co now owns 657 shares of the computer hardware maker’s stock valued at $594,000 after acquiring an additional 13 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NVDA has been the topic of several recent research reports. Argus raised their target price on NVIDIA from $110.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. JPMorgan Chase & Co. raised their price target on NVIDIA from $85.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Citigroup raised their price target on NVIDIA from $126.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Morgan Stanley raised their price target on NVIDIA from $116.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, July 1st. Finally, Cantor Fitzgerald raised their price target on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. Six analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $128.29.

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NVIDIA Company Profile

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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.