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

Posted by Scott Davis on Aug 5th, 2024

NVIDIA Co. (NASDAQ:NVDA – Get Free Report) CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $113.04, for a total value of $13,564,800.00. Following the completion of the sale, the chief executive officer now directly owns 77,334,995 shares of the company’s stock, valued at approximately $8,741,947,834.80. The sale was disclosed in a legal 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 Tuesday, July 30th, Jen Hsun Huang 120,000 shares of NVIDIA stock.
On Friday, July 26th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $113.54, for a total value of $13,624,800.00.
On Wednesday, July 24th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $117.24, for a total transaction of $14,068,800.00.
On Monday, July 22nd, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $122.23, for a total transaction of $14,667,600.00.
On Friday, July 19th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $119.06, for a total transaction of $14,287,200.00.
On Wednesday, July 17th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $119.17, for a total value of $14,300,400.00.
On Monday, July 15th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $128.92, for a total value of $15,470,400.00.
On Friday, July 12th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $130.03, for a total value of $15,603,600.00.
On Wednesday, July 10th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $134.10, for a total transaction of $16,092,000.00.
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.

NVIDIA Stock Down 1.8 %

Shares of NVIDIA stock opened at $107.27 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. NVIDIA Co. has a 12-month low of $39.23 and a 12-month high of $140.76. The firm has a market capitalization of $2.64 trillion, a PE ratio of 62.73, a price-to-earnings-growth ratio of 1.15 and a beta of 1.68. The stock’s fifty day moving average is $121.70 and its 200-day moving average is $96.11.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. The company had revenue of $26.04 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share. Equities analysts anticipate that NVIDIA Co. will post 2.53 earnings per share for the current year.

NVIDIA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th were paid a dividend of $0.10 per share. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Tuesday, June 11th. NVIDIA’s payout ratio is 2.34%.

Institutional Trading of NVIDIA

A number of hedge funds have recently modified their holdings of the business. Hamilton Wealth LLC boosted its position in NVIDIA by 0.3% during the 1st quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker’s stock worth $2,839,000 after acquiring an additional 9 shares during the period. Brooklyn FI LLC boosted its holdings in shares of NVIDIA by 2.5% during the first quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker’s stock worth $442,000 after purchasing an additional 12 shares during the period. Curran Financial Partners LLC grew its position in NVIDIA by 1.8% during the first 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 in the last quarter. Beacon Bridge Wealth Partners LLC grew its position in NVIDIA by 2.6% during the first 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 in the last quarter. Finally, M. Kraus & Co increased its stake 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 buying an additional 13 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NVDA shares. Craig Hallum increased their price objective on shares of NVIDIA from $85.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Wells Fargo & Company lifted their price target on NVIDIA from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 18th. Sanford C. Bernstein upped their price objective on NVIDIA from $100.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. JPMorgan Chase & Co. lifted their target price on NVIDIA from $85.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Finally, KeyCorp upped their price target on NVIDIA from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Six analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.59.

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About NVIDIA

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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.