Insider Selling: NVIDIA Co. (NASDAQ:NVDA) CEO Sells $16,304,400.00 in Stock

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $135.87, for a total transaction of $16,304,400.00. Following the transaction, the chief executive officer now directly owns 80,814,995 shares in the company, valued at approximately $10,980,333,370.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $14,500,800.00.
• 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 Price Performance

NASDAQ NVDA opened at $126.40 on Thursday. The company has a market cap of $3.11 trillion, a PE ratio of 73.92, a PEG ratio of 1.33 and a beta of 1.70. The stock’s 50-day moving average price is $103.66 and its two-hundred day moving average price is $82.10. The company has a current ratio of 3.53, a quick ratio of 3.14 and a debt-to-equity ratio of 0.17. NVIDIA Co. has a 1 year low of $39.23 and a 1 year high of $140.76.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data 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 return on equity of 110.60% and a net margin of 53.40%. The firm had revenue of $26.04 billion during the quarter, compared to analysts’ expectations of $24.59 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The business’s revenue for the quarter was up 262.1% on a year-over-year basis. On average, analysts predict that NVIDIA Co. will post 2.52 EPS for the current year.

NVIDIA Increases Dividend

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

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. acquired a new stake in NVIDIA in the 1st quarter worth $26,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in NVIDIA during the first quarter worth about $27,000. LFA Lugano Financial Advisors SA bought a new position in NVIDIA during the fourth quarter valued at about $28,000. Criterion Capital Advisors LLC acquired a new position in NVIDIA in the 4th quarter valued at approximately $28,000. Finally, HBC Financial Services PLLC bought a new stake in shares of NVIDIA in the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NVDA shares. KeyCorp lifted their price objective on shares of NVIDIA from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. TD Cowen boosted their price objective on shares of NVIDIA from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Jefferies Financial Group increased their price objective on shares of NVIDIA from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday. Cantor Fitzgerald lifted their target price on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Raymond James raised their price target on NVIDIA from $110.00 to $120.00 and gave the stock a “strong-buy” rating in a report on Thursday, May 23rd. Five analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $123.53.

About NVIDIA

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.