Insider Selling: NVIDIA Co. (NASDAQ:NVDA) CEO Sells $14,068,800.00 in Stock

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $117.24, for a total transaction of $14,068,800.00. Following the completion of the transaction, the chief executive officer now owns 78,054,995 shares of the company’s stock, valued at approximately $9,151,167,613.80. The transaction was disclosed in a 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 Monday, July 22nd, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were 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 stock was sold at an average price of $119.06, for a total value of $14,287,200.00.
• On Wednesday, July 17th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was 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 shares were 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 stock was 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 transaction of $15,432,000.00.
• On Friday, July 5th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $127.14, for a total transaction 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 shares were sold at an average price of $122.78, for a total value of $14,733,600.00.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $113.06 on Friday. The firm has a 50 day moving average of $120.63 and a 200-day moving average of $93.92. NVIDIA Co. has a 12 month low of $39.23 and a 12 month 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 market capitalization of $2.78 trillion, a PE ratio of 66.12, a PEG ratio of 1.18 and a beta of 1.68.

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

NVIDIA Increases Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.35%. NVIDIA’s dividend payout ratio (DPR) is 2.34%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NVDA shares. Mizuho increased their price objective on NVIDIA from $118.00 to $127.50 and gave the company a “buy” rating in a report on Tuesday, June 4th. Bank of America increased their price target on shares of NVIDIA from $132.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. Needham & Company LLC lifted their price objective on shares of NVIDIA from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of NVIDIA from $85.00 to $100.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd. Finally, Oppenheimer reissued an “outperform” rating and set a $110.00 price target on shares of NVIDIA in a research report on Thursday, May 23rd. Six investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.59.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NVDA. Hamilton Wealth LLC lifted its stake 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 purchasing an additional 9 shares during the last quarter. Brooklyn FI LLC lifted its stake in shares of 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 last quarter. Curran Financial Partners LLC boosted its holdings in shares of NVIDIA by 1.8% during 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 in the last quarter. Beacon Bridge Wealth Partners LLC grew its position in NVIDIA by 2.6% during the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 473 shares of the computer hardware maker’s stock worth $428,000 after acquiring an additional 12 shares during the last quarter. Finally, M. Kraus & Co increased 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 worth $594,000 after purchasing an additional 13 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

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.