NVIDIA Co. (NASDAQ:NVDA) CEO Sells $14,733,600.00 in Stock

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $122.78, for a total value of $14,733,600.00. Following the completion of the sale, the chief executive officer now directly owns 79,974,995 shares of the company’s stock, valued at approximately $9,819,329,886.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 transaction 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 transaction of $14,500,800.00.
• On Thursday, June 20th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was 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 Stock Down 1.3 %

Shares of NASDAQ:NVDA opened at $122.67 on Wednesday. NVIDIA Co. has a 52 week low of $39.23 and a 52 week high of $140.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.14 and a current ratio of 3.53. The company has a market cap of $3.02 trillion, a PE ratio of 71.53, a price-to-earnings-growth ratio of 1.30 and a beta of 1.68. The firm has a 50 day simple moving average of $107.14 and a 200 day simple moving average of $84.26.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 EPS for the quarter, topping the consensus estimate of $0.51 by $0.10. The business had revenue of $26.04 billion during the quarter, compared to analysts’ expectations of $24.59 billion. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. NVIDIA’s revenue was up 262.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. As a group, research analysts expect that NVIDIA Co. will post 2.53 earnings per share for the current year.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 11th were issued a dividend of $0.10 per share. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Tuesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is currently 2.34%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NVDA. Deutsche Bank Aktiengesellschaft raised their price target on NVIDIA from $85.00 to $100.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Melius Research lifted their price target on shares of NVIDIA from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. 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 report on Monday, June 24th. Cantor Fitzgerald boosted their target price on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. Finally, Robert W. Baird increased their price target on NVIDIA from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Five investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $126.34.

Institutional Investors Weigh In On NVIDIA

A number of institutional investors have recently modified their holdings of NVDA. Modus Advisors LLC boosted its position in NVIDIA by 1,029.0% during the second quarter. Modus Advisors LLC now owns 54,947 shares of the computer hardware maker’s stock valued at $6,788,000 after purchasing an additional 50,080 shares during the last quarter. Global Wealth Strategies & Associates lifted its holdings in shares of NVIDIA by 846.4% during the 2nd quarter. Global Wealth Strategies & Associates now owns 9,966 shares of the computer hardware maker’s stock valued at $1,231,000 after buying an additional 8,913 shares during the last quarter. Marcum Wealth LLC lifted its holdings in shares of NVIDIA by 912.2% during the 2nd quarter. Marcum Wealth LLC now owns 85,187 shares of the computer hardware maker’s stock valued at $10,524,000 after buying an additional 76,771 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its holdings in NVIDIA by 16.5% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 44,252 shares of the computer hardware maker’s stock worth $5,467,000 after buying an additional 6,262 shares during the last quarter. Finally, M&R Capital Management Inc. raised its position in NVIDIA by 908.7% during the second quarter. M&R Capital Management Inc. now owns 56,668 shares of the computer hardware maker’s stock valued at $7,001,000 after acquiring an additional 51,050 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

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.