NVIDIA Co. (NASDAQ:NVDA) CEO Sells $13,419,600.00 in Stock

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $111.83, for a total transaction of $13,419,600.00. Following the completion of the transaction, the chief executive officer now directly owns 75,655,836 shares of the company’s stock, valued at $8,460,592,139.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, September 9th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $105.33, for a total transaction of $12,639,600.00.
• On Thursday, September 5th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $107.44, for a total transaction of $12,892,800.00.
• On Tuesday, September 3rd, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $110.76, for a total transaction of $13,291,200.00.
• On Friday, August 30th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $119.03, for a total transaction of $14,283,600.00.
• On Friday, August 9th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $104.83, for a total transaction of $12,579,600.00.
• On Wednesday, August 7th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $103.85, for a total transaction of $12,462,000.00.
• On Monday, August 5th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $99.81, for a total transaction of $11,977,200.00.
• On Thursday, August 1st, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $113.04, for a total transaction of $13,564,800.00.
• 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 transaction 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.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $119.10 on Friday. NVIDIA Co. has a twelve month low of $39.23 and a twelve month high of $140.76. The stock’s 50 day moving average price is $117.42 and its 200-day moving average price is $105.93. The company has a market capitalization of $2.93 trillion, a PE ratio of 69.65, a PEG ratio of 1.06 and a beta of 1.67. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The business had revenue of $30.04 billion for the quarter, compared to the consensus estimate of $28.74 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. NVIDIA’s revenue for the quarter was up 122.4% on a year-over-year basis. On average, equities analysts anticipate that NVIDIA Co. will post 2.64 EPS for the current year.

NVIDIA Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s payout ratio is 2.34%.

NVIDIA announced that its board has initiated a stock repurchase program on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

NVDA has been the topic of several research reports. Citigroup increased their price target on shares of NVIDIA from $126.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. StockNews.com lowered shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Mizuho boosted their target price on shares of NVIDIA from $132.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Westpark Capital boosted their target price on shares of NVIDIA from $127.50 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Wolfe Research boosted their target price on shares of NVIDIA from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Five equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $142.10.

Institutional Investors Weigh In On NVIDIA

Institutional investors have recently made changes to their positions in the stock. FPC Investment Advisory Inc. purchased a new stake in shares of NVIDIA during the first quarter worth $26,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of NVIDIA during the first quarter worth $27,000. HBC Financial Services PLLC purchased a new stake in shares of NVIDIA during the first quarter worth $30,000. Norwood Financial Corp purchased a new stake in shares of NVIDIA during the first quarter worth $45,000. Finally, Coston McIsaac & Partners increased its holdings in shares of NVIDIA by 231.3% in the first quarter. Coston McIsaac & Partners now owns 53 shares of the computer hardware maker’s stock worth $47,000 after purchasing an additional 37 shares during the period. Hedge funds and other institutional investors 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.