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

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $124.88, for a total transaction of $14,985,600.00. Following the sale, the chief executive officer now owns 80,334,995 shares of the company’s stock, valued at $10,032,234,175.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 transaction of $14,500,800.00.
• On Thursday, June 20th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $135.87, for a total transaction 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 transaction of $15,448,800.00.

NVIDIA Trading Down 0.4 %

Shares of NASDAQ NVDA opened at $123.54 on Friday. The company’s fifty day moving average is $106.24 and its 200-day moving average is $83.23. The stock has a market cap of $3.04 trillion, a price-to-earnings ratio of 72.25, a P/E/G ratio of 1.31 and a beta of 1.70. NVIDIA Co. has a twelve month low of $39.23 and a twelve month high of $140.76. 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 (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The company had revenue of $26.04 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. Equities research analysts predict that NVIDIA Co. will post 2.53 EPS for the current year.

NVIDIA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is currently 2.34%.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently made changes to their positions in NVDA. FPC Investment Advisory Inc. acquired a new stake in shares of NVIDIA during the first quarter worth $26,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of NVIDIA during the first quarter worth $27,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of NVIDIA during the fourth quarter worth $28,000. Criterion Capital Advisors LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth $28,000. Finally, HBC Financial Services PLLC acquired a new stake in shares of NVIDIA during the first quarter worth $30,000. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NVDA has been the subject of several research reports. KeyCorp increased their target price on shares of NVIDIA from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. UBS Group increased their target price on shares of NVIDIA from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Raymond James increased their target price on shares of NVIDIA from $110.00 to $120.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 23rd. Piper Sandler increased their target price on shares of NVIDIA from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Finally, Argus increased their price target on shares of NVIDIA from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Five research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $123.80.

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.