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

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $125.04, for a total value of $15,004,800.00. Following the completion of the transaction, the chief executive officer now directly owns 80,094,995 shares of the company’s stock, valued at approximately $10,015,078,174.80. 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, 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.
• On Wednesday, June 26th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The shares were sold at an average price of $124.88, for a total value of $14,985,600.00.
• 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 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 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 Performance

NASDAQ NVDA opened at $122.67 on Wednesday. The company has a quick ratio of 3.14, a current ratio of 3.53 and a debt-to-equity ratio of 0.17. The company has a 50-day simple moving average of $107.14 and a two-hundred day simple moving average of $84.26. The firm has a market cap of $3.02 trillion, a price-to-earnings ratio of 71.53, a PEG ratio of 1.30 and a beta of 1.68. NVIDIA Co. has a 12-month low of $39.23 and a 12-month high of $140.76.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The business had revenue of $26.04 billion during the quarter, compared to analyst estimates of $24.59 billion. During the same period last year, the business posted $0.09 earnings per share. NVIDIA’s quarterly revenue was up 262.1% compared to the same quarter last year. On average, equities analysts forecast that NVIDIA Co. will post 2.53 EPS for the current year.

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Tuesday, June 11th. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s payout ratio is 2.34%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NVDA. FPC Investment Advisory Inc. purchased a new position in shares of NVIDIA during the 1st quarter valued at $26,000. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of NVIDIA during the 1st quarter valued at $27,000. HBC Financial Services PLLC purchased a new position in shares of NVIDIA during the 1st quarter valued at $30,000. Norwood Financial Corp purchased a new position in shares of NVIDIA during the 1st quarter valued at $45,000. Finally, Coston McIsaac & Partners lifted its stake in shares of NVIDIA by 231.3% during the 1st quarter. Coston McIsaac & Partners now owns 53 shares of the computer hardware maker’s stock valued at $47,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on NVDA shares. Morgan Stanley increased their target price on shares of NVIDIA from $116.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday. Rosenblatt Securities increased their target price on shares of NVIDIA from $140.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Craig Hallum increased their target price on shares of NVIDIA from $85.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Barclays decreased their target price on shares of NVIDIA from $1,200.00 to $145.00 and set an “overweight” rating for the company in a research report on Monday, June 10th. Finally, Cantor Fitzgerald increased their target price on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. Five research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.34.

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.