NVIDIA Corporation (NASDAQ:NVDA – Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $182.34, for a total transaction of $13,675,500.00. Following the transaction, the chief executive officer directly owned 71,233,203 shares of the company’s stock, valued at approximately $12,988,662,235.02. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Jen Hsun Huang also recently made the following trade(s):
- On Friday, September 26th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $176.96, for a total value of $13,272,000.00.
- On Wednesday, September 24th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $177.60, for a total value of $13,320,000.00.
- On Monday, September 22nd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $179.01, for a total value of $13,425,750.00.
- On Friday, September 19th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $176.42, for a total value of $13,231,500.00.
- On Wednesday, September 17th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $170.30, for a total value of $12,772,500.00.
- On Monday, September 15th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $176.57, for a total transaction of $13,242,750.00.
- On Friday, September 12th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $177.72, for a total transaction of $13,329,000.00.
- On Wednesday, September 10th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00.
- On Monday, September 8th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $169.71, for a total transaction of $12,728,250.00.
- On Thursday, September 4th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $170.68, for a total transaction of $12,801,000.00.
NVIDIA Stock Up 0.4%
NVDA stock opened at $187.24 on Thursday. The stock has a market capitalization of $4.55 trillion, a P/E ratio of 53.34, a PEG ratio of 1.35 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a one year low of $86.62 and a one year high of $188.14. The company has a 50 day moving average price of $177.52 and a two-hundred day moving average price of $147.17.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is 1.14%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. boosted its holdings in NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock valued at $9,610,000 after purchasing an additional 864 shares during the last quarter. Centerpoint Advisory Group boosted its stake in NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock valued at $4,270,000 after acquiring an additional 943 shares during the last quarter. GSB Wealth Management LLC boosted its stake in NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock valued at $3,534,000 after acquiring an additional 1,043 shares during the last quarter. Variant Private Wealth LLC boosted its stake in NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock valued at $2,038,000 after acquiring an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc boosted its stake in NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock valued at $4,981,000 after acquiring an additional 1,265 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Wedbush restated an “outperform” rating and issued a $210.00 target price on shares of NVIDIA in a report on Thursday, August 28th. JPMorgan Chase & Co. reissued a “buy” rating and set a $215.00 price objective on shares of NVIDIA in a research note on Friday, September 19th. DA Davidson raised shares of NVIDIA from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $195.00 to $210.00 in a research note on Thursday, September 11th. Robert W. Baird boosted their price objective on shares of NVIDIA from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Finally, UBS Group reissued a “buy” rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $211.00.
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.
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