Jen Hsun Huang Sells 75,000 Shares of NVIDIA (NASDAQ:NVDA) Stock

NVIDIA Corporation (NASDAQ:NVDA) CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $190.20, for a total transaction of $14,265,000.00. Following the sale, the chief executive officer owned 70,558,203 shares in the company, valued at approximately $13,420,170,210.60. This trade represents a 0.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, October 8th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $188.39, for a total transaction of $14,129,250.00.
• On Monday, October 6th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $185.79, for a total transaction of $13,934,250.00.
• On Friday, October 3rd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $188.40, for a total transaction of $14,130,000.00.
• On Wednesday, October 1st, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $186.61, for a total transaction of $13,995,750.00.
• On Monday, September 29th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $182.34, for a total transaction of $13,675,500.00.
• On Friday, September 26th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $176.96, for a total transaction of $13,272,000.00.
• On Wednesday, September 24th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $177.60, for a total transaction 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 transaction 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 transaction 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 transaction of $12,772,500.00.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $183.16 on Friday. The stock has a market cap of $4.45 trillion, a price-to-earnings ratio of 52.18, a PEG ratio of 1.32 and a beta of 2.12. The firm’s 50-day moving average is $179.16 and its 200 day moving average is $150.75. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA’s revenue was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s payout ratio is presently 1.14%.

Institutional Trading of NVIDIA

Hedge funds have recently bought and sold shares of the stock. Harbor Asset Planning Inc. purchased a new position in shares of NVIDIA during the 2nd quarter valued at about $28,000. Winnow Wealth LLC purchased a new position in shares of NVIDIA during the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC lifted its position in shares of NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in shares of NVIDIA during the 2nd quarter valued at about $40,000. Finally, Kathleen S. Wright Associates Inc. lifted its position in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NVDA. Bank of America boosted their target price on NVIDIA from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. The Goldman Sachs Group set a $210.00 target price on NVIDIA and gave the stock a “buy” rating in a research report on Monday, October 6th. Morgan Stanley boosted their target price on NVIDIA from $206.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Citigroup reissued a “buy” rating and set a $210.00 price target (up from $200.00) on shares of NVIDIA in a report on Tuesday, September 30th. Finally, Phillip Securities raised NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.84.

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.