Insider Selling: NVIDIA Co. (NASDAQ:NVDA) CEO Sells 120,000 Shares of Stock

NVIDIA Co. (NASDAQ:NVDA - Get Free Report) CEO Jen Hsun Huang sold 120,000 shares of the company's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $107.44, for a total transaction of $12,892,800.00. Following the completion of the transaction, the chief executive officer now owns 76,135,836 shares in the company, valued at $8,180,034,219.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 shares were 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 shares were 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 stock was sold at an average price of $117.24, for a total transaction of $14,068,800.00.
• On Monday, July 22nd, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $122.23, for a total transaction of $14,667,600.00.
• On Friday, July 19th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $119.06, for a total transaction of $14,287,200.00.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $4.38 during trading on Friday, hitting $102.83. 408,214,406 shares of the stock traded hands, compared to its average volume of 442,878,719. The company has a quick ratio of 3.14, a current ratio of 4.27 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.53 trillion, a price-to-earnings ratio of 60.47, a PEG ratio of 1.24 and a beta of 1.67. The firm's fifty day moving average is $119.03 and its 200-day moving average is $104.17. NVIDIA Co. has a 52 week low of $39.23 and a 52 week high of $140.76.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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. The firm had revenue of $30.04 billion for the quarter, compared to analyst estimates of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The company's revenue was up 122.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 EPS. Research analysts expect that NVIDIA Co. will post 2.6 EPS for the current fiscal year.

NVIDIA Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date is Thursday, September 12th. NVIDIA's dividend payout ratio is presently 2.34%.

NVIDIA announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in shares. This buyback authorization authorizes the computer hardware maker to purchase up to 1.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Institutional Investors Weigh In On NVIDIA

Several institutional investors have recently bought and sold shares of NVDA. Lowe Wealth Advisors LLC purchased a new stake in NVIDIA during the 2nd quarter valued at about $25,000. DHJJ Financial Advisors Ltd. boosted its holdings in NVIDIA by 1,900.0% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 200 shares of the computer hardware maker's stock valued at $25,000 after acquiring an additional 190 shares during the period. FPC Investment Advisory Inc. purchased a new stake in NVIDIA during the 1st quarter valued at about $26,000. CGC Financial Services LLC purchased a new stake in NVIDIA during the 2nd quarter valued at about $26,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new stake in NVIDIA in the 1st quarter worth approximately $27,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NVDA has been the subject of a number of research reports. The Goldman Sachs Group reissued a "buy" rating and issued a $135.00 target price on shares of NVIDIA in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $100.00 price objective on shares of NVIDIA in a research note on Monday, August 5th. Jefferies Financial Group upped their price objective on NVIDIA from $135.00 to $150.00 and gave the company a "buy" rating in a research note on Monday, June 24th. Evercore ISI increased their target price on shares of NVIDIA from $145.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, August 23rd. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, August 29th. Five analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $142.10.

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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