Jen Hsun Huang Sells 50,000 Shares of NVIDIA Corporation (NASDAQ:NVDA) Stock

NVIDIA Corporation (NASDAQ:NVDA) CEO Jen Hsun Huang sold 50,000 shares of NVIDIA stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $143.81, for a total value of $7,190,500.00. Following the transaction, the chief executive officer now owns 75,673,225 shares in the company, valued at $10,882,566,487.25. This trade represents a 0.07% decrease in their position. 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 Friday, June 20th, Jen Hsun Huang sold 50,000 shares of NVIDIA stock. The shares were sold at an average price of $144.26, for a total value of $7,213,000.00.

NVIDIA Price Performance

Shares of NVDA traded up $0.32 during trading hours on Monday, hitting $144.17. 151,059,400 shares of the company were exchanged, compared to its average volume of 271,774,770. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $153.13. The company has a market cap of $3.52 trillion, a price-to-earnings ratio of 46.51, a P/E/G ratio of 1.27 and a beta of 2.12. The firm’s fifty day moving average is $126.37 and its 200 day moving average is $126.43.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.29%.

Hedge Funds Weigh In On NVIDIA

Several large investors have recently bought and sold shares of NVDA. Norges Bank bought a new position in NVIDIA in the fourth quarter valued at about $43,515,504,000. Nuveen LLC bought a new position in NVIDIA in the first quarter valued at about $15,089,414,000. Goldman Sachs Group Inc. raised its position in NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after purchasing an additional 103,889,872 shares during the last quarter. GAMMA Investing LLC raised its position in shares of NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock worth $5,293,039,000 after acquiring an additional 48,439,859 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. KeyCorp set a $190.00 price target on NVIDIA in a research report on Wednesday, March 19th. Barclays upped their price target on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 17th. Citigroup reaffirmed a “buy” rating and set a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. Susquehanna reaffirmed a “positive” rating and set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Arete Research raised NVIDIA to a “strong-buy” rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $173.05.

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.