NVIDIA Corporation (NASDAQ:NVDA – Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $176.96, for a total value of $13,272,000.00. Following the completion of the transaction, the chief executive officer owned 71,308,203 shares of the company’s stock, valued at $12,618,699,602.88. The trade was a 0.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Jen Hsun Huang also recently made the following trade(s):
- 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 value of $13,675,500.00.
- 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 value of $13,320,000.00.
- On Monday, September 22nd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $176.57, for a total value of $13,242,750.00.
- On Friday, September 12th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $177.72, for a total value of $13,329,000.00.
- On Wednesday, September 10th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00.
- On Monday, September 8th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $169.71, for a total value of $12,728,250.00.
- On Thursday, September 4th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $170.68, for a total value of $12,801,000.00.
NVIDIA Stock Up 2.1%
Shares of NASDAQ NVDA traded up $3.66 during midday trading on Monday, hitting $181.85. 192,583,283 shares of the company’s stock were exchanged, compared to its average volume of 233,177,234. 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 Corporation has a twelve month low of $86.62 and a twelve month high of $184.55. The company has a market cap of $4.42 trillion, a PE ratio of 51.81, a P/E/G ratio of 1.29 and a beta of 2.10. The firm’s fifty day simple moving average is $176.60 and its 200-day simple moving average is $146.20.
NVIDIA Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is 1.14%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on NVDA shares. Evercore ISI raised their target price on NVIDIA from $214.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Wall Street Zen raised NVIDIA from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Benchmark raised their target price on NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. KeyCorp reaffirmed an “overweight” rating and set a $230.00 price target (up previously from $215.00) on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Robert W. Baird lifted their price target on NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Four 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $210.21.
Get Our Latest Stock Report on NVDA
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Harbor Asset Planning Inc. acquired a new position in shares of NVIDIA in the second quarter valued at approximately $28,000. Winnow Wealth LLC acquired a new position in shares of NVIDIA in the second quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC increased its holdings in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 67 shares during the period. Spurstone Advisory Services LLC acquired a new position in shares of NVIDIA in the second quarter valued at approximately $40,000. Finally, Kathleen S. Wright Associates Inc. increased its holdings in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.
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.
See Also
- Five stocks we like better than NVIDIA
- Bank Stocks – Best Bank Stocks to Invest In
- Cathie Wood Buys Alibaba and Baidu: Momentum or More Value Ahead?
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- This ETF Weeds Out Small-Cap Underperformers
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- 2 AI Stocks With Record Breaking Rallies: Can They Continue?
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.