NVIDIA (NASDAQ:NVDA) Trading Down 89.8% After Insider Selling

Shares of NVIDIA Corporation (NASDAQ:NVDA) fell 89.8% during trading on Monday after an insider sold shares in the company. The company traded as low as $180.32 and last traded at $181.85. 192,022,403 shares were traded during trading, a decline of 18% from the average session volume of 233,170,234 shares. The stock had previously closed at $1,781.90.

Specifically, CEO Jen Hsun Huang sold 75,000 shares of the business’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 value of $13,675,500.00. Following the sale, the chief executive officer directly owned 71,233,203 shares of the company’s stock, valued at $12,988,662,235.02. The trade was a 0.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $176.96, for a total value of $13,272,000.00. Following the completion of the sale, the chief executive officer directly owned 71,308,203 shares in the company, valued at approximately $12,618,699,602.88. This represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $177.60, for a total value of $13,320,000.00. Following the sale, the chief executive officer directly owned 71,383,203 shares of the company’s stock, valued at $12,677,656,852.80. The trade was a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $200.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Benchmark upped their price target on NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 28th. UBS Group reissued a “buy” rating on shares of NVIDIA in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. restated a “buy” rating and set a $215.00 target price on shares of NVIDIA in a research note on Friday, September 19th. Finally, Barclays reiterated an “overweight” rating and issued a $240.00 price target (up from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $210.21.

NVIDIA Price Performance

The firm has a market capitalization of $4.42 trillion, a PE ratio of 51.81, a PEG ratio of 1.29 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The firm has a 50-day simple moving average of $176.60 and a 200-day simple moving average of $146.20.

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

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.

Institutional Trading of NVIDIA

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

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.