NVIDIA Corporation (NASDAQ:NVDA – Get Free Report) CEO Jen Hsun Huang sold 25,000 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $190.73, for a total value of $4,768,250.00. Following the transaction, the chief executive officer owned 69,783,203 shares in the company, valued at $13,309,750,308.19. This represents a 0.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Jen Hsun Huang also recently made the following trade(s):
- On Friday, October 24th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $185.35, for a total value of $13,901,250.00.
- On Wednesday, October 22nd, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $179.91, for a total value of $13,493,250.00.
- On Monday, October 20th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $183.38, for a total value of $13,753,500.00.
- On Friday, October 17th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $182.31, for a total value of $13,673,250.00.
- On Wednesday, October 15th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $181.01, for a total value of $13,575,750.00.
- On Monday, October 13th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $188.25, for a total value of $14,118,750.00.
- On Friday, October 10th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $190.20, for a total value of $14,265,000.00.
- 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 value 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 value 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 value of $14,130,000.00.
NVIDIA Stock Performance
NASDAQ NVDA opened at $201.03 on Wednesday. The company has a market cap of $4.89 trillion, a PE ratio of 57.27, a price-to-earnings-growth ratio of 1.38 and a beta of 2.12. The stock’s 50 day simple moving average is $180.16 and its 200-day simple moving average is $157.72. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $203.15. 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 Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is 1.14%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on NVDA. Wedbush restated an “outperform” rating and issued a $210.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Daiwa Capital Markets increased their price target on NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Hsbc Global Res raised NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Craig Hallum increased their price target on NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Finally, Benchmark increased 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. Five research analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Buy” and a consensus price target of $222.23.
View Our Latest Research Report on NVIDIA
Institutional Investors Weigh In On NVIDIA
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. Brighton Jones LLC increased its stake in NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after acquiring an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in NVIDIA by 1.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock worth $315,100,000 after acquiring an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE increased its stake in NVIDIA by 6.7% during the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock worth $7,842,000 after acquiring an additional 3,653 shares during the last quarter. Hudson Value Partners LLC increased its stake in NVIDIA by 30.7% during the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after acquiring an additional 11,900 shares during the last quarter. Finally, Wealth Group Ltd. increased its stake in NVIDIA by 15.7% during the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock worth $715,000 after acquiring an additional 896 shares during the last quarter. Institutional investors and hedge funds 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.
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