NVIDIA Corporation (NASDAQ:NVDA – Get Free Report) CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $186.61, for a total value of $13,995,750.00. Following the completion of the transaction, the chief executive officer owned 71,083,203 shares in the company, valued at approximately $13,264,836,511.83. The trade was a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
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 stock was sold at an average price of $182.34, for a total value of $13,675,500.00.
- On Friday, September 26th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The shares were sold at an average price of $176.96, for a total value of $13,272,000.00.
- On Wednesday, September 24th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was 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 stock was 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 transaction of $13,231,500.00.
- On Wednesday, September 17th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $170.30, for a total transaction 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 transaction 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 transaction of $13,329,000.00.
- On Wednesday, September 10th, Jen Hsun Huang sold 75,000 shares of NVIDIA stock. The stock was sold at an average price of $177.57, for a total transaction 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 transaction of $12,728,250.00.
NVIDIA Price Performance
NVIDIA stock opened at $187.62 on Friday. The firm has a market capitalization of $4.56 trillion, a P/E ratio of 53.45, a PEG ratio of 1.36 and a beta of 2.12. NVIDIA Corporation has a one year low of $86.62 and a one year high of $191.05. 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 business has a fifty day moving average price of $178.11 and a 200-day moving average price of $148.36.
NVIDIA Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is currently 1.14%.
Hedge Funds Weigh In On NVIDIA
A number of hedge funds have recently modified their holdings of the company. Harbor Asset Planning Inc. purchased a new stake in NVIDIA in the 2nd quarter worth approximately $28,000. Winnow Wealth LLC purchased a new stake in NVIDIA in the second quarter worth $32,000. Longfellow Investment Management Co. LLC boosted its holdings in 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 acquiring an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in NVIDIA during the 2nd quarter valued at $40,000. Finally, Kathleen S. Wright Associates Inc. increased its position in NVIDIA by 169.3% during the 1st 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. Hedge funds and other institutional investors own 65.27% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Evercore ISI increased their target price on shares of NVIDIA from $214.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. Rosenblatt Securities reissued a “buy” rating and set a $215.00 price objective on shares of NVIDIA in a research note on Tuesday, September 23rd. The Goldman Sachs Group restated a “buy” rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, August 27th. Phillip Securities upgraded NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 14th. Finally, Citigroup reissued a “buy” rating and set a $210.00 price objective (up previously from $200.00) on shares of NVIDIA in a report on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $211.00.
View Our Latest Analysis on NVIDIA
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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