Insider Selling: NVIDIA Co. (NASDAQ:NVDA) CEO Sells 120,000 Shares of Stock

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $135.87, for a total transaction of $16,304,400.00. Following the completion of the sale, the chief executive officer now owns 80,814,995 shares of the company’s stock, valued at approximately $10,980,333,370.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jen Hsun Huang also recently made the following trade(s):

• On Thursday, June 13th, Jen Hsun Huang sold 120,000 shares of NVIDIA stock. The stock was sold at an average price of $128.74, for a total transaction of $15,448,800.00.

NVIDIA Trading Down 3.2 %

Shares of NVDA stock opened at $126.57 on Monday. The firm’s 50 day moving average price is $102.25 and its two-hundred day moving average price is $81.04. NVIDIA Co. has a fifty-two week low of $39.23 and a fifty-two week high of $140.76. The company has a quick ratio of 3.14, a current ratio of 3.53 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.11 trillion, a price-to-earnings ratio of 74.02, a price-to-earnings-growth ratio of 1.38 and a beta of 1.70.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The business had revenue of $26.04 billion for the quarter, compared to analysts’ expectations of $24.59 billion. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The business’s revenue for the quarter was up 262.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share. On average, analysts anticipate that NVIDIA Co. will post 2.52 EPS for the current year.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 11th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, June 11th. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 annualized dividend and a yield of 0.32%. NVIDIA’s dividend payout ratio is currently 2.34%.

Institutional Trading of NVIDIA

Several institutional investors have recently added to or reduced their stakes in the stock. HM Payson & Co. raised its holdings in NVIDIA by 97.1% in the first quarter. HM Payson & Co. now owns 152,416 shares of the computer hardware maker’s stock valued at $137,717,000 after acquiring an additional 75,086 shares in the last quarter. Keynote Financial Services LLC bought a new stake in NVIDIA during the first quarter valued at $262,000. Jackson Wealth Management LLC bought a new stake in NVIDIA during the first quarter valued at $3,023,000. OMC Financial Services LTD bought a new stake in NVIDIA during the first quarter valued at $25,395,000. Finally, EverSource Wealth Advisors LLC increased its stake in NVIDIA by 14.4% during the first quarter. EverSource Wealth Advisors LLC now owns 14,189 shares of the computer hardware maker’s stock valued at $12,259,000 after purchasing an additional 1,785 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on NVDA shares. Wells Fargo & Company raised their price objective on shares of NVIDIA from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, June 18th. HSBC raised their price objective on shares of NVIDIA from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of NVIDIA from $85.00 to $100.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd. Truist Financial raised their price objective on shares of NVIDIA from $117.70 to $128.80 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Oppenheimer restated an “outperform” rating and set a $110.00 target price on shares of NVIDIA in a report on Thursday, May 23rd. Five equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average price target of $121.77.

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.