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Jen Hsun Huang Sells 440,000 Shares of NVIDIA Co. (NASDAQ:NVDA) Stock

NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang sold 440,000 shares of the stock in a transaction that occurred on Monday, January 3rd. The shares were sold at an average price of $302.17, for a total value of $132,954,800.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Wednesday, December 1st, Jen Hsun Huang sold 440,000 shares of NVIDIA stock. The shares were sold at an average price of $326.16, for a total value of $143,510,400.00.

NVDA traded down $16.86 on Wednesday, reaching $276.04. 49,644,333 shares of the stock were exchanged, compared to its average volume of 47,168,566. The company's 50-day moving average price is $298.66 and its 200 day moving average price is $240.11. NVIDIA Co. has a fifty-two week low of $115.67 and a fifty-two week high of $346.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 7.14 and a quick ratio of 6.53. The firm has a market capitalization of $690.10 billion, a PE ratio of 85.07, a PEG ratio of 4.24 and a beta of 1.32.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 17th. The computer hardware maker reported $1.17 EPS for the quarter, topping the Zacks' consensus estimate of $1.11 by $0.06. NVIDIA had a return on equity of 41.79% and a net margin of 33.81%. The company had revenue of $7.10 billion during the quarter, compared to analysts' expectations of $6.83 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. As a group, equities analysts forecast that NVIDIA Co. will post 3.62 earnings per share for the current fiscal year.


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The company also recently declared a quarterly dividend, which was paid on Thursday, December 23rd. Shareholders of record on Thursday, December 2nd were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, December 1st. This represents a $0.16 dividend on an annualized basis and a yield of 0.06%. NVIDIA's dividend payout ratio is currently 4.93%.

Several research firms have recently issued reports on NVDA. Benchmark raised their price objective on NVIDIA from $230.00 to $365.00 and gave the company a "buy" rating in a research note on Thursday, November 18th. Deutsche Bank Aktiengesellschaft raised their price objective on NVIDIA from $185.00 to $285.00 and gave the company a "hold" rating in a research note on Thursday, November 18th. KeyCorp raised their price objective on NVIDIA from $260.00 to $350.00 and gave the company an "overweight" rating in a research note on Thursday, November 18th. Susquehanna Bancshares raised their price objective on NVIDIA from $250.00 to $360.00 and gave the company a "positive" rating in a research note on Thursday, November 11th. Finally, Bank of America raised their price objective on NVIDIA from $340.00 to $375.00 and gave the company a "buy" rating in a research note on Thursday, November 18th. Three equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $329.07.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clifford Swan Investment Counsel LLC raised its stake in shares of NVIDIA by 0.7% during the 3rd quarter. Clifford Swan Investment Counsel LLC now owns 6,062 shares of the computer hardware maker's stock valued at $1,566,000 after buying an additional 40 shares during the last quarter. Warren Averett Asset Management LLC boosted its holdings in shares of NVIDIA by 0.7% during the 3rd quarter. Warren Averett Asset Management LLC now owns 5,997 shares of the computer hardware maker's stock worth $1,822,000 after purchasing an additional 44 shares during the last quarter. UMA Financial Services Inc. boosted its holdings in shares of NVIDIA by 1.7% during the 3rd quarter. UMA Financial Services Inc. now owns 2,912 shares of the computer hardware maker's stock worth $637,000 after purchasing an additional 48 shares during the last quarter. West Branch Capital LLC boosted its holdings in shares of NVIDIA by 0.4% during the 2nd quarter. West Branch Capital LLC now owns 12,235 shares of the computer hardware maker's stock worth $9,789,000 after purchasing an additional 54 shares during the last quarter. Finally, Vectors Research Management LLC boosted its holdings in shares of NVIDIA by 0.7% during the 2nd quarter. Vectors Research Management LLC now owns 7,393 shares of the computer hardware maker's stock worth $5,916,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 19.24% of the company's stock.

About NVIDIA

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment comprises of product brands, which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Insider Buying and Selling by Quarter for NVIDIA (NASDAQ:NVDA)

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