Jen Hsun Huang Sells 41,666 Shares of Nvidia Corp. (NVDA) Stock
Nvidia Corp. (NASDAQ:NVDA) insider Jen Hsun Huang sold 41,666 shares of the stock in a transaction on Wednesday, October 12th. The shares were sold at an average price of $66.42, for a total value of $2,767,455.72. Following the sale, the insider now owns 1,751,872 shares in the company, valued at approximately $116,359,338.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Jen Hsun Huang also recently made the following trade(s):
- On Tuesday, September 6th, Jen Hsun Huang sold 43,727 shares of Nvidia Corp. stock. The shares were sold at an average price of $62.81, for a total value of $2,746,492.87.
- On Wednesday, August 10th, Jen Hsun Huang sold 40,000 shares of Nvidia Corp. stock. The shares were sold at an average price of $58.66, for a total value of $2,346,400.00.
Nvidia Corp. (NASDAQ:NVDA) opened at 65.35 on Friday. The company has a 50 day moving average of $64.22 and a 200 day moving average of $50.82. The stock has a market capitalization of $34.96 billion, a P/E ratio of 42.94 and a beta of 1.25. Nvidia Corp. has a 52 week low of $24.75 and a 52 week high of $69.70.
Nvidia Corp. (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.16. The company earned $1.43 billion during the quarter, compared to the consensus estimate of $1.35 billion. Nvidia Corp. had a return on equity of 20.86% and a net margin of 16.58%. The firm’s revenue was up 23.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS. Equities analysts expect that Nvidia Corp. will post $1.85 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 25th were paid a dividend of $0.115 per share. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.70%. Nvidia Corp.’s dividend payout ratio (DPR) is presently 30.26%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. West Oak Capital LLC increased its position in shares of Nvidia Corp. by 183.6% in the third quarter. West Oak Capital LLC now owns 1,560 shares of the computer hardware maker’s stock worth $107,000 after buying an additional 1,010 shares during the period. Brick & Kyle Associates increased its position in Nvidia Corp. by 25.1% in the second quarter. Brick & Kyle Associates now owns 2,502 shares of the computer hardware maker’s stock valued at $118,000 after buying an additional 502 shares during the last quarter. CenturyLink Investment Management Co acquired a new position in Nvidia Corp. during the third quarter valued at $183,000. Thompson Rubinstein Investment Management Inc. OR acquired a new position in Nvidia Corp. during the third quarter valued at $206,000. Finally, Compagnie Lombard Odier SCmA increased its position in Nvidia Corp. by 72.6% in the second quarter. Compagnie Lombard Odier SCmA now owns 3,365 shares of the computer hardware maker’s stock valued at $159,000 after buying an additional 1,415 shares during the last quarter. Institutional investors own 86.37% of the company’s stock.
Several equities research analysts have recently issued reports on the company. Jefferies Group raised their price objective on Nvidia Corp. from $56.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, August 8th. RBC Capital Markets restated an “outperform” rating and set a $72.00 price objective on shares of Nvidia Corp. in a report on Wednesday, August 31st. B. Riley restated a “buy” rating and set a $58.00 price objective on shares of Nvidia Corp. in a report on Monday, July 11th. Goldman Sachs Group Inc. raised their price objective on Nvidia Corp. to $70.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Finally, BMO Capital Markets restated a “hold” rating and set a $59.00 price objective on shares of Nvidia Corp. in a report on Friday, August 12th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $58.59.
About Nvidia Corp.
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
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