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Nvidia CEO Jen-Hsun Huang sells shares worth over $27 million

Published 07/30/2024, 06:14 AM
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Nvidia Corp (NASDAQ:NVDA) President and CEO Jen-Hsun Huang has recently sold a significant portion of his holdings in the company's stock, according to a Form 4 filing with the Securities and Exchange Commission. The transactions, which took place on July 25 and 26, involved the sale of Nvidia shares for a total value exceeding $27 million.

The series of transactions were executed at varying price points, with the lowest price per share recorded at $106.7889 and the highest at $116.2227. This range of prices reflects the weighted average sales price of the shares sold, with the exact number of shares sold at each price available upon request to the SEC or the issuer.

The sales were conducted under a pre-arranged 10b5-1 trading plan, which allows company insiders to sell their shares at predetermined times to avoid any accusations of insider trading. Such plans are typically set up when the insider does not have material non-public information and are often used to diversify an individual's investment portfolio.

Jen-Hsun Huang, who has been at the helm of Nvidia since its early days, still retains a substantial amount of Nvidia stock after these transactions. The Form 4 filing indicates that following the sales, Huang has direct ownership of millions of shares in the company. In addition to his direct holdings, Huang holds indirect ownership through various trusts and partnerships.

Investors often monitor insider transactions as they can provide insights into the leadership's view of the company's stock value. However, it is important to note that such sales do not always indicate a lack of confidence in the company by the executives and can be part of normal portfolio management activities.

Nvidia, a leading technology company known for its graphics processing units (GPUs), has been at the forefront of the semiconductor industry, driving innovation in gaming, professional visualization, data centers, and more.

The company has not made any official statement regarding the transactions, and it remains business as usual for the Santa Clara-based semiconductor giant. As always, investors are advised to look at the broader picture, including company performance and market trends, when making investment decisions.

In other recent news, NVIDIA has launched new tools aimed at advancing humanoid robotics, including NVIDIA NIM microservices and NVIDIA OSMO cloud orchestration service. These developments are anticipated to significantly cut development cycle times and streamline deployment processes. NVIDIA's new offerings also include computing platforms to support the development of humanoid robots. The company has also made significant advancements in Universal Scene Description (OpenUSD), aimed at expanding its use to sectors such as robotics, industrial design, and engineering.

In recent economic developments, Taiwan's second-quarter economic growth was bolstered by a surge in artificial intelligence (AI) technology exports. The island's gross domestic product (GDP) likely grew by 4.8% compared to the same period last year, with a significant contribution from AI-related products. In contrast, China's industrial firms reported a 3.6% increase in profits for June, indicating a significant acceleration from the 0.7% rise seen in May.

As for analyst notes, NVIDIA, a key player in the AI technology sector, has received support from companies such as Fourier and Boston Dynamics. These companies have expressed appreciation for NVIDIA's initiatives, citing the benefits of simulation technology and the early-access program in accelerating model development and industry advancement. However, investors are cautioned to keep an eye on the broader economic conditions, especially in markets like China, where economic recovery efforts have been slowed due to a broader economic downturn.

InvestingPro Insights

As Nvidia's CEO Jen-Hsun Huang sells a portion of his stock, it's important for investors to consider the broader financial health and market trends surrounding Nvidia Corp (NASDAQ:NVDA). According to InvestingPro data, Nvidia boasts a substantial market capitalization of $2.75 trillion USD, reflecting its significant presence in the semiconductor industry. The company's P/E ratio, a metric often used to gauge a stock's valuation, stands at 64.66, indicating a high earnings multiple which echoes the InvestingPro Tip that Nvidia is trading at a high earnings multiple.

Moreover, Nvidia has demonstrated impressive revenue growth, with the last twelve months as of Q1 2025 showing an increase of 208.27%. This aligns with the InvestingPro Tip that analysts anticipate sales growth in the current year for Nvidia. Despite recent volatility, with a 1-week price total return of -8.48%, Nvidia's stock has seen a strong return over the last six months, with an 81.02% increase, highlighting the company's ability to maintain upward momentum in the market.

For investors seeking more in-depth analysis, there are additional InvestingPro Tips available, including insights on Nvidia's liquidity, debt levels, and dividend consistency. To explore these further, visit InvestingPro and consider using the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription. With a total of 21 InvestingPro Tips listed for Nvidia, investors can gain a comprehensive understanding of the company's financials and market position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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