Dawn Hudson, Nvidia director, sells $15.3 million in NVDA stock

Nvidia (NASDAQ:NVDA) Director Dawn E. Hudson sold 90,000 shares of company stock on September 2nd and 3rd, in a series of transactions valued at $15.3 million. The sale comes as the semiconductor giant, now valued at $4.16 trillion, has seen its stock surge 47% over the past six months. According to InvestingPro data, NVDA maintains a "GREAT" financial health score, suggesting strong fundamental performance.

According to a Form 4 filing with the Securities and Exchange Commission, the sales were executed at prices ranging from $170.6259 to $172.0 per share. On September 2, Hudson sold 72,000 shares at a weighted average price of $170.6259, for a total value of $12,285,064. The shares were sold in multiple transactions within a price range of $170.250 to $171.000. On September 3, Hudson sold an additional 18,000 shares at $172.0, totaling $3,096,000.

Following these transactions, Hudson directly owns 368,887 shares of Nvidia.

In other recent news, Nvidia reported revenue of $46.7 billion, surpassing its original guidance by $1.7 billion and beating consensus estimates by $700 million. This achievement comes despite export restrictions on its H20 GPUs in the Chinese market, which had an estimated $4 billion impact in the quarter. Nvidia’s venture capital arm is investing in the quantum computing company Quantinuum, valuing the firm at $10 billion. The investment is part of a $600 million funding round expected to be announced soon.

Analysts from JPMorgan have reiterated an Overweight rating with a $215 price target, citing strong demand for Nvidia’s data center products. Craig-Hallum raised its price target for Nvidia to $245 from $195, maintaining a Buy rating due to robust AI demand trends. Benchmark also increased its price target to $220 from $190, holding a Buy rating after Nvidia’s latest quarterly results. UBS maintained its Buy rating with a $205 price target, despite mixed quarterly results and guidance that slightly missed some expectations. These developments highlight ongoing interest and investment in Nvidia’s growth and technology advancements.

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