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Nvidia Corp (NASDAQ:NVDA) President and CEO Huang Jen Hsun sold 205,618 shares of common stock between July 8 and July 10, according to a recent Form 4 filing. The sales, executed under a pre-arranged 10b5-1 trading plan, totaled approximately $36.4 million. The timing is notable as NVDA trades near its 52-week high of $164.50, having delivered a remarkable 21.7% return over the past year. InvestingPro analysis indicates the stock is currently trading above its Fair Value.
The transactions occurred at prices ranging from $159.0669 to $164.2916. On July 8, Huang sold 41,182 shares at an average price of $159.0669 and 33,818 shares at an average price of $159.7173. On July 9, he sold 1,302 shares at an average price of $161.6309, 49,324 shares at an average price of $162.9137, 24,031 shares at an average price of $163.5914 and 343 shares at an average price of $164.2916. On July 10, Huang sold 18,386 shares at an average price of $162.3414, 29,285 shares at an average price of $163.1494 and 27,329 shares at an average price of $163.9923.
Following these transactions, Huang directly owns 74,798,225 shares of Nvidia common stock. He also indirectly owns shares through various trusts, partnerships and limited liability companies. The stake remains significant in a company that boasts a market capitalization of over $4 trillion and maintains excellent financial health with a current ratio of 3.39. For deeper insights into NVDA’s valuation and 20+ additional ProTips, visit InvestingPro. These include 582,503,470 shares held by the Jen-Hsun & Lori Huang Living Trust, 49,489,560 shares held by J. and L. Huang Investments, L.P., 22,280,000 shares held by The Huang 2012 Irrevocable Trust, 50,078,000 shares held by The Huang Irrevocable Remainder Trust, 29,512,185 shares held by The Lori Lynn Huang 2016 Annuity Trust II Agreement, 29,512,185 shares held by The Jen-Hsun Huang 2016 Annuity Trust II Agreement, 10,000,000 shares held by TARG S LLC, and 10,000,000 shares held by TARG M LLC.
In other recent news, Nvidia has been a focal point of activity with multiple developments. Mizuho (NYSE:MFG) suggests that Nvidia could benefit from increased revenue in China, as CEO Jensen Huang plans to meet with Chinese officials while developing a new AI GPU chip to meet U.S. export controls. Meanwhile, Goldman Sachs initiated coverage on Nvidia with a Buy rating and a price target of $185.00, citing the company’s leadership in accelerated computing and its strong product pipeline. In a separate development, Evercore ISI reiterated an Outperform rating for Vertiv Holdings (NYSE:VRT), highlighting its role in AWS’s new liquid cooling solution. Evercore believes Vertiv remains a significant partner for AWS, providing essential components for their cooling systems. Huawei is also in the spotlight, seeking to export its AI chips to the Middle East and Southeast Asia, although no deals have been finalized. The company is offering its older-generation Ascend 910B AI chips to potential customers in these regions. Lastly, President Donald Trump has called for the Federal Reserve to lower interest rates, pointing to record highs in technology stocks, including Nvidia, as evidence of economic strength.
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