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NVIDIA Corp (NASDAQ:NVDA), the semiconductor giant with a market capitalization of $4.42 trillion and an excellent InvestingPro financial health score, saw its President and CEO Huang Jen Hsun sell 201,404 shares of common stock on August 11th, 12th and 13th, according to a Form 4 filing with the Securities and Exchange Commission. The sales, executed under a prearranged 10b5-1 trading plan, fetched prices ranging from $180.026 to $183.6417, resulting in total proceeds of $40,959,534. These transactions occurred as NVIDIA’s stock trades near its 52-week high of $184.48, following an impressive 86% revenue growth in the last twelve months.
The transactions on August 11 involved the sale of 3,995 shares at an average price of $180.9738, 12,903 shares at $181.9676, 46,436 shares at $182.9039 and 11,666 shares at $183.5221. On August 12, Huang sold 3,952 shares at $180.0479, 16,093 shares at $181.0148, 29,095 shares at $182.0983 and 25,860 shares at $182.8204. The sales concluded on August 13 with the disposal of 14,148 shares at $180.026, 26,758 shares at $180.9741, 20,553 shares at $181.6989, 9,958 shares at $182.9541 and 3,583 shares at $183.6417.
Following these transactions, Huang directly owns 72,998,225 shares of NVIDIA common stock. He also indirectly owns significant stakes through various trusts, partnerships and limited liability companies. 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., and other holdings through irrevocable trusts and limited liability companies.
In other recent news, Nvidia has reported several significant developments. The company is set to pay 15% of its Chinese H20 chip sales to the U.S. government as part of a deal to secure export licenses, confirmed by President Trump. This agreement was negotiated by Nvidia CEO Jensen Huang, reducing the initial request of 20%. On the financial front, Mizuho has raised its price target for Nvidia to $205, citing strong AI server growth, while Piper Sandler increased its target to $225, highlighting potential growth in China. Both firms maintain positive ratings on Nvidia’s stock, with Mizuho noting strong revenue data from Taiwan ODMs and Piper Sandler expecting favorable quarterly results. Additionally, Nvidia announced new AI tools to enhance robotics development, introducing Omniverse libraries and Cosmos world foundation models at the SIGGRAPH conference. These tools aim to assist developers in creating digital twins and building AI agents with a deeper understanding of the physical world. In a related development, U.S. Treasury Secretary Scott Bessent suggested that a revenue-sharing agreement with China could extend to other sectors, building on the current semiconductor chip deal.
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