Nvidia CEO offloads shares, remains largest individual shareholder

EditorRachael Rajan
Published 15/09/2023, 16:20

Nvidia (NASDAQ:NVDA) CEO Jensen Huang has sold a portion of his shares in the company, netting a total of $26.9 million over two days in September, according to filings with the Securities and Exchange Commission (SEC). This follows an earlier sale this month when Huang sold approximately $42 million worth of stock after exercising options. Despite these sales, Huang's total share ownership did not decrease since the shares were acquired through options granted as part of his executive compensation plan.

As of today, Nvidia's share price has dipped more than 3% since its Q2 earnings release, despite the company's strong performance and an outstanding second-quarter report that surpassed Wall Street expectations. The report revealed record-breaking sales and earnings beats for Nvidia. While analysts had predicted earnings per share of $2.09 on sales of $11.22 billion, Nvidia outperformed these estimates with per-share earnings of $2.70 on sales of $13.51 billion.

The company also projected revenue of around $16 billion for the current quarter, significantly higher than the average analyst estimate of $12.61 billion. However, Nvidia’s stock performance could be affected by various macroeconomic factors, including concerns about inflation and interest rates, the possibility of a looming recession, and rising bond yields. Additionally, ongoing tensions between the U.S. and China could also influence the company's share price.

Despite these recent sales, Huang remains the largest individual shareholder in Nvidia (NASDAQ:NVDA). As of April 3, Huang owned 86,878,193 shares of Nvidia stock, equating to a 3.5% ownership stake in the company. This places him ahead of investment firms Vanguard, BlackRock (NYSE:BLK), and Fidelity Investments which hold 8.3%, 7.3%, and 5.6% respectively.

While Huang's recent stock sales may raise eyebrows, they represent a minuscule portion of his total holdings in Nvidia. Despite these sales, Huang remains heavily invested in Nvidia, suggesting confidence in the company's future prospects.

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.