Nine directors at Nvidia Corp. received annual equity awards valued at $237,041 each on June 25, according to filings with the U.S. Securities and Exchange Commission. The grants come as the AI chipmaker’s stock has risen 23.41% over the past year.

The Form 4 filings disclosed that Brooke Seawell, Harvey C. Jones, Tench Coxe, Melissa Lora, Dawn Hudson, Aarti Shah, Stephen Neal, Mark Stevens and John Dabiri each received 1,211 restricted stock units (RSUs). Based on Nvidia’s closing price of $195.74 on the grant date, the value of each award totaled approximately $237,041.

Vesting and Ownership Details

The RSUs are subject to a vesting schedule where 50% will vest on Nov. 18, 2026, and the remaining 50% on May 19, 2027. The filings state that the awards are granted for no consideration in connection with service on the Board of Directors. If a director dies while serving, the awards become fully vested immediately.

The filings also highlight significant existing holdings by several directors. Stevens reported owning more than 11.5 million shares directly, while Coxe disclosed holdings exceeding 30 million shares through trusts and a profit-sharing plan. Jones and Seawell also reported substantial trust-held positions. Lora disclosed a transfer of 1,799 shares to a family trust for estate planning purposes.

Analyst Expectations and Price Targets

Attention now turns to Nvidia’s estimated earnings report on Aug. 26. Wall Street projects earnings of $2.07 per share, up from $1.04 in the same quarter last year. Revenue is expected to climb to $91.70 billion from $46.74 billion year-over-year.

The average of the three most recent analyst updates from China Renaissance, Needham and DA Davidson implies an upside of approximately 51.85% from current levels. Nvidia shares closed Monday at $194.97, up 1.27%, and edged up 0.09% to $195.14 in after-hours trading.

Nvidia stock has pulled back from its May peak and is gradually approaching bear market territory. The shares have fallen nearly 20% from their year-to-date high, erasing billions of dollars from Jensen Huang’s fortune and inflicting losses on investors. Forbes and Bloomberg estimate that Jensen Huang’s net worth has increased by $5.2 billion this year to $160 billion, making him the world’s ninth-richest person. He ranks behind Tesla’s Elon Musk, Google co-founders Larry Page and Sergey Brin, Amazon’s Jeff Bezos, Dell’s Michael Dell, Oracle’s Larry Ellison, and LVMH’s Bernard Arnault.

Jensen Huang’s Net Worth is Falling as Nvidia Stock Retreats

Huang’s wealth has tumbled from nearly $200 billion earlier this year, mirroring the performance of Nvidia, the company he started in 1993. Its stock has dropped from a record high of $236 to the current $196, with its valuation falling from $5.72 trillion to $4.6 trillion today. He owns a 3% stake in the company.

Analysts are Optimistic About Nvidia’s Shares

Despite the ongoing retreat, analysts are still highly optimistic about the company, which has become the poster child of the artificial intelligence supercycle. Data compiled by Benzinga Pro shows that the average estimate among analysts tracking the company is that its shares will jump to $309, up by 62% from the current level. Some analysts are more optimistic than that, with Baird’s Tristan Gerra estimating that it will jump to $500. Some of the other highly bullish analysts are from companies like Benchmark, Tigress, and DA Davidson.

The general view among analysts is that Nvidia is a growth company that is trading as a value stock. For one, its revenue and margin growth have surged in the past few months as demand for its solutions has soared. In its recent earnings report, the management predicted that it would make over $90 billion in the current quarter. Despite this growth, Nvidia trades with a forward price-to-earnings multiple of 22, slightly lower than the S&P 500 average of 23. Its price-to-earnings-to-growth ratio has also dropped to 0.048, lower than the 5-year average of 1.47.

Most importantly, the company has some notable catalysts ahead. For example, it recently launched its CPUs, a move meant to take advantage of the AI agent boom. It will also start selling its H200 chips to a select group of Chinese companies, including popular names like Alibaba and Tencent.