Representative Robert Bresnahan, Jr. Sells NVIDIA Shares
Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently executed a sale of shares in NVIDIA Co. (NASDAQ: NVDA). According to a filing made public on March 27th, the representative reported selling between $1,001 and $15,000 worth of NVIDIA stock on February 25th. This transaction took place through the representative's JP Morgan brokerage account.
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In addition to the NVIDIA sale, Representative Bresnahan, Jr. has made several other trades, including:
- Purchased shares of Intuit (NASDAQ: INTU) valued between $1,001 - $15,000 on March 7, 2025.
- Sold shares of Tesla (NASDAQ: TSLA) valued between $1,001 - $15,000 on March 6, 2025.
- Purchased shares of SEA (NYSE: SE) valued between $1,001 - $15,000 on March 5, 2025.
- Sold shares of Credo Technology Group (NASDAQ: CRDO) valued between $1,001 - $15,000 on March 4, 2025.
- Purchased shares of Meta Platforms (NASDAQ: META) valued between $1,001 - $15,000 on March 4, 2025.
- Purchased shares of Twilio (NYSE: TWLO) valued between $1,001 - $15,000 on March 4, 2025.
- Sold shares of Alibaba Group (NYSE: BABA) valued between $15,001 - $50,000 on March 4, 2025.
- Purchased shares of Zoom Video Communications (NASDAQ: ZM) valued between $1,001 - $15,000 on March 4, 2025.
- Purchased shares of Intel (NASDAQ: INTC) valued between $1,001 - $15,000 on March 3, 2025.
- Purchased shares of Snowflake (NYSE: SNOW) valued between $1,001 - $15,000 on March 3, 2025.
NVIDIA Shares Performance
As of the latest trading day, NVIDIA shares were down by 1.6% and opened at $109.67. The company has a market capitalization of $2.68 trillion, a price-to-earnings (P/E) ratio of 43.16, and a price-to-earnings-growth (PEG) ratio of 1.76. Over the past twelve months, the stock has seen a low of $75.61 and a high of $195.95. The current 50-day moving average price stands at $125.01, while the 200-day moving average price is at $131.34. Financial metrics indicate a quick ratio of 3.64 and a current ratio of 4.10, along with a low debt-to-equity ratio of 0.13.
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NVIDIA announced its latest earnings results on February 26th, reporting earnings per share (EPS) at $0.89, exceeding the expected figure of $0.84 by $0.05. The company generated revenue of $39.33 billion for the quarter, surpassing the analysts' forecast of $38.16 billion. NVIDIA also reported a robust net margin of 55.69% and an impressive return on equity of 114.83%. Analysts project that NVIDIA will achieve an EPS of 2.77 for the current fiscal year.
NVIDIA's Quarterly Dividend Announcement
NVIDIA recently declared a quarterly dividend that is scheduled for payment on April 2nd. Shareholders who were on record as of March 12th will receive a dividend of $0.01 per share, translating into an annualized dividend of $0.04 and a yield of 0.04%. The ex-dividend date was also March 12th, and the company's payout ratio stands at 1.36%.
Stock Ratings from Analysts
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A number of equity analysts have shared their insights regarding NVIDIA shares. Wedbush reaffirmed an "outperform" rating, setting a price target of $175.00 in a report dated February 20th. HSBC adjusted their price target from $195.00 to $185.00 while maintaining a "buy" rating. Needham & Company reiterated a "buy" rating with a target of $160.00, and Susquehanna maintained a "positive" outlook with a price target of $180.00. Mizuho has also recently lowered its price target to $168.00 while keeping an "outperform" rating. Currently, four analysts rate NVIDIA stock as a hold, thirty-seven analysts recommend a buy, and two analysts have given a strong buy rating, according to data from MarketBeat.com. The average consensus rating stands at "Moderate Buy" with a price target of approximately $171.51.
View Our Latest Stock Analysis on NVIDIA
Insider Transactions at NVIDIA
In other NVIDIA developments, Executive Vice President Ajay K. Puri sold 36,462 shares on January 6th, resulting in a total sale of approximately $5.51 million at an average price of $151.10. He now holds around 3.9 million shares valued at roughly $589.73 million. CFO Colette Kress also divested 66,660 shares on March 21st at an average price of $116.83, coming to a total value of about $7.79 million. After this sale, she owns around 3.09 million shares worth approximately $360.51 million. In total, NVIDIA insiders sold about 183,609 shares valued at $22.64 million in the most recent quarter, representing 4.23% of the stock being held by insiders.
Institutional Investors’ Positioning in NVIDIA
Several hedge funds have recently adjusted their holdings in NVIDIA. Tacita Capital Inc. bought a new stake in the company valued at around $28,000 during the fourth quarter. Legend Financial Advisors Inc. acquired approximately $34,000 worth of NVIDIA shares in the same quarter. Vision Financial Markets LLC made a new investment of around $38,000, and Luken Investment Analytics LLC invested about $40,000. Additionally, DHJJ Financial Advisors Ltd. increased their stake by 70.0% in the third quarter, now owning 340 shares valued around $41,000. Currently, institutional investors own about 65.27% of NVIDIA's stock.
About Representative Robert Bresnahan Jr.
Rob Bresnahan Jr. represents Pennsylvania's 8th Congressional District and has served in the U.S. House since January 3, 2025. His current term expires on January 3, 2027, and he is running for re-election. Bresnahan, a member of the Republican Party, grew up in Kingston, Pennsylvania, and holds a Bachelor of Science in business administration from the University of Scranton, obtained in 2012. He has experience as the CEO and chief financial officer of a family-run electrical contracting business.
About NVIDIA Corporation
NVIDIA Corporation is recognized for providing high-performance graphics and computing solutions worldwide, including in the United States, Taiwan, China, and Hong Kong. Key offerings include GeForce GPUs for gaming and desktop computers, the GeForce NOW game streaming service, and enterprise solutions through Quadro/NVIDIA RTX GPUs. The company also delivers automotive platforms for infotainment systems and Omniverse software to support metaverse applications.
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This report is generated using advanced technology and financial data for accurate and prompt reporting.
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