Nvidia Corp (NASDAQ:NVDA) has reported a recent transaction involving the sale of company shares by Principal Accounting Officer, Donald F. Robertson Jr. According to the latest filing, Robertson sold a total of 4,500 shares, resulting in over $520,000 in proceeds.
The sales occurred on September 20, 2024, with prices ranging from $116.18 to $118.15. Specifically, 3,300 shares were sold at an average price of $116.18, with a range of $115.70 to $116.64. Another 900 shares were sold at an average price of $117.19, within a range of $116.77 to $117.73, and the final 300 shares were sold at an average of $118.15, with prices between $118.06 to $118.27.
This transaction was executed in accordance with a Rule 10b5-1 trading plan previously adopted by Robertson on October 6, 2023. Rule 10b5-1 plans allow company insiders to establish pre-arranged plans to buy or sell company stock when they are not in possession of material non-public information, providing a defense against claims of insider trading.
Additionally, the filing disclosed that on September 18, shares of Nvidia's common stock were withheld by the company to satisfy tax obligations due in connection with the vesting of restricted stock units, which had been reported earlier. The total value of these withheld shares was $805,893, at a price of $115.59 per share.
After these transactions, Robertson's holdings in Nvidia stock have been adjusted to 492,409 shares. The filings also noted minor adjustments to the total shares owned, including shares purchased through the company's Employee Stock Purchase Plan and shares issued upon the vesting of restricted stock units.
Investors and followers of Nvidia Corp can find further details regarding the specific number of shares sold at each price point upon request to the Securities and Exchange Commission (SEC), Nvidia, or the security holder of the issuer.
In other recent news, OpenAI, the firm behind the popular ChatGPT technology, is currently in the process of a significant financing round that could potentially value the company at $150 billion. This valuation is contingent on the AI company's ability to successfully restructure and remove a profit cap for its investors. The proposed funding round, amounting to $6.5 billion, is reportedly attracting strong interest from both existing and new investors, including tech giants Microsoft (NASDAQ:MSFT), Nvidia, and Apple (NASDAQ:AAPL).
In related developments, Nvidia's significant stock rally has been a major contributor to the S&P 500's performance, with the chipmaker's shares marking a 140% increase this year. The surge came after Nvidia's CEO announced robust demand for the company's chips.
In the banking sector, companies like JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Wells Fargo (NYSE:WFC) saw their shares increase after reducing their prime rates. This followed the Federal Reserve's recent announcement of a half a percentage point cut to support the world's largest economy. Market participants are now anticipating a further 25 basis point rate cut at the Fed's November meeting.
These recent developments highlight the dynamic nature of the investment landscape, with companies like OpenAI and Nvidia making significant strides in their respective sectors.
InvestingPro Insights
Nvidia Corporation (NASDAQ:NVDA) has demonstrated robust financial performance with several key metrics indicating a strong market position. According to InvestingPro data, Nvidia's revenue for the last twelve months as of Q2 2025 reached an impressive $96.31 billion, marking a significant growth of 194.69%. This substantial increase is also reflected in the company's gross profit margin, which stands at a high 75.98% for the same period, showcasing Nvidia's ability to maintain profitability despite costs.
InvestingPro Tips highlight that Nvidia is not only a prominent player in the Semiconductors & Semiconductor Equipment industry but also boasts an impressive gross profit margin, which aligns with the data mentioned. Additionally, analysts have revised their earnings upwards for the upcoming period, signaling confidence in the company's future performance. These insights suggest that Nvidia is well-positioned for continued growth and profitability.
For investors seeking more in-depth analysis, there are 21 additional InvestingPro Tips available for Nvidia, offering a comprehensive view of the company's financial health and market potential. These tips can be accessed through the dedicated InvestingPro page for Nvidia at https://www.investing.com/pro/NVDA.
To provide further context to the article, it's worth noting that Nvidia's stock price has experienced a large uptick over the last six months, with a total return of 26.89%. This positive momentum is part of a longer trend, with the year-to-date price total return reaching an astounding 134.29%. The company's ability to maintain dividend payments for 13 consecutive years also underscores its commitment to shareholder returns, which may reassure investors following the insider sale transaction detailed in the article.
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