Nvidia Corp (NASDAQ:NVDA) has reported that its Executive Vice President and Chief Financial Officer, Colette Kress, has sold a significant portion of her company stock, totaling over $24 million. The transactions occurred on June 24 and June 25, according to the latest filings.
The sales were executed at varying prices, with the range for the shares sold on June 24 spanning from $118.7148 to $123.5797, while the shares sold on June 25 were transacted at prices between $119.8649 and $126.461. These transactions were part of a pre-arranged trading plan, known as a Rule 10b5-1 trading plan, which Kress had adopted on March 22, 2024.
The reported sales do not represent Kress's complete divestment from the company, as post-transaction filings indicate she still retains a substantial number of shares. The filings also note that Kress holds additional shares indirectly through a limited liability company connected to an irrevocable trust.
Investors often monitor insider transactions for insights into executive sentiment regarding their company's stock. While the reasons behind Kress's sales were not disclosed, such transactions are not uncommon and can be motivated by a variety of personal financial planning considerations.
Nvidia has not made any official comment on the transactions. The company continues to be a leading player in the semiconductor industry, with a focus on areas such as gaming, professional visualization, data centers, and automotive electronics.
In other recent news, NVIDIA, a leading AI chip manufacturer, has been the focus of positive analyst outlooks. Cantor Fitzgerald maintained an Overweight rating on NVIDIA and raised the stock's price target to $175, citing the company's significant role in driving technological innovation and reducing computing costs. Similarly, Citi raised its price target for NVIDIA to $150, maintaining a Buy rating. Both firms anticipate further growth and adoption of AI technologies, which NVIDIA is at the forefront of.
In investment activity, Cathie Wood's ARK ETFs sold a significant number of NVIDIA shares, reflecting strategic adjustments to its portfolio. This comes amidst a broader market evaluation of the semiconductor industry. Despite these sales, NVIDIA's technological advancements and potential for growth in the AI sector have been recognized by analysts.
These are recent developments that have garnered attention in the investment community. Analysts' assessments and portfolio adjustments reflect the dynamic nature of the market, with NVIDIA's role in AI and technology continuing to be a significant factor. These developments provide valuable insight into the current state of the market and the position of NVIDIA within it.
InvestingPro Insights
Nvidia's (NASDAQ:NVDA) recent insider trading activity, involving Executive Vice President and Chief Financial Officer Colette Kress, comes at a time when the company showcases robust financial health and market performance. According to InvestingPro data, Nvidia has a market capitalization of $3090.0 billion and exhibits a high revenue growth rate, with the last twelve months as of Q1 2025 marking a 208.27% increase. This is complemented by a substantial gross profit margin of 75.29% in the same period, illustrating the company's efficiency in maintaining profitability amid its sales growth.
Investors considering Nvidia's stock should note the company's high earnings multiple, with a P/E ratio of 71.35, which suggests high expectations for future growth embedded in the current stock price. Additionally, Nvidia has demonstrated a strong return on assets of 70.1% over the last twelve months as of Q1 2025, reflecting its effectiveness in utilizing its assets to generate earnings.
For those seeking further insights, InvestingPro offers additional tips such as Nvidia's perfect Piotroski Score of 9, indicating a very healthy financial state, and the anticipation of sales growth in the current year by analysts. With a total of 21 InvestingPro Tips available, investors can gain a deeper understanding of Nvidia's financial and market position. To access these tips and more, visit InvestingPro and use coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.