Rep. Robert Bresnahan, Jr. Acquires Shares of NVIDIA Co. (NASDAQ:NVDA)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) has recently purchased shares of NVIDIA Co. (NASDAQ: NVDA). According to a filing made public on March 27th, it was disclosed that the Representative bought between $1,001 and $15,000 in NVIDIA stock on February 26th. The transaction took place in the Representative's JP Morgan brokerage account.

Recent Trading Activities by Rep. Bresnahan

In addition to acquiring NVIDIA shares, Representative Robert Bresnahan, Jr. has engaged in several other stock trades recently:

• Purchased $1,001 - $15,000 in shares of Intuit (NASDAQ: INTU) on March 7, 2025.
• Sold $1,001 - $15,000 in shares of Tesla (NASDAQ: TSLA) on March 6, 2025.
• Purchased $1,001 - $15,000 in shares of SEA (NYSE: SE) on March 5, 2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group (NASDAQ: CRDO) on March 4, 2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms (NASDAQ: META) on March 4, 2025.
• Purchased $1,001 - $15,000 in shares of Twilio (NYSE: TWLO) on March 4, 2025.
• Sold $15,001 - $50,000 in shares of Alibaba Group (NYSE: BABA) on March 4, 2025.
• Purchased $1,001 - $15,000 in shares of Zoom Video Communications (NASDAQ: ZM) on March 4, 2025.
• Purchased $1,001 - $15,000 in shares of Intel (NASDAQ: INTC) on March 3, 2025.
• Purchased $1,001 - $15,000 in shares of Snowflake (NYSE: SNOW) on March 3, 2025.

NVIDIA Stock Performance

As of a recent Friday, shares of NVIDIA Co. (NASDAQ:NVDA) opened at $109.67. The company boasts a quick ratio of 3.64, a current ratio of 4.10, and a debt-to-equity ratio of 0.13. NVIDIA has a market cap of $2.68 trillion, with a P/E ratio of 43.16 and a P/E/G ratio of 1.76. In the past twelve months, the stock reached a low of $75.61 and a high of $195.95. Current moving averages for the company are $125.01 over 50 days and $131.34 over 200 days.

Recent Earnings and Dividend News

NVIDIA last reported its quarterly earnings on February 26th. The company announced earnings per share of $0.89, surpassing the analysts' expectations of $0.84 by $0.05. NVIDIA achieved a net margin of 55.69% and a return on equity of 114.83%. The revenue for the quarter was reported to be $39.33 billion, outperforming the forecasted amount of $38.16 billion. Analysts predict that NVIDIA will post an EPS of 2.77 for the current fiscal year.

Additionally, NVIDIA has declared a quarterly dividend set to be paid on April 2nd, with investors recorded by March 12th eligible for a $0.01 dividend. This represents an annualized dividend of $0.04, leading to a dividend yield of 0.04%. The company maintains a dividend payout ratio of 1.36%.

Insider Transactions and Analyst Ratings

In significant insider activity, Director Robert K. Burgess sold 53,324 shares on March 13th at an average price of $115.49, totaling approximately $6.16 million. After this sale, Burgess holds 251,044 shares worth around $28.99 million, marking a 17.52% decrease in his stake. Furthermore, EVP Ajay K. Puri sold 36,462 shares on January 6th for about $5.51 million.

On the analysts' front, several investment firms have recently shared their outlook on NVIDIA. Truist Financial raised its target price for NVIDIA shares from $204.00 to $205.00, labeling it as a “buy” stock on February 27th. Meanwhile, Susquehanna reiterated a “positive” rating, setting a price target of $180.00. Morgan Stanley established a price target of $162.00, indicating an “overweight” rating. Various analysts maintain a consensus outlook of “Moderate Buy” for the stock.

Institutional Investment Trends

There have been several institutional changes regarding NVIDIA holdings lately. Tacita Capital Inc acquired a new stake in NVIDIA during the fourth quarter worth around $28,000. Other firms such as Legend Financial Advisors and Vision Financial Markets have also recently purchased stakes in NVIDIA. Currently, institutional investors and hedge funds own approximately 65.27% of NVIDIA's stock.

Background on Representative Bresnahan

Rob Bresnahan Jr. is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He was sworn in on January 3, 2025, with a term lasting until January 3, 2027. He is seeking re-election for the 2026 election. Bresnahan was born in Kingston, Pennsylvania, and holds a B.S. in business administration, management, and operations from the University of Scranton.

About NVIDIA Corporation

NVIDIA Corporation provides innovative graphics, computing, and networking solutions globally. Their offerings include GeForce GPUs for gaming, the GeForce NOW streaming service, Quadro/NVIDIA RTX GPUs for enterprise graphics, virtual GPU software for cloud computing, and automotive platforms for infotainment systems.

Bresnahan, NVIDIA, stock