Nvidia Corp (NASDAQ:NVDA) has reported a recent transaction involving the sale of company stock by chief accounting officer Donald F. Robertson Jr. According to the latest filing, Robertson sold a total of 4,500 shares, resulting in proceeds of more than $520,000.
The sale took place 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 last 300 shares were sold at an average price of $118.15, with prices between $118.06 and $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 set up prearranged plans to buy or sell company stock when they do not own stock. of material, non-public information, which provides protection against insider trading claims.
In addition, the filing revealed that on September 18, shares of Nvidia’s common stock were withheld by the company to meet tax liabilities due in connection with the acquisition of restricted stock units, which had previously been reported. The total value of these retained shares was $805,893, at a price of $115.59 per share.
Following these transactions, Robertson’s ownership in Nvidia shares was adjusted to 492,409 shares. The documents also noted minor adjustments to the total number of shares owned, including shares purchased through the company’s Employee Stock Purchase Plan and shares issued upon vesting of restricted stock units.
Investors and followers of Nvidia Corp may obtain further details on the specific number of shares sold at each price upon request to the Securities and Exchange Commission (SEC), Nvidia or the issuer’s security holder.
In other recent news, OpenAI, the company behind the popular ChatGPT technology, is currently in the process of a significant funding round that could potentially value the company at $150 billion. This valuation is dependent on the AI company’s ability to successfully restructure and remove a profit cap for its investors. The proposed $6.5 billion funding round is reportedly attracting strong interest from both existing and new investors, including tech giants Microsoft (NASDAQ:), Nvidia and Apple (NASDAQ:).
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 up 140% this year. The increase came after Nvidia’s CEO announced robust demand for the company’s chips.
In the banking sector, companies like JPMorgan Chase (NYSE:), Bank of America and Wells Fargo saw their shares rise after lowering their base interest rates. This followed the Federal Reserve’s recent announcement of a half-percentage point cut to support the world’s largest economy. Market participants now expect 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 such as OpenAI and Nvidia making significant progress in their respective sectors.
InvestingPro Insights
Nvidia Corporation (NASDAQ:) has demonstrated robust financial performance, with several key metrics pointing to a strong market position. According to data from InvestingPro, Nvidia’s revenue over the past twelve months as of Q2 2025 reached an impressive $96.31 billion, representing 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% over the same period, demonstrating Nvidia’s ability to maintain profitability despite costs.
InvestingPro Tips highlight that Nvidia is not only a prominent player in the semiconductor and semiconductor equipment sector, but also boasts an impressive gross profit margin, which matches the data mentioned. Moreover, analysts have upgraded their earnings for the coming period, which is a sign of confidence in the company’s future performance. These insights suggest that Nvidia is well positioned for continued growth and profitability.
For investors looking for more in-depth analysis, 21 additional InvestingPro Tips are available for Nvidia, providing a comprehensive view of the company’s financial health and market potential. These tips can be accessed via the dedicated InvestingPro page for Nvidia at https://www.investing.com/pro/NVDA.
To give more context to the article, it’s worth noting that Nvidia’s share price has seen a big rise over the past six months, with a total return of 26.89%. This positive momentum is part of a longer trend, with total price returns reaching an astonishing 134.29% this year. The company’s ability to pay dividends for 13 consecutive years also underlines its commitment to shareholder returns, which may reassure investors following the insider sales transaction described in the article.
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