Rep. Robert Bresnahan, Jr. Buys NVIDIA Corporation (NASDAQ:NVDA) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of NVIDIA Corporation NASDAQ: NVDA. In a filing disclosed on June 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in NVIDIA stock on May 13th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
• Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
• Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
• Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
• Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
• Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.

NVIDIA Price Performance

NVDA traded down $0.24 during trading on Friday, hitting $173.50. 121,814,931 shares of the company traded hands, compared to its average volume of 162,110,176. The company has a market cap of $4.23 trillion, a PE ratio of 55.97, a P/E/G ratio of 1.53 and a beta of 2.13. The stock's 50-day simple moving average is $150.95 and its two-hundred day simple moving average is $130.93. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $174.72. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the business earned $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.02%. NVIDIA's payout ratio is 1.29%.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $169.54, for a total value of $12,715,500.00. Following the sale, the chief executive officer owned 74,123,225 shares of the company's stock, valued at $12,566,851,566.50. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 48,792 shares of the company's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the completion of the sale, the director directly owned 1,729,478 shares in the company, valued at $283,565,212.88. This trade represents a 2.74% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,114,800 shares of company stock valued at $760,553,003. Corporate insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

NVDA has been the subject of several research reports. Bank of America increased their price objective on shares of NVIDIA from $180.00 to $220.00 in a research report on Wednesday, July 16th. Rosenblatt Securities raised their target price on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Jefferies Financial Group raised their target price on shares of NVIDIA from $185.00 to $200.00 in a report on Wednesday, July 16th. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a report on Thursday, April 3rd. Finally, Loop Capital boosted their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $181.22.

Institutional Trading of NVIDIA

Several large investors have recently made changes to their positions in NVDA. Defender Capital LLC. lifted its holdings in NVIDIA by 46.6% during the second quarter. Defender Capital LLC. now owns 6,450 shares of the computer hardware maker's stock valued at $1,019,000 after purchasing an additional 2,050 shares in the last quarter. NorthRock Partners LLC lifted its stake in NVIDIA by 3.5% in the second quarter. NorthRock Partners LLC now owns 445,110 shares of the computer hardware maker's stock worth $70,346,000 after acquiring an additional 14,890 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in NVIDIA by 10.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 82,911 shares of the computer hardware maker's stock worth $13,099,000 after acquiring an additional 8,140 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in NVIDIA by 11.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,182,310 shares of the computer hardware maker's stock valued at $186,793,000 after purchasing an additional 125,965 shares during the period. Finally, Endowment Wealth Management Inc. purchased a new stake in NVIDIA during the second quarter worth about $250,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.