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Ruben Gallego, a member of Congress representing Arizona's 3rd congressional district, has recently made significant investments in Aspiration Fund Adviser LLC and Coach Inc (NYSE:TPR)., according to a recent congressional trade report.
Gallego purchased assets from Aspiration Fund Adviser LLC, an investment advisory service based in Marina Del Rey, California. The transaction, which took place on August 27, 2019, was valued between $15,001 and $50,000. The assets acquired fall under the category of non-publicly traded stocks [PS].
In another transaction, Gallego also invested in Coach Inc., a company providing pronunciation guide services based in Palo Alto, California. This purchase, made on June 14, 2022, was also valued between $15,001 and $50,000. The assets obtained are classified as corporate securities (bonds and notes) [CS].
Both transactions were made through the IRA Club, an investment vehicle that Gallego uses for his investment activities. The IRA Club allows members to invest in a wide range of assets, including initial public offerings (IPOs).
InvestingPro Insights
Turning our attention to Coach Inc., recently in the spotlight due to Congressman Ruben Gallego's investment, we can glean some insights from InvestingPro data and tips. Coach Inc., known for its fashion and luxury goods, has demonstrated a strong financial position in the last twelve months as of Q3 2024. With a market capitalization of $8.75 billion, the company is a significant player in the retail sector.
One of the notable InvestingPro Tips for Coach Inc. is its impressive gross profit margins, which stood at 72.71% in the last twelve months as of Q3 2024. This figure showcases the company's ability to maintain a high level of profitability relative to its revenue, which amounted to $6.699 billion during the same period. Additionally, Coach Inc. has a history of rewarding its shareholders, having raised its dividend for 3 consecutive years and maintained dividend payments for 16 consecutive years, reflecting a stable and investor-friendly policy.
However, the company is not without its challenges. It is currently trading at a high P/E ratio of 9.86, which suggests that its stock price is relatively high compared to its near-term earnings growth. Moreover, the stock price has experienced significant volatility, with a one-month total return of -12.92%, indicating that the market has had some reservations about the company's short-term prospects.
For investors interested in a deeper analysis, there are additional InvestingPro Tips available on the platform. These tips can provide further guidance on whether Coach Inc. aligns with their investment strategy. For instance, as of now, there are 10 more InvestingPro Tips listed on https://www.investing.com/pro/TPR, offering a richer understanding of the company's financial health and market position.
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