Nvidia Corp (NASDAQ:NVDA) Director Mark A. Stevens has sold a substantial amount of company stock, according to the latest SEC filings. On April 5th, Stevens completed several transactions, parting with a total of 23,700 shares at prices ranging from $877.00 to $882.36, netting a total of $19,975,240.
The sales were made through indirect ownership by trust, with the shares held by the Third Millennium Trust and the Envy Trust, where Stevens and his wife serve as co-trustees and Stevens as trustee, respectively. Following these transactions, Stevens still maintains significant holdings in Nvidia, with over one million shares in indirect ownership.
The timing of these sales comes as Nvidia's stock has experienced volatility in the market, reflecting broader industry trends and investor sentiment. Nvidia, known for its graphics processing units (GPUs) for gaming and professional markets, as well as system on a chip units (SOCs) for the mobile computing and automotive market, has been a key player in the tech sector and its stock performance is closely watched by investors.
As is standard with SEC filings, the exact details of the transactions, including the number of shares sold at each price point within the range, are available upon request. This transparency ensures that investors have access to the specifics of insider transactions, providing a clearer picture of executive moves within the company.
Mark A. Stevens' recent stock sale represents a significant change in his investment in Nvidia, and it is a noteworthy event for investors and market analysts who track insider trading activities for insights into company performance and executive confidence.
InvestingPro Insights
As Nvidia's stock continues to capture the attention of the market, InvestingPro data reveals a compelling financial landscape for the semiconductor giant. With a massive market capitalization of $2.1 trillion, Nvidia stands out as a behemoth in the industry. The company's P/E ratio, while high at 69.95, is seen by some analysts as justified given the strong sales growth and profitability the company has demonstrated over the last twelve months.
InvestingPro Tips highlight Nvidia's status as a prominent player in the Semiconductors & Semiconductor Equipment industry, with a notable sales growth of 125.85% in the last twelve months as of Q4 2024. This growth is underpinned by a robust gross profit margin of 72.72%, showcasing Nvidia's ability to maintain profitability amidst dynamic market conditions.
The company's stock price has shown significant volatility, yet it has also provided a high return over the last year, with a 222.38% price total return. Investors may find these metrics particularly relevant in light of recent insider trading activities, as they offer a broader context for understanding Nvidia's financial health and future prospects.
For those looking to delve deeper into Nvidia's financials and stock performance, there are 19 additional InvestingPro Tips available, including insights on earnings growth, debt levels, and liquidity. To access these insights and more, visit InvestingPro and use the coupon code PRONEWS24 to get 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.