Rep. John McGuire Acquires Shares of NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Rep. John McGuire bought NVIDIA shares worth between $1,001 and $15,000 on August 18 in his Merrill Lynch SEP IRA. He also sold shares of Apple, Palo Alto Networks and BlackRock, while purchasing Applied Materials.
• NVIDIA reported stronger-than-expected quarterly results, generating $96.22 billion in revenue and $2.22 in EPS, while revenue rose 105.9% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $324.23.
• NVIDIA declared a quarterly dividend of $0.25 per share and authorized an $80 billion stock-repurchase program. However, recent insider selling and potential margin pressure from higher memory and networking costs remain risks for investors.

Representative John McGuire (Republican-Virginia) recently bought shares of NVIDIA Corporation NASDAQ: NVDA. In a filing disclosed on September 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in NVIDIA stock on August 18th. The trade occurred in the Representative's "MERRILL LYNCH SEP IRA" account.

Representative John McGuire also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 8/18/2026.
• Sold $1,001 - $15,000 in shares of Palo Alto Networks NASDAQ: PANW on 7/31/2026.
• Purchased $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 7/15/2026.
• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 7/14/2026.
• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 7/10/2026.

NVIDIA Trading Up 1.8%

NVIDIA stock opened at $228.45 on Friday. NVIDIA Corporation has a 12-month low of $164.07 and a 12-month high of $236.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. The stock has a market capitalization of $5.51 trillion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 1.76 and a beta of 2.22. The firm has a 50 day simple moving average of $209.85 and a 200-day simple moving average of $201.85.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating the consensus estimate of $2.09 by $0.13. The business had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business's quarterly revenue was up 105.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.05 earnings per share. As a group, equities research analysts expect that NVIDIA Corporation will post 9.1 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th. NVIDIA's dividend payout ratio is currently 12.64%.

NVIDIA declared that its board has initiated a stock repurchase plan on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at NVIDIA

In other news, Director Mark Stevens sold 63,501 shares of NVIDIA stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $220.06, for a total transaction of $13,974,030.06. Following the completion of the sale, the director directly owned 4,558,770 shares in the company, valued at $1,003,202,926.20. The trade was a 1.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy S. Teter sold 30,000 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $217.88, for a total value of $6,536,400.00. Following the completion of the transaction, the executive vice president owned 2,687,660 shares in the company, valued at $585,587,360.80. This represents a 1.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,563,501 shares of company stock valued at $335,380,530 over the last ninety days. Company insiders own 3.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NVDA. New Street Research decreased their target price on NVIDIA from $343.00 to $340.00 in a report on Thursday, May 21st. Tigress Financial reiterated a "strong-buy" rating and issued a $425.00 price target (up from $360.00) on shares of NVIDIA in a research report on Wednesday, May 27th. Zacks Research cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 21st. Weiss Ratings restated a "buy (b)" rating on shares of NVIDIA in a report on Wednesday, July 8th. Finally, DA Davidson reaffirmed a "buy" rating and set a $300.00 price objective on shares of NVIDIA in a research note on Thursday, August 27th. Two analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average price target of $324.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp grew its holdings in shares of NVIDIA by 1.2% during the 4th quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker's stock valued at $184,911,111,000 after acquiring an additional 11,451,386 shares in the last quarter. Geode Capital Management LLC boosted its position in NVIDIA by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker's stock valued at $109,446,217,000 after purchasing an additional 3,383,441 shares during the last quarter. Norges Bank purchased a new position in NVIDIA in the fourth quarter valued at about $62,244,133,000. Bank of America Corp DE grew its stake in NVIDIA by 2.2% in the second quarter. Bank of America Corp DE now owns 195,366,864 shares of the computer hardware maker's stock valued at $39,090,956,000 after purchasing an additional 4,165,875 shares in the last quarter. Finally, Legal & General Group Plc increased its position in NVIDIA by 1.5% in the 3rd quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker's stock worth $33,808,862,000 after purchasing an additional 2,609,560 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Hugging Face acquisition: NVIDIA agreed to acquire open-source AI platform Hugging Face for approximately $12.93 billion. The deal could strengthen CUDA adoption, improve developer retention and give NVIDIA a larger role in AI model development and deployment beyond selling chips. Nvidia to buy Hugging Face for nearly $13 billion
• Positive Sentiment: Growth outlook remains strong: NVIDIA’s recent quarterly results exceeded expectations, with $96.22 billion in revenue and $2.22 in EPS. Management’s roughly 70% fiscal 2028 revenue-growth outlook was materially above consensus, reducing concerns that AI demand is rapidly decelerating. Nvidia: The Market Is Crazy Not To Push The Stock Higher
• Positive Sentiment: Customer spending validation: Dell Technologies’ stronger guidance and expanding AI-server demand reinforced NVIDIA’s view that enterprise and hyperscaler capital expenditures remain elevated. NVIDIA also announced that Lenovo and Acer will launch RTX Spark AI PCs in October, extending its reach into client computing. Nvidia sets October launch for RTX Spark AI PCs
• Positive Sentiment: Broader AI ecosystem exposure: Partnerships with Equinix and Together AI on enterprise inference, plus a reported $6 billion GPU deployment connected to humanoid-robotics company Figure, point to additional demand for NVIDIA’s platforms in inference and physical AI. Nvidia lands surprise $6B GPU windfall with Figure
• Neutral Sentiment: Strategic execution will be closely watched: The Hugging Face transaction is intended to preserve an open developer ecosystem, but NVIDIA must integrate the platform without undermining its neutrality or causing developers to migrate elsewhere. The acquisition also comes as cloud providers continue developing custom AI chips.
• Negative Sentiment: Margin pressure: Rising memory and networking costs are expected to weigh on gross margins, even though they reflect supply constraints and strong demand. Investors are monitoring whether NVIDIA can maintain profitability above 70%. Memory Costs Rise: Can NVIDIA Protect Its 70% Gross Margin?
• Negative Sentiment: Insider selling and policy risks: Executives and directors recently sold shares, including a Rule 10b5-1 sale by EVP Timothy Teter. Possible U.S. semiconductor tariffs and elevated interest rates remain additional risks to valuation and global supply chains.

About Representative McGuire

John McGuire (Republican Party) is a member of the U.S. House, representing Virginia's 5th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. McGuire (Republican Party) is running for re-election to the U.S. House to represent Virginia's 5th Congressional District. He declared candidacy for the 2026 election. John McGuire was born in Richmond, Virginia. McGuire graduated from Henrico High School. He served as a U.S. Navy Seal from 1988 to 1998. His professional experience includes founding SEAL Team Physical Training Inc.

About NVIDIA

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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