Rep. Pete Sessions Unloads Shares of NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Rep. Pete Sessions sold $15,001–$50,000 of NVIDIA shares from his IRA on October 2, along with several other stock sales in October, including Amazon, Berkshire Hathaway, Lowe’s and Disney.
• NVIDIA reported strong quarterly results, with EPS of $2.22 and revenue of $96.22 billion, while the company authorized a $150 billion share-repurchase plan. Analysts maintain a consensus “Buy” rating with an average price target of $321.47.
• NVIDIA’s outlook is supported by expanding AI partnerships, including a planned $3 billion investment in Meta, but faces risks from DOJ scrutiny of its Hugging Face acquisition, competing Google TPUs and rising TSMC production costs.

Representative Pete Sessions (Republican-Texas) recently sold shares of NVIDIA Corporation NASDAQ: NVDA. In a filing disclosed on October 27th, the Representative disclosed that they had sold between $15,001 and $50,000 in NVIDIA stock on October 2nd. The trade occurred in the Representative's "IRA ONE" account.

Representative Pete Sessions also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Walt Disney NYSE: DIS on 10/28/2026.
• Sold $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 10/27/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 10/27/2026.
• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 10/22/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 10/22/2026.
• Sold $1,001 - $15,000 in shares of Solstice Advanced Mat NASDAQ: SOLS on 10/21/2026.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 10/21/2026.
• Sold $0 - $1,000 in shares of Resideo Technologies NYSE: REZI on 10/21/2026.
• Sold $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 10/20/2026.
• Sold $15,001 - $50,000 in shares of Berkshire Hathaway NYSE: BRK.B on 10/15/2026.

NVIDIA Trading Down 1.2%

Shares of NVDA opened at $215.38 on Thursday. NVIDIA Corporation has a 1-year low of $164.27 and a 1-year high of $243.37. The company has a market capitalization of $5.19 trillion, a P/E ratio of 27.23, a P/E/G ratio of 1.62 and a beta of 2.22. 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 firm's 50 day simple moving average is $222.06 and its 200 day simple moving average is $204.00.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.13. The firm had revenue of $96.22 billion during the quarter, compared to analysts' expectations of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The company's revenue for the quarter was up 105.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 EPS. Sell-side analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is 12.64%.

NVIDIA announced that its board has authorized a stock repurchase plan on Monday, September 28th that allows the company to buy back $150 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to buy up to 2.8% of its stock through open market purchases. Share repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Hedge Funds Weigh In On NVIDIA

A number of institutional investors and hedge funds have recently modified their holdings of NVDA. Boyd Wealth Management LLC raised its position in shares of NVIDIA by 273.4% during the second quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker's stock valued at $1,830,000 after buying an additional 6,696 shares during the last quarter. Ally Financial Inc. boosted its position in shares of NVIDIA by 10.3% during the second quarter. Ally Financial Inc. now owns 172,000 shares of the computer hardware maker's stock worth $34,415,000 after acquiring an additional 16,000 shares during the last quarter. Altshuler Shaham Ltd boosted its position in shares of NVIDIA by 6,451.9% during the first quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker's stock worth $111,134,000 after acquiring an additional 627,510 shares during the last quarter. Vanguard Capital Wealth Advisors boosted its position in shares of NVIDIA by 5.6% during the second quarter. Vanguard Capital Wealth Advisors now owns 52,163 shares of the computer hardware maker's stock worth $10,437,000 after acquiring an additional 2,758 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC grew its stake in NVIDIA by 7.4% during the second quarter. Baker Tilly Wealth Management LLC now owns 71,898 shares of the computer hardware maker's stock valued at $14,386,000 after acquiring an additional 4,958 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In other NVIDIA news, EVP Timothy Teter sold 30,460 shares of NVIDIA stock in a transaction on Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the sale, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $598,810,648. The trade was a 1.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the business's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the completion of the sale, the director owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,766,118 shares of company stock valued at $399,450,353. Corporate insiders own 3.94% of the company's stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA will invest $3 billion in Meta as the companies expand their partnership on Meta’s Muse AI models. Meta also plans to deploy more NVIDIA Vera Rubin systems, Vera CPUs, Spectrum-X networking, and BlueField-4 technology, reinforcing NVIDIA’s position as a core supplier for hyperscale AI infrastructure. Nvidia, Meta partner on Muse agent as Nvidia invests $3 billion
• Positive Sentiment: NVIDIA released Nemotron 3.5 Transcribe, an open-weight speech model supporting up to 40 languages, broadening its software and AI-model ecosystem beyond hardware. Nvidia releases new open transcription model
• Positive Sentiment: Investor commentary remains bullish on upcoming results, with expectations for triple-digit earnings growth and the possibility that NVIDIA could raise its existing growth outlook as supply constraints ease and major customers increase AI infrastructure spending. What to expect from NVIDIA’s next quarterly earnings report
• Neutral Sentiment: NVIDIA scheduled its third-quarter financial-results conference call for November 17. The event may become the next major catalyst, particularly for guidance on demand, supply, margins, and customer capital spending. NVIDIA sets conference call for third-quarter financial results
• Negative Sentiment: The U.S. Department of Justice is examining NVIDIA’s proposed $12.93 billion acquisition of Hugging Face, creating potential antitrust and deal-completion risk. US DOJ examines Nvidia’s Hugging Face acquisition
• Negative Sentiment: Google’s TPUs are gaining distribution through Oracle Cloud, while OpenAI is reportedly buying Google’s AI chips. Greater adoption of custom accelerators could pressure NVIDIA’s market share, pricing power, and dependence on hyperscaler spending. Google’s AI chip business is getting harder for Nvidia to ignore
• Negative Sentiment: Reported price increases from TSMC of 10%–20% for advanced packaging and 3%–6% for leading-edge wafers could raise NVIDIA’s production costs, although strong demand may allow some costs to be passed through. Taiwan Semiconductor flexes pricing power on AI’s frontline

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. HSBC boosted their price objective on shares of NVIDIA from $360.00 to $365.00 in a research report on Thursday, August 27th. Wedbush raised their target price on shares of NVIDIA from $330.00 to $345.00 and gave the stock an "outperform" rating in a research report on Thursday, August 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $390.00 target price on shares of NVIDIA in a research note on Tuesday, September 29th. Rothschild & Co Redburn lifted their target price on shares of NVIDIA from $300.00 to $325.00 in a research note on Thursday, August 27th. Finally, Phillip Securities boosted their price target on shares of NVIDIA from $285.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, August 31st. Five research analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $321.47.

About Representative Sessions

Pete Sessions (Republican Party) is a member of the U.S. House, representing Texas' 17th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Sessions (Republican Party) ran for re-election to the U.S. House to represent Texas' 17th Congressional District. He won in the general election on November 5, 2024. On October 20, 2023, Sessions announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. Sessions lost the first round of nomination voting on October 24, 2023. Pete Sessions was born and lives in Waco, Texas. Sessions earned a B.S. from Southwestern University in 1978. Sessions' career experience includes working as an executive with AT&T.

NVIDIA Company Profile

NVIDIA Corporation NASDAQ: NVDA is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company's products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.

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