Sen. Sheldon Whitehouse Sells Off Shares of NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Sen. Sheldon Whitehouse sold NVIDIA shares valued between $1,001 and $15,000 on August 13, alongside a separate NVIDIA sale valued at $15,001–$50,000. His recent trades also included sales of Lam Research, Amgen, Lowe’s, Apple and Crown Castle, plus purchases of Coherent and Micron.
• NVIDIA reported strong operating results: quarterly earnings per share reached $2.22 versus the $2.09 consensus, while revenue of $96.22 billion rose 105.9% year over year. The company also authorized an $80 billion share-repurchase program.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $324.83, supported by AI demand and new initiatives such as Hugging Face and RTX Spark PCs. However, competition, rising component costs and additional insider selling remain potential risks.

Senator Sheldon Whitehouse (Democratic-Rhode Island) recently sold shares of NVIDIA Corporation NASDAQ: NVDA. In a filing disclosed on September 02nd, the Senator disclosed that they had sold between $1,001 and $15,000 in NVIDIA stock on August 13th.

Senator Sheldon Whitehouse also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 8/13/2026.
• Sold $1,001 - $15,000 in shares of Lam Research NASDAQ: LRCX on 8/13/2026.
• Sold $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 8/12/2026.
• Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 7/20/2026.
• Sold $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 6/30/2026.
• Sold $1,001 - $15,000 in shares of Crown Castle NYSE: CCI on 6/25/2026.
• Purchased $15,001 - $50,000 in shares of Coherent NYSE: COHR on 6/25/2026.
• Purchased $1,001 - $15,000 in shares of Micron Technology NASDAQ: MU on 6/25/2026.
• Sold $15,001 - $50,000 in shares of Apple NASDAQ: AAPL on 6/24/2026.

NVIDIA Price Performance

NASDAQ NVDA opened at $230.36 on Friday. The stock has a 50-day simple moving average of $210.61 and a 200 day simple moving average of $202.05. NVIDIA Corporation has a twelve month low of $164.07 and a twelve month high of $236.54. The stock has a market capitalization of $5.55 trillion, a PE ratio of 29.12, a P/E/G ratio of 1.79 and a beta of 2.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59.

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 for the quarter, beating the consensus estimate of $2.09 by $0.13. The company 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%.NVIDIA'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 earnings per share. Research analysts anticipate that NVIDIA Corporation will post 9.1 EPS for the current year.

NVIDIA declared that its board has authorized a share buyback program on Wednesday, May 20th that permits the company to buyback $80.00 billion in shares. This buyback authorization permits the computer hardware maker to buy up to 1.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid a $0.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. NVIDIA's dividend payout ratio (DPR) is presently 12.64%.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Hugging Face expands NVIDIA’s AI ecosystem: The acquisition gives NVIDIA access to Hugging Face’s open-source platform, which hosts millions of models, applications and datasets used by more than 18 million developers. Investors view the deal as a way to deepen CUDA adoption, strengthen NVIDIA’s software moat and position the company as an AI platform provider rather than solely a chip supplier. Management says Hugging Face will remain open to the broader AI ecosystem. Why NVIDIA’s defensive move to acquire Hugging Face is about much more than chips
• Positive Sentiment: New consumer AI revenue channel: Lenovo and Acer are expected to launch Windows PCs powered by NVIDIA’s RTX Spark chip in October. Local AI processing could expand NVIDIA’s addressable market while reducing reliance on cloud data centers. HP also announced new OmniBook PCs using RTX Spark technology. NVIDIA sets October launch for RTX Spark AI PCs
• Positive Sentiment: Analyst support and demand remain strong: Needham and Rosenblatt reaffirmed Buy ratings with price targets of $300 and $390, respectively. Recent earnings showed revenue growth above 100%, a 63.7% net margin and results ahead of consensus, while management’s long-term outlook continues to imply robust AI infrastructure spending. NVIDIA’s equity investments in companies such as OpenAI, CoreWeave and Nebius have also grown substantially, reinforcing its influence across the AI supply chain. NVIDIA has built a $99 billion equity portfolio
• Neutral Sentiment: Competitive and valuation considerations: NVIDIA remains dominant, but AMD, Broadcom and Intel are pursuing AI and server opportunities. Rising memory and optical-networking costs could pressure gross margins even if they confirm that demand exceeds supply.
• Negative Sentiment: Insider selling adds a cautionary signal: Director Mark Stevens sold roughly 648,500 shares in two transactions, while EVP Timothy Teter sold 30,000 shares. The sales were disclosed under planned transactions and represent small portions of their remaining holdings, limiting their significance but potentially weighing on sentiment.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Craig Hallum increased their price target on shares of NVIDIA from $245.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, May 21st. China Renaissance upped their price objective on shares of NVIDIA from $319.00 to $330.00 and gave the company a "buy" rating in a research report on Monday, August 31st. Benchmark reiterated a "buy" rating and issued a $335.00 target price on shares of NVIDIA in a research note on Thursday, August 27th. TD Cowen reissued a "buy" rating on shares of NVIDIA in a research report on Tuesday, August 18th. Finally, Truist Financial raised their price objective on NVIDIA from $307.00 to $346.00 and gave the stock a "buy" rating in a research report on Thursday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average target price of $324.83.

Hedge Funds Weigh In On NVIDIA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lifetime Wealth Management P.C. bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $26,000. Longview Financial Advisors Inc. bought a new position in NVIDIA in the first quarter valued at about $27,000. Montgomery Financial Services LLC acquired a new stake in NVIDIA in the second quarter worth about $28,000. Longfellow Investment Management Co. LLC increased its position in NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after purchasing an additional 67 shares during the period. Finally, Langley Wealth Management LLC bought a new stake in NVIDIA during the 2nd quarter worth about $34,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Timothy Teter sold 30,000 shares of NVIDIA stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $217.88, for a total transaction of $6,536,400.00. Following the completion of the sale, the executive vice president owned 2,687,660 shares in the company, valued at $585,587,360.80. The trade was a 1.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 885,000 shares of the business's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the sale, the director directly owned 5,207,271 shares of the company's stock, valued at approximately $1,094,412,146.07. This trade represents a 14.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,563,501 shares of company stock worth $335,380,530 in the last ninety days. Insiders own 3.94% of the company's stock.

About Senator Whitehouse

Sheldon Whitehouse (Democratic Party) is a member of the U.S. Senate from Rhode Island. He assumed office on January 3, 2007. His current term ends on January 3, 2031. Whitehouse (Democratic Party) ran for re-election to the U.S. Senate to represent Rhode Island. He won in the general election on November 5, 2024.

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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