Sen. Sheldon Whitehouse Unloads NVIDIA Corporation (NASDAQ:NVDA) Shares

Posted by Stuart Ham on Sep 5th, 2026

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 $15,001 and $50,000 in NVIDIA stock on August 13th.

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

Sold $1,001 – $15,000 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 Trading Up 0.8%

NVIDIA stock traded up $1.91 during mid-day trading on Friday, hitting $230.36. 134,528,499 shares of the stock were exchanged, compared to its average volume of 127,435,952. The firm’s fifty day simple moving average is $210.61 and its two-hundred day simple moving average is $202.05. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a 12 month low of $164.07 and a 12 month high of $236.54. The stock has a market capitalization of $5.55 trillion, a price-to-earnings ratio of 29.12, a PEG ratio of 1.79 and a beta of 2.22.

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, topping the consensus estimate of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The company had revenue of $96.22 billion during the quarter, compared to analysts’ expectations of $92.27 billion. During the same period in the prior year, the company posted $1.05 earnings per share. NVIDIA’s revenue for the quarter was up 105.9% compared to the same quarter last year. Analysts forecast that NVIDIA Corporation will post 9.1 EPS for the current year.

NVIDIA announced that its board has authorized a share repurchase plan on Wednesday, May 20th that permits the company to buyback $80.00 billion in shares. This buyback authorization permits the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In other NVIDIA news, EVP Timothy S. Teter sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $217.88, for a total transaction of $6,536,400.00. Following the completion of the transaction, the executive vice president owned 2,687,660 shares of the company’s stock, valued at $585,587,360.80. This represents a 1.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 63,501 shares of NVIDIA stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $220.06, for a total value of $13,974,030.06. Following the completion of the sale, the director owned 4,558,770 shares in the company, valued at approximately $1,003,202,926.20. This represents a 1.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,563,501 shares of company stock worth $335,380,530. Insiders own 3.94% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

Several large investors have recently added to or reduced their stakes in the business. Boyd Wealth Management LLC increased its holdings in shares of NVIDIA by 273.4% in the second quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker’s stock worth $1,830,000 after buying an additional 6,696 shares during the period. Diversified Enterprises LLC boosted its holdings in NVIDIA by 44.2% during the 4th quarter. Diversified Enterprises LLC now owns 127,604 shares of the computer hardware maker’s stock valued at $23,798,000 after acquiring an additional 39,129 shares during the period. Altshuler Shaham Ltd grew its position in NVIDIA by 6,451.9% during the 1st 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. ASR Vermogensbeheer N.V. increased its stake in NVIDIA by 1.8% in the 4th quarter. ASR Vermogensbeheer N.V. now owns 3,169,377 shares of the computer hardware maker’s stock worth $591,086,000 after purchasing an additional 54,877 shares during the period. Finally, Storen Legacy Partners LLC purchased a new position in NVIDIA in the 4th quarter worth approximately $1,350,000. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NVDA. Wall Street Zen upgraded NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 29th. KGI Securities raised their target price on NVIDIA from $335.00 to $345.00 in a research note on Thursday, August 27th. Tigress Financial reaffirmed a “strong-buy” rating and issued a $425.00 target price (up from $360.00) on shares of NVIDIA in a research report on Wednesday, May 27th. BMO Capital Markets set a $340.00 price target on NVIDIA and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Finally, UBS Group set a $300.00 price target on NVIDIA and gave the stock a “buy” rating in a 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $324.83.

Check Out Our Latest Analysis on NVIDIA

NVIDIA News Summary

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.

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

(Get Free Report)

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.