Sen. Cory A. Booker Sells Off NVIDIA Corporation (NASDAQ:NVDA) Stock

Senator Cory A. Booker (Democratic-New Jersey) recently sold shares of NVIDIA Corporation (NASDAQ:NVDA). In a filing disclosed on September 09th, the Senator disclosed that they had sold between $15,001 and $50,000 in NVIDIA stock on August 11th.

Senator Cory A. Booker also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Netflix (NASDAQ:NFLX) on 8/11/2026.
• Sold $15,001 – $50,000 in shares of McDonald’s (NYSE:MCD) on 8/11/2026.
• Sold $1,001 – $15,000 in shares of Alnylam Pharmaceuticals (NASDAQ:ALNY) on 8/11/2026.
• Sold $1,001 – $15,000 in shares of JD.com (NASDAQ:JD) on 8/11/2026.
• Sold $100,001 – $250,000 in shares of Amazon.com (NASDAQ:AMZN) on 8/11/2026.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $0.07 during midday trading on Friday, hitting $218.29. 88,764,495 shares of the company were exchanged, compared to its average volume of 123,266,032. The firm has a 50 day simple moving average of $213.29 and a 200-day simple moving average of $203.33. 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 has a market cap of $5.26 trillion, a P/E ratio of 27.60, a PEG ratio of 1.71 and a beta of 2.22. NVIDIA Corporation has a 52 week low of $164.27 and a 52 week high of $236.54.

NVIDIA (NASDAQ:NVDA) last announced its earnings results 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. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business had revenue of $96.22 billion during the quarter, compared to analysts’ expectations of $92.27 billion. During the same quarter last year, the company posted $1.05 EPS. The firm’s revenue for the quarter was up 105.9% on a year-over-year basis. Research analysts forecast that NVIDIA Corporation will post 9.12 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm 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 of this dividend is Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. NVIDIA’s payout ratio is presently 12.64%.

NVIDIA announced that its board has authorized a stock repurchase plan on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to purchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Lifetime Wealth Management P.C. bought a new position in NVIDIA in the fourth quarter valued at about $26,000. Longview Financial Advisors Inc. acquired a new stake in NVIDIA in the first quarter worth about $27,000. Montgomery Financial Services LLC bought a new stake in NVIDIA during the 2nd quarter worth about $28,000. Longfellow Investment Management Co. LLC lifted its position in NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 67 shares during the period. Finally, Langley Wealth Management LLC acquired a new position in NVIDIA during the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

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 2,585,740 shares of company stock worth $571,015,527 in the last ninety days. Insiders own 3.94% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Seaport Research Partners upped their price objective on shares of NVIDIA from $140.00 to $180.00 and gave the stock a “sell” rating in a research note on Thursday, May 21st. China Renaissance boosted their target price on NVIDIA from $319.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Evercore set a $465.00 price target on NVIDIA and gave the stock an “outperform” rating in a research report on Thursday, August 27th. BNP Paribas Exane raised their price target on NVIDIA from $270.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Finally, Wall Street Zen upgraded NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 29th. Three investment analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, NVIDIA has an average rating of “Buy” and an average target price of $324.34.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Analyst upgrade and growth outlook: Piper Sandler upgraded NVIDIA to “strong buy,” while CEO Jensen Huang reiterated expectations for roughly 70% revenue growth next year and a potential $3 trillion–$4 trillion AI market by 2030. Erste Group also raised its FY2027 EPS estimate to $9.23 from $9.00. NVIDIA analyst upgrade Jensen Huang growth outlook
• Positive Sentiment: Evidence of sustained chip demand: TSMC reported August revenue growth of 53.3% year over year, signaling continued orders for AI accelerators and advanced packaging. The data supports NVIDIA’s view that hyperscaler and enterprise AI infrastructure spending remains strong. TSMC August revenue
• Positive Sentiment: Infrastructure expansion and partnerships: NVIDIA is working with Australian cloud and data-center companies on up to 2 gigawatts of AI-factory capacity by 2027. Its collaborations with Palantir on sovereign AI supply chains and d-Matrix on chip-linking technology further expand the CUDA-based ecosystem and potential future demand. NVIDIA Australia AI infrastructure d-Matrix partnership
• Neutral Sentiment: Valuation remains the central debate: Investors are weighing NVIDIA’s exceptional growth, profitability and AI leadership against a very high market capitalization and the possibility that optimistic forecasts are already reflected in the stock. Analysts continue to compare NVIDIA with Broadcom and AMD as custom silicon competition develops. NVIDIA valuation debate
• Negative Sentiment: Regulatory and sentiment risks: The Justice Department is reportedly examining NVIDIA’s licensing arrangement with Groq for possible antitrust concerns. In addition, insiders have reported substantial selling with no purchases in the past six months, while higher oil prices and Treasury yields have pressured high-growth technology shares. DOJ Groq investigation NVIDIA insider sales

About Senator Booker

Cory Booker (Democratic Party) is a member of the U.S. Senate from New Jersey. He assumed office on October 31, 2013. His current term ends on January 3, 2027. Booker (Democratic Party) ran for re-election to the U.S. Senate to represent New Jersey. He won in the general election on November 3, 2020. Booker also ran for election for President of the United States. He did not appear on the ballot for the Democratic convention on August 18, 2020. Booker announced that he was running for president of the United States on February 1, 2019. He suspended his presidential campaign on January 13, 2020. Before being elected to the Senate, Booker served as the 36th mayor of Newark. He also served on the Newark City Council for the Central Ward. In September 2017, he was rated the third most liberal senator based on his voting record, according to The New York Times. Booker was born in 1969 in Washington, D.C., and grew up in Harrington Park, New Jersey. He attended Stanford University on a varsity football scholarship, receiving a B.A. in 1991 and an M.A. in 1992. Booker was a Rhodes Scholar at the University of Oxford, where he earned a graduate degree in history in 1994. He then attended Yale Law School, graduating with a J.D. in 1997. After completing his education, Booker moved into a public housing project in Newark, New Jersey, became a tenant organizer, and founded a nonprofit that provided legal assistance to low-income families. He was elected to the Newark City Council in 1998 and served there until 2002, when he ran unsuccessfully for mayor. The same year, he became a partner at Booker, Rabinowitz, Trenk, Lubetkin, Tully, DiPasquale & Webster. In 2006, Booker ran again for mayor of Newark and was elected with 72% of the vote. He served as mayor until 2013. On October 16, 2013, Booker won a special election to the U.S. Senate after the death of Sen. Frank Lautenberg (D). Booker was re-elected to the U.S. Senate on November 4, 2014. In 2016, Booker published a memoir titled United: Thoughts on Finding Common Ground and Advancing the Common Good.

NVIDIA Company Profile

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company’s offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.