Senator Angus S. King Jr., an Independent from Maine, has made headlines with his recent investment in NVIDIA Corporation (NASDAQ: NVDA). According to a filing disclosed on August 18, the Senator purchased between $1,001 and $15,000 in NVIDIA stock on July 21, 2025. This move aligns with a series of significant investments the Senator made on the same day across multiple high-profile companies.
In addition to NVIDIA, Senator King acquired shares in several other major firms, including JPMorgan Chase & Co. (NYSE: JPM), Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOGL), Exxon Mobil (NYSE: XOM), Lowe’s Companies (NYSE: LOW), Arista Networks (NYSE: ANET), Uber Technologies (NYSE: UBER), Netflix (NASDAQ: NFLX), PayPal (NASDAQ: PYPL), and Quanta Services (NYSE: PWR). Each of these transactions fell within the same monetary range of $1,001 to $15,000, showcasing a diversified approach to his investment strategy.
NVIDIA’s Recent Financial Performance
Shares of NVIDIA opened at $174.98 on the trading day following the Senator’s investment. The company has demonstrated strong financial metrics, with a quick ratio of 2.96, a current ratio of 3.39, and a low debt-to-equity ratio of 0.10. Over the past year, NVIDIA’s stock has ranged from a low of $86.62 to a high of $184.48.
On May 28, NVIDIA reported its quarterly earnings, revealing earnings per share (EPS) of $0.81, which was below the consensus estimate of $0.87. Nonetheless, the company achieved a remarkable 69.2% increase in revenue year-over-year, totaling $44.06 billion for the quarter, exceeding analysts’ expectations of $43.09 billion. This performance resulted in a return on equity of 105.09% and a net margin of 51.69%.
Dividend Announcement and Insider Activity
NVIDIA also recently declared a quarterly dividend of $0.01 per share, which was paid to shareholders on July 3. This dividend represents an annualized yield of 0.0% and adds to the company’s ongoing commitment to returning value to its shareholders.
In insider trading news, Director Mark A. Stevens sold 935,000 shares of the company on June 3 at an average price of $140.92, totaling approximately $131.76 million. Following this transaction, he retained 9,214,697 shares, valued at about $1.3 billion. Similarly, Executive Vice President Ajay K. Puri sold 168,195 shares on June 25 for roughly $25.67 million. These sales reflect a trend of insider activity, with 5,912,440 shares sold in total over the past three months, amounting to nearly $902.89 million.
Analyst Outlook and Institutional Investment
The stock has attracted significant attention from analysts, with Raymond James Financial raising its price target for NVIDIA from $150.00 to $165.00, issuing a “strong-buy” rating. Needham & Company LLC has a target price of $200.00, while Phillip Securities upgraded their rating from “moderate buy” to “strong-buy.” Overall, the stock has received strong endorsements, boasting four “strong buy” ratings, thirty-two “buy” ratings, five “hold” ratings, and one “sell” rating.
Institutional investors have also shown increased interest, with hedge funds and asset management firms acquiring new stakes in NVIDIA. Recent investments include Harbor Asset Planning Inc., Winnow Wealth LLC, and Longfellow Investment Management Co. LLC, which have all made notable purchases in the second quarter. Currently, institutional investors hold approximately 65.27% of NVIDIA’s stock.
Senator Angus S. King Jr. continues to shape his investment portfolio with strategic choices in prominent technology firms, reflecting a broader trend among public officials engaging in stock investments. His recent purchases not only highlight confidence in NVIDIA’s performance but also demonstrate a commitment to diversifying investments across multiple sectors.