268,305 NVIDIA Corporation $NVDA Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company reduced its NVIDIA position by 1.4%, selling 268,305 shares, but still held 19.01 million shares valued at approximately $3.8 billion. Institutional investors own 65.27% of NVIDIA.
• Analyst sentiment remains strongly positive, with five Strong Buy ratings and 49 Buy ratings; the consensus price target is $321.89, above the reported $229.28 share price.
• NVIDIA reported quarterly earnings and revenue above expectations, with EPS of $2.22 and revenue of $96.22 billion, while also authorizing a $150 billion share-repurchase program.

The Manufacturers Life Insurance Company cut its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,009,807 shares of the computer hardware maker's stock after selling 268,305 shares during the quarter. NVIDIA makes up approximately 3.0% of The Manufacturers Life Insurance Company's investment portfolio, making the stock its 3rd largest holding. The Manufacturers Life Insurance Company owned about 0.08% of NVIDIA worth $3,803,526,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in shares of NVIDIA by 25.7% in the 2nd quarter. Jones Financial Companies Lllp now owns 15,105,851 shares of the computer hardware maker's stock valued at $2,911,353,000 after buying an additional 3,087,398 shares in the last quarter. Sone Capital Management LLC raised its stake in shares of NVIDIA by 6.9% during the 2nd quarter. Sone Capital Management LLC now owns 82,325 shares of the computer hardware maker's stock worth $16,472,000 after acquiring an additional 5,328 shares in the last quarter. Trajan Wealth LLC raised its stake in shares of NVIDIA by 30.6% during the 2nd quarter. Trajan Wealth LLC now owns 263,756 shares of the computer hardware maker's stock worth $52,775,000 after acquiring an additional 61,748 shares in the last quarter. Veratis Advisors Inc. bought a new position in shares of NVIDIA during the 2nd quarter worth approximately $867,000. Finally, Verity Asset Management Inc. raised its stake in shares of NVIDIA by 2.6% during the 2nd quarter. Verity Asset Management Inc. now owns 16,667 shares of the computer hardware maker's stock worth $3,335,000 after acquiring an additional 419 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NVDA shares. KeyCorp reissued an "overweight" rating and set a $330.00 target price on shares of NVIDIA in a research report on Monday, August 24th. Wedbush lifted their price target on shares of NVIDIA from $330.00 to $345.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Benchmark reaffirmed a "buy" rating and set a $335.00 price target on shares of NVIDIA in a research report on Thursday, August 27th. Citigroup reaffirmed a "buy" rating and set a $315.00 price target (up from $300.00) on shares of NVIDIA in a research report on Thursday, August 27th. Finally, Truist Financial increased their price objective on NVIDIA from $307.00 to $346.00 and gave the company a "buy" rating in a report on Thursday, August 27th. Five investment analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, NVIDIA has an average rating of "Buy" and an average target price of $321.89.

Insider Activity at NVIDIA

In other NVIDIA news, EVP Timothy S. Teter sold 30,460 shares of the firm's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the transaction, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at approximately $598,810,648. This trade represents a 1.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of NVIDIA stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the sale, the director owned 2,336,531 shares of the company's stock, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,766,118 shares of company stock worth $399,450,353 over the last quarter. Insiders own 3.94% of the company's stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: AI infrastructure demand remains robust. TSMC reported third-quarter revenue growth of 50%, while analysts cited continued hyperscaler spending and projected U.S. data-center capital expenditures of roughly $2 trillion next year—supportive of NVIDIA’s accelerator demand. NVIDIA AI spending outlook
• Positive Sentiment: SpaceX reportedly plans to raise as much as $40 billion to purchase NVIDIA AI chips, highlighting the scale of demand from emerging AI customers. NVIDIA also committed $1 billion over five years to U.S. scientific research in areas including quantum computing, healthcare and energy security. SpaceX NVIDIA chip purchase report
• Neutral Sentiment: Options activity is mixed: a large bullish trade suggests some investors expect further gains, but heavier put buying in the semiconductor ETF indicates increased hedging and caution across the chip sector. Technical analysts also see resistance near $235 and potential support around $215–$220. NVIDIA and semiconductor options activity
• Negative Sentiment: Investors remain concerned that AI spending may be debt-funded and approaching a peak. The withdrawal of NVIDIA-backed Firmus Grid’s proposed multibillion-dollar IPO, alongside reports that OpenAI’s annualized revenue was below earlier expectations, has raised questions about AI infrastructure valuations and customer funding. Firmus IPO withdrawal
• Negative Sentiment: Leadership and governance headlines add limited uncertainty: NVIDIA’s head of corporate communications left after roughly four months, while a legal challenge to the company’s Groq technology transaction could create additional execution and reputational risk. NVIDIA communications chief departure

NVIDIA Stock Down 0.5%

NASDAQ:NVDA opened at $229.28 on Friday. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $243.37. The company has a market cap of $5.53 trillion, a PE ratio of 28.99, a P/E/G ratio of 1.77 and a beta of 2.22. The company's 50 day moving average is $222.66 and its two-hundred day moving average is $209.43.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly 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. The business had revenue of $96.22 billion during the quarter, compared to analysts' expectations of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business's quarterly revenue was up 105.9% on a year-over-year basis. During the same quarter last year, the company posted $1.05 earnings per share. Analysts anticipate that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, September 10th. NVIDIA's payout ratio is presently 12.64%.

NVIDIA announced that its Board of Directors has approved a share repurchase program on Monday, September 28th that authorizes the company to buy back $150.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to purchase up to 2.8% of its shares through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its shares are undervalued.

NVIDIA Company Profile

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company's products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.

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.