Manhattan West Asset Management LLC Buys 11,094 Shares of NVIDIA Corporation $NVDA

Key Points

• Manhattan West Asset Management increased its NVIDIA stake by 6.6% in the second quarter, purchasing 11,094 shares and bringing its holdings to 179,151 shares valued at approximately $35.8 million. NVIDIA represents about 6% of the firm’s portfolio and is its third-largest position.
• Institutional investors and hedge funds collectively own 65.27% of NVIDIA, with several firms adding shares; however, insiders sold roughly $399.5 million of stock over the past 90 days.
• NVIDIA continues to benefit from strong AI demand, including robust AI-server orders and large future-generation GPU commitments. Analysts remain broadly bullish, while the company reported better-than-expected quarterly results and approved a $150 billion share-repurchase authorization.

Manhattan West Asset Management LLC grew its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 179,151 shares of the computer hardware maker's stock after buying an additional 11,094 shares during the quarter. NVIDIA accounts for approximately 6.0% of Manhattan West Asset Management LLC's portfolio, making the stock its 3rd biggest position. Manhattan West Asset Management LLC's holdings in NVIDIA were worth $35,846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Boyd Wealth Management LLC raised its position 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 valued at $1,830,000 after buying an additional 6,696 shares during the last quarter. Altshuler Shaham Ltd boosted its position in NVIDIA by 6,451.9% during the first 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. Storen Legacy Partners LLC purchased a new stake in NVIDIA in the 4th quarter worth approximately $1,350,000. Baker Tilly Wealth Management LLC grew its stake in NVIDIA by 7.4% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 71,898 shares of the computer hardware maker's stock worth $14,386,000 after acquiring an additional 4,958 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in NVIDIA by 3.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 26,652,420 shares of the computer hardware maker's stock valued at $4,970,704,000 after acquiring an additional 936,506 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Strong supplier data reinforced AI demand. Foxconn reported its strongest-ever monthly revenue, helped by accelerating demand for AI servers that use NVIDIA systems. The report gave investors a near-term signal that hyperscaler and data-center spending remains robust. Why is Nvidia stock rising today?
• Positive Sentiment: Large Rubin GPU orders highlighted future growth. AM Intelligence announced firm orders for 20,000 NVIDIA Rubin GPUs for AI factories in India and Malaysia, supporting expectations for continued demand as customers expand beyond current-generation systems. AM Intelligence Expands NVIDIA Vera Rubin AI Factory Buildout
• Positive Sentiment: Analysts and technical signals remained bullish. Coverage pointed to NVIDIA’s central role in frontier AI, robotics and physical AI, while some analysts argued that its forward valuation remains reasonable relative to projected earnings growth. NVIDIA also led IBD’s list of top-performing stocks. The case for Nvidia's stock to march even higher
• Positive Sentiment: Capital-return and ecosystem catalysts added support. NVIDIA’s total share-buyback authorization was reported at $235 billion, and investments in AI startups such as Reflection AI could strengthen its software and developer ecosystem. AI stocks announce major buybacks

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Zacks Research upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Monday, September 21st. Rosenblatt Securities reiterated a "buy" rating and issued a $390.00 target price on shares of NVIDIA in a research note on Tuesday, September 29th. Itau BBA Securities reduced their target price on NVIDIA from $256.00 to $218.00 in a research report on Wednesday, June 24th. TD Cowen reissued a "buy" rating on shares of NVIDIA in a research note on Tuesday, August 18th. Finally, DA Davidson restated a "buy" rating and issued a $300.00 price target on shares of NVIDIA in a report on Thursday, August 27th. Four investment analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $321.89.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 34,918 shares of the business's stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the sale, the chief financial officer directly owned 765,103 shares in the company, valued at $167,595,812.15. The trade was a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the completion of the sale, the director directly owned 2,336,531 shares of the company's stock, valued at $541,187,310.22. The trade was a 21.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,766,118 shares of company stock valued at $399,450,353 over the last ninety days. Corporate insiders own 3.94% of the company's stock.

NVIDIA Price Performance

NVDA stock opened at $238.90 on Tuesday. The company has a market cap of $5.76 trillion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 1.81 and a beta of 2.22. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $219.59 and a two-hundred day moving average price of $208.05. NVIDIA Corporation has a 12-month low of $164.27 and a 12-month high of $240.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The company's quarterly revenue was up 105.9% compared to the same quarter last year. During the same period last year, the business posted $1.05 EPS. As a group, research analysts predict that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA Announces Dividend

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

NVIDIA declared that its board has approved a stock repurchase plan on Monday, September 28th that authorizes the company to repurchase $150.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is 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.

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