Manhattan West Asset Management LLC Decreases Stake in NVIDIA Corporation $NVDA

Key Points

• Manhattan West Asset Management trimmed its NVIDIA stake by 4.4% in the fourth quarter, selling 6,567 shares and leaving it with 141,986 shares valued at about $26.48 million.
• NVIDIA’s latest earnings beat expectations, with EPS of $1.87 on revenue of $81.62 billion, while revenue jumped 85.2% year over year.
• The company also boosted shareholder returns by raising its quarterly dividend to $0.25 per share and approving an additional $80 billion stock buyback plan.

Manhattan West Asset Management LLC lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 141,986 shares of the computer hardware maker's stock after selling 6,567 shares during the quarter. NVIDIA makes up 5.4% of Manhattan West Asset Management LLC's holdings, making the stock its biggest holding. Manhattan West Asset Management LLC's holdings in NVIDIA were worth $26,480,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp grew its stake in shares of NVIDIA by 1.0% during the second quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker's stock worth $154,556,803,000 after buying an additional 9,554,857 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of NVIDIA by 1.5% in the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker's stock worth $91,150,170,000 after purchasing an additional 8,521,936 shares during the last quarter. Norges Bank bought a new stake in shares of NVIDIA in the second quarter worth $51,386,863,000. Legal & General Group Plc grew its stake in shares of NVIDIA by 1.5% in the third quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker's stock worth $33,808,862,000 after purchasing an additional 2,609,560 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in shares of NVIDIA by 16.1% in the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock worth $30,855,564,000 after purchasing an additional 22,896,705 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

NVDA stock opened at $215.33 on Tuesday. The stock has a market capitalization of $5.21 trillion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 0.67 and a beta of 2.25. The company's 50-day moving average is $196.74 and its 200-day moving average is $189.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 3.24. NVIDIA Corporation has a 1 year low of $129.16 and a 1 year high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.11. The company had revenue of $81.62 billion for the quarter, compared to analysts' expectations of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The business's revenue was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 EPS. Equities research analysts expect that NVIDIA Corporation will post 7.98 EPS for the current fiscal year.

NVIDIA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be issued a $0.25 dividend. The ex-dividend date is Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from NVIDIA's previous quarterly dividend of $0.01. NVIDIA's dividend payout ratio (DPR) is currently 0.61%.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NVDA. Wells Fargo & Company reissued an "overweight" rating and issued a $315.00 price objective (up from $265.00) on shares of NVIDIA in a research note on Tuesday, May 12th. Bank of America reissued a "buy" rating and issued a $350.00 price objective (up from $320.00) on shares of NVIDIA in a research note on Thursday. New Street Research cut their price target on shares of NVIDIA from $343.00 to $340.00 in a research report on Thursday, May 21st. Evercore reaffirmed an "outperform" rating and set a $413.00 price target (up from $352.00) on shares of NVIDIA in a research report on Thursday. Finally, Susquehanna reaffirmed a "positive" rating and set a $275.00 price target (up from $250.00) on shares of NVIDIA in a research report on Tuesday, May 12th. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $303.27.

Insider Buying and Selling

In related news, CFO Colette Kress sold 20,000 shares of the company's stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $174.89, for a total value of $3,497,800.00. Following the sale, the chief financial officer owned 83,060 shares in the company, valued at $14,526,363.40. This represents a 19.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 221,682 shares of the company's stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $173.68, for a total transaction of $38,501,729.76. Following the completion of the sale, the director owned 7,399,771 shares in the company, valued at $1,285,192,227.28. This represents a 2.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 906,336 shares of company stock worth $162,802,518 over the last ninety days. Insiders own 4.17% of the company's stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s latest results continued to reinforce the AI growth narrative, with articles highlighting record revenue, strong EPS growth, and management’s confidence in sustained data-center demand through 2030.
• Positive Sentiment: Several reports pointed to upside catalysts for NVDA, including bullish price-target commentary, claims that the market is underestimating AI infrastructure spending, and views that the stock still has room to run despite its huge rally.
• Positive Sentiment: Investor-friendly capital returns are also supporting sentiment, as NVIDIA boosted its dividend and approved an additional $80 billion in buybacks, signaling confidence in future cash generation.
• Neutral Sentiment: Multiple pieces focused on technical trading rather than business fundamentals, noting that NVIDIA is pulling back toward key support and that traders are watching whether the 20-day moving average holds. Nvidia (NVDA) Price Forecast: Pullback Tests Trend Structure
• Neutral Sentiment: Broader market commentary remains split, with some articles questioning AI’s hidden costs or warning about a narrow leadership trade, which may be encouraging investors to lock in gains after the stock’s strong multi-month advance.
• Negative Sentiment: Regulatory and competitive headlines added some caution, including reports that Jensen Huang urged Super Micro to tighten compliance amid Taiwan scrutiny and that Huawei is advancing its chip efforts, which could intensify long-term competition in semiconductors.

About NVIDIA

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.

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.