Manhattan West Asset Management LLC Acquires 17,236 Shares of NVIDIA Corporation $NVDA

Key Points

• Manhattan West Asset Management LLC increased its holdings in NVIDIA Corporation by 15.6%, owning 127,602 shares valued at approximately $13.83 million, which makes NVIDIA their 5th largest stock holding.
• Institutional investors own 65.27% of NVIDIA's stock, with notable increases in holdings from firms such as Goldman Sachs Group Inc., which raised its stake by 123.5%, owning over 187 million shares worth approximately $20.37 billion.
• NVIDIA recently announced a quarterly dividend of $0.01 per share, with an annualized dividend yield of 0.0%, while the company reported a 55.6% year-over-year revenue increase in its latest earnings results.

Manhattan West Asset Management LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,602 shares of the computer hardware maker's stock after acquiring an additional 17,236 shares during the quarter. NVIDIA comprises 3.5% of Manhattan West Asset Management LLC's holdings, making the stock its 5th largest position. Manhattan West Asset Management LLC's holdings in NVIDIA were worth $13,830,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. increased its holdings in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares during the period. Copia Wealth Management bought a new position in shares of NVIDIA during the fourth quarter worth approximately $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA during the first quarter worth approximately $51,000. Bruce G. Allen Investments LLC increased its holdings in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the period. Finally, Campbell Capital Management Inc. increased its holdings in shares of NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares during the period. 65.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NVDA. Jefferies Financial Group raised their target price on shares of NVIDIA from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. DA Davidson raised their target price on shares of NVIDIA from $135.00 to $195.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Citigroup lowered their target price on shares of NVIDIA from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Monday. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Finally, Loop Capital lifted their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $207.42.

NVIDIA Price Performance

NVIDIA stock traded up $1.29 during mid-day trading on Monday, reaching $168.31. The company had a trading volume of 161,369,820 shares, compared to its average volume of 172,462,880. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company has a market cap of $4.09 trillion, a P/E ratio of 47.95, a P/E/G ratio of 1.21 and a beta of 2.10. The business has a fifty day simple moving average of $172.94 and a 200 day simple moving average of $140.44.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the business posted $0.68 earnings per share. The company's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Insider Buying and Selling

In other NVIDIA news, Director Dawn E. Hudson sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total value of $3,096,000.00. Following the sale, the director owned 368,887 shares in the company, valued at $63,448,564. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $169.71, for a total transaction of $12,728,250.00. Following the completion of the sale, the chief executive officer owned 72,398,366 shares in the company, valued at $12,286,726,693.86. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,832,755 shares of company stock worth $619,935,680 in the last 90 days. Company insiders own 4.17% of the company's stock.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.