Manning & Napier Advisors LLC Sells 320,275 Shares of NVIDIA Corporation $NVDA

Key Points

• Manning & Napier Advisors reduced its NVIDIA stake by 14.8%, selling 320,275 shares and retaining 1.84 million shares valued at approximately $368.1 million. NVIDIA remains the fund’s largest holding, representing 4.7% of its portfolio.
• Institutional ownership remains substantial at 65.27%, although NVIDIA insiders have also been selling shares, including director Mark A. Stevens and CFO Colette Kress. Insiders sold approximately $399.5 million of stock over the past three months.
• NVIDIA reported strong quarterly results, with revenue rising 105.9% year over year to $96.22 billion and EPS exceeding estimates. The company authorized a $150 billion share-repurchase program, while analysts maintain a consensus “Buy” rating and an average price target of $321.89.

Manning & Napier Advisors LLC decreased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,839,646 shares of the computer hardware maker's stock after selling 320,275 shares during the quarter. NVIDIA makes up 4.7% of Manning & Napier Advisors LLC's holdings, making the stock its largest position. Manning & Napier Advisors LLC's holdings in NVIDIA were worth $368,095,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Boyd Wealth Management LLC increased its stake in NVIDIA by 273.4% during the 2nd quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker's stock worth $1,830,000 after buying an additional 6,696 shares in the last quarter. Ally Financial Inc. lifted its position in shares of NVIDIA by 10.3% in the second quarter. Ally Financial Inc. now owns 172,000 shares of the computer hardware maker's stock valued at $34,415,000 after acquiring an additional 16,000 shares in the last quarter. Altshuler Shaham Ltd lifted its position in shares of NVIDIA by 6,451.9% in the first quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker's stock valued at $111,134,000 after acquiring an additional 627,510 shares in the last quarter. Storen Legacy Partners LLC acquired a new stake in shares of NVIDIA in the fourth quarter worth approximately $1,350,000. Finally, Baker Tilly Wealth Management LLC boosted its stake in shares of NVIDIA by 7.4% in the second 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 last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting NVIDIA

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

Insider Activity

In other NVIDIA news, Director Mark A. 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 value of $144,122,997.18. Following the completion of the transaction, the director owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 34,918 shares of the firm's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total value of $7,648,787.90. Following the completion of the sale, the chief financial officer directly owned 765,103 shares of the company's stock, valued at approximately $167,595,812.15. This trade represents a 4.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,766,118 shares of company stock valued at $399,450,353 in the last three months. 3.94% of the stock is currently owned by company insiders.

NVIDIA Stock Down 0.5%

Shares of NASDAQ:NVDA opened at $229.28 on Friday. NVIDIA Corporation has a 1-year low of $164.27 and a 1-year high of $243.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. The stock has a market cap of $5.53 trillion, a P/E ratio of 28.99, a P/E/G ratio of 1.78 and a beta of 2.22. The firm has a fifty day moving average price of $222.66 and a 200 day moving average price of $209.43.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, beating the consensus estimate 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 revenue was up 105.9% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. Sell-side analysts predict that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA declared that its Board of Directors has initiated a share buyback plan on Monday, September 28th that authorizes the company to repurchase $150.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to reacquire up to 2.8% of its shares through open market purchases. Share repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Itau BBA Securities reduced their price objective on NVIDIA from $256.00 to $218.00 in a research note on Wednesday, June 24th. HSBC upped their target price on shares of NVIDIA from $360.00 to $365.00 in a report on Thursday, August 27th. Raymond James Financial set a $515.00 price target on shares of NVIDIA and gave the stock a "strong-buy" rating in a research report on Thursday, August 27th. DA Davidson reiterated a "buy" rating and issued a $300.00 price objective on shares of NVIDIA in a report on Thursday, August 27th. Finally, China Renaissance boosted their target price on NVIDIA from $319.00 to $330.00 and gave the stock a "buy" rating in a report on Monday, August 31st. Five investment analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NVIDIA has an average rating of "Buy" and a consensus price target of $321.89.

NVIDIA 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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