Meeder Asset Management Inc. Buys 23,030 Shares of NVIDIA Corporation $NVDA

Key Points

• Meeder Asset Management increased its NVIDIA stake by 3.5% in the second quarter, purchasing 23,030 shares to hold 678,626 shares valued at approximately $135.8 million. NVIDIA now represents about 6.9% of Meeder’s portfolio and is its largest position.
• Institutional and hedge-fund ownership remains substantial at 65.27%, while analysts maintain a broadly bullish view with an average “Buy” rating and a $324.14 price target. NVIDIA also authorized an additional $150 billion share-repurchase plan, bringing total buyback capacity to $235 billion through 2028.
• NVIDIA reported quarterly revenue of $96.22 billion and EPS of $2.22, beating analyst estimates, but executives have sold shares under pre-arranged trading plans. The stock opened at $230.86, near its one-year high of $236.54, as investors weigh continued AI demand against concerns about customer financing, overinvestment and competition from China.

Meeder Asset Management Inc. raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 678,626 shares of the computer hardware maker's stock after acquiring an additional 23,030 shares during the period. NVIDIA comprises about 6.9% of Meeder Asset Management Inc.'s investment portfolio, making the stock its largest position. Meeder Asset Management Inc.'s holdings in NVIDIA were worth $135,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Boyd Wealth Management LLC raised its position in NVIDIA by 273.4% in the 2nd quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker's stock worth $1,830,000 after purchasing an additional 6,696 shares during the last quarter. Altshuler Shaham Ltd lifted its stake in 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 buying an additional 627,510 shares during the period. Storen Legacy Partners LLC acquired a new position in NVIDIA in the fourth quarter valued at about $1,350,000. Baker Tilly Wealth Management LLC boosted its holdings in NVIDIA by 7.4% during 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 buying an additional 4,958 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in NVIDIA by 3.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 26,652,420 shares of the computer hardware maker's stock worth $4,970,704,000 after buying an additional 936,506 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Barclays raised its estimate for NVIDIA’s 2027 hyperscaler revenue to approximately $401 billion, above its prior $370 billion forecast. The estimate reflects accelerating data-center investment by major cloud providers. Nvidia stock gains as Barclays sees $401B hyperscaler revenue in 2027
• Positive Sentiment: NVIDIA authorized an additional $150 billion share repurchase, bringing total buyback capacity to $235 billion through 2028. The move signals management confidence in future cash generation and could support earnings per share. Nvidia authorizes $150B buyback
• Positive Sentiment: Analysts remain constructive: Cantor Fitzgerald reaffirmed an overweight rating with a $350 price target, while other coverage highlights NVIDIA’s strong earnings prospects, rising cash flow and demand for its Vera Rubin platform. 2 Growth Stocks With Strong Earnings Prospects to Buy in October
• Positive Sentiment: New ecosystem activity, including NVIDIA’s participation in GMI Cloud’s $668 million financing and expanded digital-twin and AI-safety initiatives, reinforces demand for its full-stack AI platform.
• Neutral Sentiment: The stock is nearing its all-time high, making upcoming hyperscaler capital-expenditure updates and future earnings results important catalysts for sustaining momentum. Nvidia stock approaches record territory
• Negative Sentiment: Investors are debating NVIDIA’s financing arrangements for AI customers, which critics describe as potentially circular. Concerns about customer credit quality and overinvestment could increase volatility if AI infrastructure spending slows. Nvidia’s bet that its chips can finance the AI boom
• Negative Sentiment: China’s efforts to develop software for Huawei’s competing AI chips and the broader risk of hyperscaler CapEx fatigue remain longer-term threats to NVIDIA’s market share and valuation.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of recent analyst reports. Oppenheimer set a $315.00 price target on NVIDIA and gave the company an "outperform" rating in a research note on Thursday, August 27th. BMO Capital Markets set a $340.00 target price on shares of NVIDIA and gave the company an "outperform" rating in a research note on Thursday, August 20th. HSBC lifted their price target on shares of NVIDIA from $360.00 to $365.00 in a research report on Thursday, August 27th. Rothschild & Co Redburn boosted their price target on shares of NVIDIA from $300.00 to $325.00 in a report on Thursday, August 27th. Finally, Truist Financial raised their price objective on NVIDIA from $307.00 to $346.00 and gave the stock a "buy" rating in a research note on Thursday, August 27th. Four equities research 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $324.14.

Insiders Place Their Bets

In related news, EVP Timothy S. Teter sold 30,460 shares of the business's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $222.80, for a total value of $6,786,488.00. Following the completion of the sale, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $598,810,648. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of the company's stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following 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 have sold 1,766,118 shares of company stock worth $399,450,353 in the last 90 days. Company insiders own 3.94% of the company's stock.

NVIDIA Trading Up 1.1%

NVIDIA stock opened at $230.86 on Friday. The company has a market cap of $5.56 trillion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 1.76 and a beta of 2.22. The firm has a 50-day moving average of $218.20 and a 200-day moving average of $207.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. NVIDIA Corporation has a one year low of $164.27 and a one year high of $236.54.

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 the consensus estimate of $2.09 by $0.13. The firm had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The company's quarterly revenue was up 105.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 earnings per share. On average, equities analysts expect that NVIDIA Corporation will post 9.25 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

NVIDIA announced that its Board of Directors has authorized a share 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 buy up to 2.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

About NVIDIA

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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