Meiji Yasuda Asset Management Co Ltd. Reduces Holdings in NVIDIA Corporation $NVDA

Key Points

• Meiji Yasuda Asset Management cut its NVIDIA stake by 9.9% in the second quarter, selling 48,777 shares and retaining 442,231 shares worth approximately $88.5 million. NVIDIA remains the firm’s largest holding, representing 4% of its portfolio.
• NVIDIA reported strong quarterly results, with revenue up 105.9% year over year to $96.22 billion and EPS of $2.22, exceeding expectations. Analysts maintain a consensus “Buy” rating with an average price target of $321.89, while the company authorized a $150 billion share-repurchase program.
• Institutional investors own 65.27% of NVIDIA, although insiders have sold substantial shares recently, including more than $399 million over the past three months. Positive AI demand signals are offset by concerns about AI monetization, tighter infrastructure financing conditions and legal risks surrounding a proposed Groq transaction.

Meiji Yasuda Asset Management Co Ltd. lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 442,231 shares of the computer hardware maker's stock after selling 48,777 shares during the quarter. NVIDIA accounts for 4.0% of Meiji Yasuda Asset Management Co Ltd.'s investment portfolio, making the stock its largest position. Meiji Yasuda Asset Management Co Ltd.'s holdings in NVIDIA were worth $88,486,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in NVIDIA by 2.1% in the first quarter. Bank of America Corp DE now owns 191,200,989 shares of the computer hardware maker's stock valued at $33,345,453,000 after acquiring an additional 4,019,505 shares during the last quarter. Invesco Ltd. increased its stake in shares of NVIDIA by 0.3% during the 4th quarter. Invesco Ltd. now owns 143,239,504 shares of the computer hardware maker's stock worth $26,714,167,000 after purchasing an additional 446,178 shares during the last quarter. J. Stern & Co. LLP raised its holdings in shares of NVIDIA by 13,709.1% in the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker's stock worth $23,454,297,000 after purchasing an additional 124,849,603 shares during the period. Amundi lifted its stake in NVIDIA by 10.4% in the first quarter. Amundi now owns 133,768,018 shares of the computer hardware maker's stock valued at $23,329,141,000 after purchasing an additional 12,575,177 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in NVIDIA by 2.3% in the second quarter. Deutsche Bank AG now owns 91,954,159 shares of the computer hardware maker's stock valued at $18,399,108,000 after purchasing an additional 2,045,101 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: SpaceX is reportedly seeking approximately $40 billion in debt financing to purchase NVIDIA GPUs, potentially creating a major future order and reinforcing demand for the company’s data-center products. Apollo, banks in talks to finance SpaceX's $40 billion Nvidia GPU purchase
• Positive Sentiment: TSMC reported record quarterly revenue of roughly $46.7 billion, up 50% year over year, indicating that demand for advanced AI processors—including NVIDIA’s products—remains robust. Nvidia and AMD fuel a $46.7B TSMC quarter
• Positive Sentiment: NVIDIA committed $1 billion over five years to U.S. science initiatives spanning artificial intelligence, quantum computing, healthcare and energy security. The investment may strengthen government relationships and expand long-term technology adoption. NVIDIA Commits $1 Billion to Advance US Science
• Positive Sentiment: BNP Paribas Exane upgraded NVIDIA to “strong buy,” while Microsoft and PC manufacturers unveiled systems using NVIDIA’s RTX Spark chips, supporting expansion into local and personal AI computing. NVIDIA Stock Lifted to Strong-Buy
• Neutral Sentiment: A large options trade reportedly bets on additional upside, but the signal is speculative and does not change NVIDIA’s underlying earnings outlook. Nvidia Stock Slips. A Big Options Trade Signals Where It Might Go Next
• Negative Sentiment: OpenAI’s reported annualized revenue of about $50 billion was below a previously circulated $68 billion figure, prompting a selloff across AI stocks and raising questions about the pace of AI monetization. Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report
• Negative Sentiment: Firmus, an NVIDIA-backed cloud-computing company, abandoned plans for a major Australian IPO, citing market conditions. The failed offering highlights tightening investor appetite for AI infrastructure financing. NVIDIA’s proposed $20 billion Groq transaction also faces a Delaware lawsuit alleging improper deal structuring, adding legal risk. Nvidia-Backed Firmus Scraps Australian IPO

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 34,918 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total value of $7,648,787.90. Following the sale, the chief financial officer owned 765,103 shares in the company, valued at approximately $167,595,812.15. This trade represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction on Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the sale, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at $598,810,648. This represents a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,766,118 shares of company stock valued at $399,450,353 in the last three months. Company insiders own 3.94% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. DA Davidson reissued a "buy" rating and issued a $300.00 target price on shares of NVIDIA in a research report on Thursday, August 27th. Zacks Research raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 21st. Sanford C. Bernstein reiterated a "buy" rating on shares of NVIDIA in a research note on Monday, September 21st. Morgan Stanley set a $230.00 price objective on NVIDIA in a research note on Friday, October 2nd. Finally, BMO Capital Markets set a $340.00 price objective on shares of NVIDIA and gave the company an "outperform" rating in a report on Thursday, August 20th. Five investment analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, NVIDIA has a consensus rating of "Buy" and a consensus target price of $321.89.

NVIDIA Stock Down 2.9%

Shares of NASDAQ NVDA opened at $230.48 on Friday. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The company has a market cap of $5.55 trillion, a P/E ratio of 29.14, a P/E/G ratio of 1.83 and a beta of 2.22. NVIDIA Corporation has a 52 week low of $164.27 and a 52 week high of $243.37. The business has a 50-day simple moving average of $222.09 and a two-hundred day simple moving average of $209.29.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The firm had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The company's revenue for the quarter was up 105.9% on a year-over-year basis. Research analysts anticipate that NVIDIA Corporation will post 9.25 earnings per share for the current fiscal year.

NVIDIA announced that its board has authorized a stock repurchase plan on Monday, September 28th that allows the company to repurchase $150.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were paid 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 is currently 12.64%.

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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