Meridian Management Co. Boosts Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Meridian Management increased its NVIDIA stake by 27.4% in the second quarter, adding 5,383 shares to own 25,044 shares valued at approximately $5.0 million. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA reported quarterly results above expectations, with earnings per share of $2.22 versus a $2.09 estimate and revenue of $96.22 billion versus $92.27 billion expected. Revenue rose 105.9% year over year, while analysts maintain a consensus “Buy” rating and a $324.34 price target.
• Insiders sold substantial amounts of stock recently, including a director’s sale of 622,239 shares worth about $144.1 million; insiders sold 1.74 million shares valued at $392.7 million over the past 90 days. NVIDIA also announced a quarterly dividend of $0.25 per share, yielding 0.4%.

Meridian Management Co. lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 27.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,044 shares of the computer hardware maker's stock after purchasing an additional 5,383 shares during the period. NVIDIA comprises about 1.1% of Meridian Management Co.'s portfolio, making the stock its 19th biggest holding. Meridian Management Co.'s holdings in NVIDIA were worth $5,011,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of 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 worth $33,345,453,000 after acquiring an additional 4,019,505 shares during the period. Invesco Ltd. grew its position 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 valued at $26,714,167,000 after acquiring an additional 446,178 shares during the period. J. Stern & Co. LLP grew its position in shares of NVIDIA by 13,709.1% during the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker's stock valued at $23,454,297,000 after acquiring an additional 124,849,603 shares during the period. Amundi raised its holdings in NVIDIA by 10.4% in the 1st quarter. Amundi now owns 133,768,018 shares of the computer hardware maker's stock worth $23,329,141,000 after purchasing an additional 12,575,177 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in NVIDIA by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker's stock worth $16,479,126,000 after purchasing an additional 555,221 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

NVIDIA stock opened at $228.87 on Wednesday. The company has a fifty day simple moving average of $215.47 and a 200-day simple moving average of $205.09. The firm has a market capitalization of $5.52 trillion, a price-to-earnings ratio of 28.93, a PEG ratio of 1.76 and a beta of 2.22. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week 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 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 the consensus estimate of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The company's revenue for the quarter was up 105.9% on a year-over-year basis. During the same period last year, the firm posted $1.05 earnings per share. On average, equities analysts anticipate that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other news, EVP Timothy Teter sold 30,000 shares of the company's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $217.88, for a total value of $6,536,400.00. Following the completion of the sale, the executive vice president directly owned 2,687,660 shares in the company, valued at $585,587,360.80. This represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the sale, the director directly owned 2,336,531 shares of the company's stock, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,735,658 shares of company stock worth $392,663,865 in the last ninety days. Insiders own 3.94% of the company's stock.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: CEO Jensen Huang pushed back against AI “doomsday” scenarios and argued that existing laws are sufficient, helping ease concerns that overly restrictive regulation could slow AI deployment. Nvidia’s Jensen Huang rejects AI doomsday fears
• Positive Sentiment: Analysts and financial commentators continue to highlight NVIDIA’s earnings momentum, broad AI hardware and networking portfolio, and projected long-term demand. Zacks restored the stock to a Rank #1 “Strong Buy,” while another report cited potential upside from positive earnings revisions. Bull of the Day: NVIDIA Corp.
• Positive Sentiment: Potentially improved access to China is a major catalyst. NVIDIA’s latest forecast reportedly assumes no data-center compute sales to China, leaving upside if the upcoming Trump-Xi discussions lead to licenses or expanded chip shipments. Nvidia’s forecast assumes no data center chip sales to China
• Positive Sentiment: New ecosystem initiatives reinforce NVIDIA’s expansion beyond GPUs. QAD | Redzone plans to integrate NVIDIA technology into manufacturing intelligence, while NVIDIA’s reported roughly $12.9 billion Hugging Face acquisition would add a major developer, model and dataset ecosystem. QAD Redzone Accelerates Manufacturing Intelligence with NVIDIA
• Neutral Sentiment: Investors are increasingly focused on AI infrastructure bottlenecks such as high-bandwidth memory, optical networking, power and cooling. Rising component costs could pressure NVIDIA’s margins, but may also validate demand and strengthen the position of critical suppliers such as Micron, Coherent and Lumentum. NVIDIA just named AI’s next bottleneck
• Negative Sentiment: AMD’s rapid advance is intensifying competitive pressure. Large OpenAI and Oracle commitments, rising data-center revenue and potential pricing power suggest hyperscalers are diversifying away from a single accelerator supplier. AMD chips away at NVIDIA’s AI throne
• Negative Sentiment: Other reports warn that higher interest rates, concentrated AI revenue, expensive infrastructure financing and persistent bubble concerns could weigh on NVIDIA’s richly valued shares. NVIDIA also missed the strongest portion of a Meta-driven chip rally, underscoring lingering growth expectations.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Royal Bank Of Canada raised their price objective on NVIDIA from $300.00 to $330.00 and gave the company an "outperform" rating in a report on Thursday, August 27th. DZ Bank reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, August 26th. Rothschild & Co Redburn increased their target price on NVIDIA from $300.00 to $325.00 in a research report on Thursday, August 27th. JPMorgan Chase & Co. boosted their price target on shares of NVIDIA from $280.00 to $320.00 and gave the stock an "overweight" rating in a report on Thursday, August 27th. Finally, Stifel Nicolaus set a $315.00 price objective on shares of NVIDIA in a research report on Thursday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $324.34.

About NVIDIA

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company's offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific 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.