NVIDIA Corporation $NVDA is MFG Wealth Management Inc.'s Largest Position

Key Points

• MFG Wealth Management Inc. reduced its holdings in NVIDIA by 5.3% during the second quarter, retaining 28,832 shares valued at approximately $4.55 million.
• Institutional investors collectively own 65.27% of NVIDIA's stock, indicating strong institutional interest and recent significant acquisitions, including a new position by Nuveen LLC worth about $15.09 billion.
• NVIDIA’s quarterly earnings beat estimates with an EPS of $1.05 and a revenue of $46.74 billion, reflecting a 55.6% year-over-year increase.

MFG Wealth Management Inc. trimmed its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,832 shares of the computer hardware maker's stock after selling 1,624 shares during the quarter. NVIDIA accounts for about 3.8% of MFG Wealth Management Inc.'s holdings, making the stock its largest position. MFG Wealth Management Inc.'s holdings in NVIDIA were worth $4,555,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Riversedge Advisors LLC raised its stake in shares of NVIDIA by 12.6% during the 2nd quarter. Riversedge Advisors LLC now owns 25,188 shares of the computer hardware maker's stock valued at $3,979,000 after purchasing an additional 2,812 shares during the period. Connective Portfolio Management LLC increased its stake in NVIDIA by 70.2% in the 2nd quarter. Connective Portfolio Management LLC now owns 19,390 shares of the computer hardware maker's stock worth $3,010,000 after acquiring an additional 8,000 shares during the last quarter. WestHill Financial Advisors Inc. increased its stake in NVIDIA by 4.5% in the 2nd quarter. WestHill Financial Advisors Inc. now owns 9,951 shares of the computer hardware maker's stock worth $1,572,000 after acquiring an additional 428 shares during the last quarter. Beacon Financial Group increased its stake in NVIDIA by 5.0% in the 2nd quarter. Beacon Financial Group now owns 91,106 shares of the computer hardware maker's stock worth $14,394,000 after acquiring an additional 4,376 shares during the last quarter. Finally, Reyes Financial Architecture Inc. increased its stake in NVIDIA by 32.9% in the 2nd quarter. Reyes Financial Architecture Inc. now owns 4,630 shares of the computer hardware maker's stock worth $732,000 after acquiring an additional 1,145 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NVDA. KeyCorp restated an "overweight" rating and issued a $230.00 target price (up from $215.00) on shares of NVIDIA in a research note on Thursday, August 28th. Mizuho upped their target price on NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research note on Thursday, August 14th. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. New Street Research upped their target price on NVIDIA from $200.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $225.00 target price (up from $185.00) on shares of NVIDIA in a research note on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $208.47.

Insider Buying and Selling

In related news, CFO Colette Kress sold 30,500 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the completion of the sale, the chief financial officer directly owned 2,883,402 shares in the company, valued at $508,632,112.80. This represents a 1.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen C. Neal sold 28,000 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $177.58, for a total value of $4,972,240.00. Following the sale, the director owned 143,410 shares of the company's stock, valued at $25,466,747.80. This represents a 16.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,914,341 shares of company stock valued at $662,228,310. 4.17% of the stock is owned by insiders.

NVIDIA Price Performance

Shares of NVDA traded up $6.94 during midday trading on Monday, reaching $183.61. The stock had a trading volume of 268,372,112 shares, compared to its average volume of 180,339,776. The company's 50-day moving average is $175.73 and its 200 day moving average is $143.85. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.55. 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 capitalization of $4.46 trillion, a price-to-earnings ratio of 52.31, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10.

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

NVIDIA Dividend Announcement

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

NVIDIA 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.