Meeder Asset Management Inc. Boosts Stock Position in NVIDIA Corporation $NVDA

Key Points

• Meeder Asset Management Inc. increased its position in NVIDIA shares by 6.7%, now owning 605,411 shares valued at approximately $65.6 million, making NVIDIA its 6th largest position.
• Recent insider sales include Mark A. Stevens selling 935,000 shares and CEO Jen Hsun Huang selling 75,000 shares, indicating a decrease in their respective holdings.
• Wall Street analysts are optimistic, with multiple firms raising their price targets, resulting in NVIDIA's average rating of "Moderate Buy" and a price target of $207.69.

Meeder Asset Management Inc. raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 605,411 shares of the computer hardware maker's stock after acquiring an additional 38,081 shares during the period. NVIDIA makes up 4.4% of Meeder Asset Management Inc.'s holdings, making the stock its 6th largest position. Meeder Asset Management Inc.'s holdings in NVIDIA were worth $65,614,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Astoria Portfolio Advisors LLC. increased its position in shares of NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares during the period. Centerpoint Advisory Group increased its position in shares of NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after purchasing an additional 943 shares during the period. GSB Wealth Management LLC increased its position in shares of NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after purchasing an additional 1,043 shares during the period. Variant Private Wealth LLC increased its position in shares of NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after purchasing an additional 3,206 shares during the period. Finally, Financial Perspectives Inc increased its position in shares of NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Down 3.3%

NVDA traded down $5.99 during trading on Friday, reaching $174.18. 242,604,296 shares of the stock traded hands, compared to its average volume of 168,293,824. The stock has a market cap of $4.23 trillion, a price-to-earnings ratio of 49.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.14. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 2.96. The stock's 50-day simple moving average is $170.83 and its two-hundred day simple moving average is $139.08.

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

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup restated a "buy" rating and issued a $210.00 target price (up from $190.00) on shares of NVIDIA in a report on Thursday. Needham & Company LLC restated a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a report on Thursday. Wedbush restated an "outperform" rating and issued a $210.00 target price on shares of NVIDIA in a report on Thursday. Evercore ISI raised their target price on NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Finally, TD Cowen raised their target price on NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $207.69.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $179.76, for a total value of $13,482,000.00. Following the completion of the sale, the chief executive officer owned 72,848,225 shares of the company's stock, valued at $13,095,196,926. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer directly owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,862,440 shares of company stock valued at $896,145,782 in the last ninety days. Insiders own 4.17% of the company's stock.

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.