712,888 NVIDIA Corporation $NVDA Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn increased its NVIDIA position by 13.8% in the second quarter, acquiring 712,888 shares for a total holding of 5.89 million shares valued at approximately $1.18 billion. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA reported strong quarterly results, with revenue rising 105.9% year over year to $96.22 billion and EPS of $2.22, exceeding analyst expectations. The company also authorized a $150 billion share-repurchase program.
• Analysts remain broadly bullish, with 49 Buy and five Strong Buy ratings and a consensus price target of $321.89, though insider selling, weaker-than-expected OpenAI revenue figures and legal and financing concerns present risks.

Connor Clark & Lunn Investment Management Ltd. increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,893,585 shares of the computer hardware maker's stock after acquiring an additional 712,888 shares during the quarter. NVIDIA comprises 2.2% of Connor Clark & Lunn Investment Management Ltd.'s investment portfolio, making the stock its 3rd largest holding. Connor Clark & Lunn Investment Management Ltd.'s holdings in NVIDIA were worth $1,179,247,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Clarion Wealth Managment Partners LLC raised its position in shares of NVIDIA by 4.4% in the second quarter. Clarion Wealth Managment Partners LLC now owns 7,664 shares of the computer hardware maker's stock valued at $1,533,000 after purchasing an additional 324 shares during the period. Forefront Analytics LLC boosted its holdings in NVIDIA by 37.2% in the 2nd quarter. Forefront Analytics LLC now owns 19,532 shares of the computer hardware maker's stock worth $3,908,000 after buying an additional 5,291 shares during the period. Arete Wealth Advisors LLC grew its stake in NVIDIA by 4.3% in the 2nd quarter. Arete Wealth Advisors LLC now owns 203,959 shares of the computer hardware maker's stock valued at $40,810,000 after buying an additional 8,383 shares in the last quarter. Te Ahumairangi Investment Management Ltd grew its stake in NVIDIA by 14.7% in the 2nd quarter. Te Ahumairangi Investment Management Ltd now owns 79,778 shares of the computer hardware maker's stock valued at $15,963,000 after buying an additional 10,205 shares in the last quarter. Finally, Mission Financial Group LLC bought a new stake in NVIDIA during the 2nd quarter valued at $1,889,000. Institutional investors own 65.27% of the company's stock.

Key Headlines Impacting 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

NVIDIA Stock Performance

NASDAQ:NVDA opened at $230.48 on Friday. The business has a 50 day moving average of $222.09 and a 200 day moving average of $209.29. The company has a market capitalization of $5.55 trillion, a price-to-earnings ratio of 29.14, a PEG ratio of 1.83 and a beta of 2.22. NVIDIA Corporation has a 1-year low of $164.27 and a 1-year high of $243.37. 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 (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. The business had revenue of $96.22 billion for the quarter, compared to analysts' expectations of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business's quarterly revenue was up 105.9% on a year-over-year basis. During the same period last year, the business earned $1.05 earnings per share. On average, sell-side analysts predict that NVIDIA Corporation will post 9.25 earnings per share for the current fiscal year.

NVIDIA declared that its board has initiated a stock repurchase program on Monday, September 28th that authorizes the company to buyback $150.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were issued a dividend of $0.25 per share. 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 (DPR) is currently 12.64%.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total value of $7,648,787.90. Following the transaction, the chief financial officer owned 765,103 shares in the company, valued at $167,595,812.15. This trade represents a 4.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the business's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction 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 $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,766,118 shares of company stock valued at $399,450,353. Insiders own 3.94% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several recent research reports. Benchmark restated a "buy" rating and set a $335.00 target price on shares of NVIDIA in a research report on Thursday, August 27th. BMO Capital Markets set a $340.00 price target on NVIDIA and gave the company an "outperform" rating in a research report on Thursday, August 20th. Stifel Nicolaus set a $315.00 price objective on NVIDIA in a research note on Thursday, August 27th. Wall Street Zen cut NVIDIA from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 26th. Finally, KeyCorp restated an "overweight" rating and issued a $330.00 target price on shares of NVIDIA in a research note on Monday, August 24th. 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.com, the stock has a consensus rating of "Buy" and a consensus target price of $321.89.

NVIDIA Company Profile

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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