Connective Capital Management LLC Buys 27,440 Shares of NVIDIA Corporation $NVDA

Key Points

• Connective Capital Management increased its NVIDIA stake by 1,731.2% in the second quarter, acquiring 27,440 shares for a total position of 29,025 shares valued at approximately $5.8 million.
• Institutional investors own 65.27% of NVIDIA, while insiders have sold 1.77 million shares worth about $399.5 million over the past three months, including significant sales by CFO Colette Kress and director Mark A. Stevens.
• NVIDIA exceeded quarterly earnings and revenue expectations, with revenue up 105.9% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $324.14, while the company announced a quarterly dividend of $0.25 per share.

Connective Capital Management LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1,731.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,025 shares of the computer hardware maker's stock after acquiring an additional 27,440 shares during the quarter. NVIDIA makes up approximately 4.2% of Connective Capital Management LLC's holdings, making the stock its 7th biggest holding. Connective Capital Management LLC's holdings in NVIDIA were worth $5,808,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Waverly Advisors LLC raised its stake in shares of NVIDIA by 8.7% in the second quarter. Waverly Advisors LLC now owns 1,443,734 shares of the computer hardware maker's stock worth $288,877,000 after acquiring an additional 115,316 shares during the last quarter. Carmignac Gestion grew its stake in shares of NVIDIA by 5.0% during the second quarter. Carmignac Gestion now owns 4,795,726 shares of the computer hardware maker's stock valued at $959,397,000 after purchasing an additional 229,282 shares during the last quarter. Empirical Finance LLC grew its stake in shares of NVIDIA by 3.5% during the second quarter. Empirical Finance LLC now owns 844,676 shares of the computer hardware maker's stock valued at $169,011,000 after purchasing an additional 28,693 shares during the last quarter. Nykredit A S acquired a new stake in shares of NVIDIA in the second quarter valued at approximately $1,813,246,000. Finally, MLG Wealth Management DBA Pine Grove Financial Group increased its holdings in shares of NVIDIA by 5.0% in the second quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 19,481 shares of the computer hardware maker's stock valued at $3,873,000 after purchasing an additional 929 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 34,918 shares of the company's 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 completion of the sale, the chief financial officer owned 765,103 shares in the company, valued at $167,595,812.15. This represents a 4.36% decrease in their position. The transaction was disclosed in a filing 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 A. Stevens sold 622,239 shares of the company's stock in a transaction on Friday, September 4th. The shares were 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 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,766,118 shares of company stock worth $399,450,353. Company insiders own 3.94% of the company's stock.

NVIDIA Price Performance

NVIDIA stock opened at $225.07 on Monday. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $5.42 trillion, a P/E ratio of 28.45, a PEG ratio of 1.74 and a beta of 2.22. The business has a 50-day moving average of $216.52 and a 200-day moving average of $206.02. NVIDIA Corporation has a 1 year low of $164.27 and a 1 year high of $236.54.

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 for the quarter, beating 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 business had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. During the same period last year, the company posted $1.05 EPS. NVIDIA's revenue for the quarter was up 105.9% on a year-over-year basis. On average, equities analysts anticipate that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA Announces Dividend

The company 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 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th. NVIDIA's dividend payout ratio is presently 12.64%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NVDA shares. China Renaissance upped their price objective on NVIDIA from $319.00 to $330.00 and gave the stock a "buy" rating in a report on Monday, August 31st. Itau BBA Securities lowered their target price on NVIDIA from $256.00 to $218.00 in a research note on Wednesday, June 24th. Needham & Company LLC restated a "buy" rating and set a $300.00 target price on shares of NVIDIA in a research report on Friday, September 4th. Rosenblatt Securities reaffirmed a "buy" rating and set a $390.00 price target on shares of NVIDIA in a research note on Friday, September 4th. Finally, Truist Financial raised their price target on NVIDIA from $307.00 to $346.00 and gave the company a "buy" rating in a report on Thursday, August 27th. Four equities research analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $324.14.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Elon Musk said xAI’s Colossus 2 data center could more than double its NVIDIA chip count by year-end. The facility reportedly already uses 110,000 GB200 and 440,000 GB300 GPUs, reinforcing expectations for large hyperscaler and AI-lab orders. xAI Colossus 2 chip deployment article
• Positive Sentiment: Industry commentary indicates NVIDIA GPU demand is so strong that even poorly built cloud infrastructure can attract customers at healthy margins. This supports the view that AI compute demand still exceeds available supply. NVIDIA GPU demand article
• Positive Sentiment: RMX Industries placed an order for NVIDIA H200 GPU systems through Technologent, providing another example of demand for NVIDIA’s data-center products. Super Micro’s shipment of Vera Rubin NVL72 racks also signals that next-generation systems are reaching customers. RMX H200 purchase order article
• Positive Sentiment: Analysts continue to favor NVIDIA over competing AI-chip names such as Micron and Marvell, citing broader AI exposure, stronger margins and higher returns on equity. Bullish coverage also points to a potential Vera Rubin volume ramp and substantial cloud infrastructure backlogs. Micron versus NVIDIA analysis
• Neutral Sentiment: Extended U.S.-China trade discussions may eventually improve NVIDIA’s China opportunity, but export restrictions remain unresolved. The stock is also testing important technical levels after a strong recent advance. NVIDIA technical and China outlook article
• Negative Sentiment: EVP Timothy Teter sold approximately $6.8 million of NVIDIA shares under a pre-arranged Rule 10b5-1 plan. The sale was only about 1.1% of his holdings and does not indicate a fundamental change, but it may weigh on sentiment alongside broader reports of insider profit-taking. NVIDIA insider sale article
• Negative Sentiment: Higher memory costs are expected to pressure NVIDIA’s gross margins, while rising Treasury yields could compress the valuation of high-growth technology stocks. Investors are therefore balancing exceptional AI demand against increasing supply-chain costs and macroeconomic risk.

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.

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