Connective Portfolio Management LLC Has $3.01 Million Stake in NVIDIA Corporation $NVDA

Key Points

• Connective Portfolio Management LLC increased its stake in NVIDIA Corporation by 70.2% in the second quarter, making the stock its 4th largest position with holdings valued at $3,010,000.
• Several large investors have modified their positions in NVIDIA, with notable increases, including Copia Wealth Management and Cambell Capital Management, reflecting a growing institutional interest in the company.
• NVIDIA recently announced a quarterly dividend of $0.01 per share, with a low dividend payout ratio of 1.14%, showing a focus on reinvesting earnings back into the business.

Connective Portfolio Management LLC lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 70.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,390 shares of the computer hardware maker's stock after purchasing an additional 8,000 shares during the quarter. NVIDIA accounts for approximately 6.4% of Connective Portfolio Management LLC's holdings, making the stock its 4th largest position. Connective Portfolio Management LLC's holdings in NVIDIA were worth $3,010,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Copia Wealth Management acquired a new position in NVIDIA during the fourth quarter worth about $50,000. Kathleen S. Wright Associates Inc. grew its holdings in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the first quarter worth about $51,000. Bruce G. Allen Investments LLC grew its holdings in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares during the period. Finally, Campbell Capital Management Inc. grew its holdings in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after acquiring an additional 590 shares during the period. Institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $240.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Loop Capital lifted their target price on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. TD Cowen increased their price target on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. The Goldman Sachs Group reiterated a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a research report on Wednesday, August 27th. Finally, Citigroup decreased their price target on NVIDIA from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, September 8th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $208.47.

Insider Activity

In related news, Director Mark A. Stevens sold 297,797 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $178.19, for a total value of $53,064,447.43. Following the completion of the sale, the director owned 7,749,803 shares of the company's stock, valued at approximately $1,380,937,396.57. The trade was a 3.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the sale, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,914,341 shares of company stock worth $662,228,310 in the last 90 days. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Up 3.9%

Shares of NVDA traded up $6.94 during trading hours on Monday, reaching $183.61. The company's stock had a trading volume of 268,372,112 shares, compared to its average volume of 180,339,776. The firm has a market cap of $4.46 trillion, a price-to-earnings ratio of 52.31, a P/E/G ratio of 1.28 and a beta of 2.10. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.55. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $175.73 and a two-hundred day moving average of $143.85.

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

NVIDIA Announces Dividend

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

About NVIDIA

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.