Pennington Partners & CO. LLC Boosts Stake in NVIDIA Corporation $NVDA

Pennington Partners & CO. LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 35.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,966 shares of the computer hardware maker’s stock after purchasing an additional 4,221 shares during the period. NVIDIA makes up approximately 1.0% of Pennington Partners & CO. LLC’s investment portfolio, making the stock its 17th biggest holding. Pennington Partners & CO. LLC’s holdings in NVIDIA were worth $2,785,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NVDA. Klingman & Associates LLC raised its holdings in shares of NVIDIA by 4.0% in the first quarter. Klingman & Associates LLC now owns 66,895 shares of the computer hardware maker’s stock worth $11,667,000 after buying an additional 2,581 shares during the period. CLG LLC boosted its holdings in NVIDIA by 5.6% during the 1st quarter. CLG LLC now owns 18,204 shares of the computer hardware maker’s stock valued at $3,175,000 after acquiring an additional 970 shares during the period. Modern Wealth Management LLC boosted its holdings in NVIDIA by 19.5% during the 1st quarter. Modern Wealth Management LLC now owns 225,035 shares of the computer hardware maker’s stock valued at $39,550,000 after acquiring an additional 36,658 shares during the period. Keebeck Wealth Management grew its position in NVIDIA by 15.5% in the 1st quarter. Keebeck Wealth Management now owns 122,955 shares of the computer hardware maker’s stock valued at $21,445,000 after acquiring an additional 16,498 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in NVIDIA by 19.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 31,781,583 shares of the computer hardware maker’s stock valued at $5,542,639,000 after acquiring an additional 5,129,163 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity

In other news, Director Mark A. Stevens sold 885,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $210.17, for a total value of $186,000,450.00. Following the completion of the sale, the director owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. The trade was a 14.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen C. Neal sold 15,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the sale, the director directly owned 116,135 shares of the company’s stock, valued at $25,053,803.55. The trade was a 11.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,901,125 shares of company stock worth $410,583,015. 3.94% of the stock is currently owned by corporate insiders.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Elon Musk said SpaceX will build “exclusively” on NVIDIA’s Vera Rubin platform, providing a potentially significant high-profile customer commitment and strengthening confidence in demand for NVIDIA’s next-generation systems. Musk Praises Vera Rubin Platform on SpaceX Earnings Call, Nvidia Stock Climbs
• Positive Sentiment: Corvex secured a multi-year agreement for Blackwell GPU infrastructure, including liquid-cooled clusters, Quantum-2 InfiniBand and high-speed storage. The deployment adds another large-scale Blackwell installation without issuing new shares. Nvidia Stock Surges as Corvex Secures Multi-Year Blackwell GPU Deal
• Positive Sentiment: Anthropic reportedly signed a six-year, $10 billion computing agreement with NVIDIA-backed Volta Infra. The arrangement could support demand for Vera Rubin systems and validates the growth of AI cloud infrastructure. Anthropic Inks $10B Computing Deal With Nvidia-Backed Volta Infra
• Positive Sentiment: Reports describing a roughly 12-to-1 demand-to-supply imbalance, scarce chips and strong chip resale values reinforced the view that NVIDIA retains pricing power amid the AI buildout. NVIDIA Facing 12-to-1 Demand to Supply
• Positive Sentiment: NVIDIA’s Open Secure AI Alliance has expanded to more than 120 companies and is developing shared security standards, potentially broadening NVIDIA’s influence across the AI software ecosystem. Nvidia’s Open Secure AI Alliance Shows Progress
• Neutral Sentiment: Export controls are creating a gray market in Southeast Asia, where buyers use proxy cloud access to obtain NVIDIA-based compute. This signals inelastic demand but also highlights continuing regulatory and geopolitical risks. The AI Chip Blockade Is Creating a Shadow Market
• Negative Sentiment: Investor Michael Burry reportedly increased put-option exposure to NVIDIA, Micron and semiconductor ETFs, renewing concerns that AI spending expectations and valuations may be vulnerable to a correction. Michael Burry’s Latest Bet Puts Nvidia’s AI Boom on Trial
• Negative Sentiment: Analysts continue to warn that custom chips, AI inference workloads and software capable of rewriting code could gradually weaken NVIDIA’s CUDA advantage and pressure future margins.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NVDA. Raymond James Financial reiterated a “strong-buy” rating and set a $330.00 target price on shares of NVIDIA in a research report on Thursday, May 21st. Seaport Research Partners upped their price target on shares of NVIDIA from $140.00 to $180.00 and gave the stock a “sell” rating in a report on Thursday, May 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NVIDIA in a research note on Wednesday, July 8th. Robert W. Baird set a $500.00 price objective on shares of NVIDIA and gave the company an “outperform” rating in a report on Thursday, May 21st. Finally, Benchmark reissued a “buy” rating and issued a $335.00 price objective (up from $250.00) on shares of NVIDIA in a research report on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $304.26.

NVIDIA Price Performance

NVDA opened at $211.94 on Wednesday. The company has a market capitalization of $5.13 trillion, a price-to-earnings ratio of 32.46, a PEG ratio of 0.40 and a beta of 2.23. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. NVIDIA Corporation has a 12-month low of $164.07 and a 12-month high of $236.54. The business’s fifty day simple moving average is $205.18 and its 200-day simple moving average is $196.55.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm had revenue of $81.61 billion during the quarter, compared to the consensus estimate of $78.42 billion. During the same period in the previous year, the company posted $0.81 earnings per share. The firm’s quarterly revenue was up 85.2% on a year-over-year basis. On average, equities research analysts anticipate that NVIDIA Corporation will post 8.79 earnings per share for the current fiscal year.

NVIDIA declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

NVIDIA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 4th were given a dividend of $0.25 per share. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. NVIDIA’s payout ratio is 15.31%.

NVIDIA Company Profile

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.