Spirit of America Management Corp NY Cuts Stock Holdings in NVIDIA Corporation $NVDA

Spirit of America Management Corp NY lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 158,020 shares of the computer hardware maker’s stock after selling 4,100 shares during the period. NVIDIA makes up about 5.1% of Spirit of America Management Corp NY’s holdings, making the stock its 2nd largest holding. Spirit of America Management Corp NY’s holdings in NVIDIA were worth $31,618,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Investment Advisory Services Inc. TX ADV lifted its holdings in NVIDIA by 5.7% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 10,353 shares of the computer hardware maker’s stock worth $2,072,000 after purchasing an additional 558 shares during the last quarter. City State Bank grew its stake in NVIDIA by 0.5% in the 2nd quarter. City State Bank now owns 35,241 shares of the computer hardware maker’s stock valued at $7,051,000 after buying an additional 185 shares during the last quarter. Significant Wealth Partners LLC lifted its position in NVIDIA by 1.7% during the 2nd quarter. Significant Wealth Partners LLC now owns 4,751 shares of the computer hardware maker’s stock worth $951,000 after acquiring an additional 78 shares during the last quarter. Martel Wealth Advisors LLC increased its stake in shares of NVIDIA by 88.1% in the second quarter. Martel Wealth Advisors LLC now owns 4,340 shares of the computer hardware maker’s stock worth $868,000 after purchasing an additional 2,033 shares during the period. Finally, Thompson Investment Management Inc. increased its position in NVIDIA by 27.7% in the 2nd quarter. Thompson Investment Management Inc. now owns 2,076 shares of the computer hardware maker’s stock worth $415,000 after buying an additional 450 shares during the period. 65.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Susquehanna restated a “positive” rating and issued a $275.00 price objective (up from $250.00) on shares of NVIDIA in a research note on Tuesday, May 12th. Oppenheimer set a $265.00 price target on shares of NVIDIA in a research report on Thursday, August 20th. TD Cowen reiterated a “buy” rating on shares of NVIDIA in a research note on Tuesday, August 18th. Wolfe Research restated an “outperform” rating and set a $275.00 price target on shares of NVIDIA in a research note on Thursday, May 21st. Finally, Citic Securities lifted their price objective on NVIDIA from $242.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $308.46.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s launch of the Groq 3 LPX into full production strengthens its inference-AI portfolio. The accelerator reportedly achieved 3,400 output tokens per second in benchmarking, while Nebius plans to become its first AI-cloud customer. NVIDIA Groq 3 LPX production announcement
• Positive Sentiment: The new Jetson Orin Nano 2 robotics computer delivers twice the inference performance of its predecessor at the same size and uses 40% less power, expanding NVIDIA’s opportunity in edge AI, robotics and autonomous systems. Jetson Orin Nano 2 announcement
• Positive Sentiment: Wall Street expects another exceptionally strong quarter, with consensus revenue near $92 billion and approximately 95% year-over-year growth. Analysts including Raymond James, Rosenblatt, KeyBanc and Cantor Fitzgerald maintained bullish ratings and price targets ranging from $325 to $352. NVIDIA growth and Rubin earnings preview
• Neutral Sentiment: Options markets imply an unusually large post-earnings move, estimated at roughly 5.4% or approximately $280 billion in market value. Investors are focused on Rubin shipment growth, margins, hyperscaler demand, supply constraints and management’s forward guidance. NVIDIA options-implied earnings move
• Negative Sentiment: Despite strong expected results, NVIDIA entered earnings after a seven-session losing streak and is testing technical support. Investors increasingly worry that a simple earnings beat may already be priced in, particularly because the stock has often declined after prior beats. NVIDIA tests support ahead of earnings
• Negative Sentiment: Reports of potential 15% or greater price increases for next-generation AI servers could create customer resistance and give competing chips or custom silicon an opening. Concerns also persist around hyperscalers’ heavy capital spending, NVIDIA’s AI investments and financing arrangements, and possible competition from startups such as Etched and Cerebras. NVIDIA hyperscaler dependence
• Negative Sentiment: Taiwanese authorities indicted individuals, including employees linked to NVIDIA and Super Micro, over alleged illegal AI-server exports to China, adding regulatory and geopolitical risk. Taiwan AI-server export investigation

Insider Activity

In related news, Director Stephen C. Neal sold 15,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 885,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the completion of the transaction, the director directly 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,900,500 shares of company stock worth $410,449,265 in the last ninety days. Insiders own 3.94% of the company’s stock.

NVIDIA Trading Up 2.2%

NVDA opened at $213.05 on Wednesday. NVIDIA Corporation has a 1-year low of $164.07 and a 1-year high of $236.54. The firm has a 50-day moving average price of $207.50 and a two-hundred day moving average price of $200.09. The stock has a market capitalization of $5.16 trillion, a PE ratio of 32.63, a PEG ratio of 0.41 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 announced that its Board of Directors has approved a share repurchase plan on Wednesday, May 20th that permits the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.