Ables Iannone Moore & Associates Inc. Has $21.50 Million Stake in NVIDIA Corporation $NVDA

Ables Iannone Moore & Associates Inc. lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 107,456 shares of the computer hardware maker's stock after selling 4,653 shares during the quarter. NVIDIA accounts for 11.5% of Ables Iannone Moore & Associates Inc.'s holdings, making the stock its 3rd biggest holding. Ables Iannone Moore & Associates Inc.'s holdings in NVIDIA were worth $21,501,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Independence Bank of Kentucky increased its position in shares of NVIDIA by 5.6% during the second quarter. Independence Bank of Kentucky now owns 141,669 shares of the computer hardware maker's stock worth $28,347,000 after acquiring an additional 7,538 shares during the period. Ballast Inc. grew its holdings in NVIDIA by 28.3% during the 2nd quarter. Ballast Inc. now owns 10,203 shares of the computer hardware maker's stock worth $2,042,000 after acquiring an additional 2,253 shares in the last quarter. Regent Peak Wealth Advisors LLC lifted its position in shares of NVIDIA by 2.3% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 90,648 shares of the computer hardware maker's stock worth $18,138,000 after purchasing an additional 2,006 shares during the period. GoalFusion Wealth Management LLC increased its holdings in NVIDIA by 14.0% during the second quarter. GoalFusion Wealth Management LLC now owns 12,074 shares of the computer hardware maker's stock valued at $2,416,000 after buying an additional 1,482 shares during the period. Finally, Buska Wealth Management LLC raised its stake in NVIDIA by 36.4% in the second quarter. Buska Wealth Management LLC now owns 2,947 shares of the computer hardware maker's stock worth $590,000 after buying an additional 786 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA is reportedly in advanced talks to invest several hundred million dollars in Cloverleaf Infrastructure, a developer of U.S. data-center power and infrastructure. The move could help address the electricity bottleneck limiting AI capacity while strengthening NVIDIA’s role in projects that use its systems. Nvidia in Talks to Invest in Data-Center Power Developer Cloverleaf Infrastructure
• Positive Sentiment: Analyst support remains strong before earnings. BMO named NVIDIA its top semiconductor pick with a $340 price target, while Jefferies reportedly expects revenue to exceed consensus by roughly $3 billion. Consensus forecasts call for approximately $91 billion of quarterly revenue, supported by Blackwell and broader AI infrastructure demand. Nvidia stock dubbed top pick ahead of Q2 earnings
• Positive Sentiment: Reports that SpaceX is standardizing its AI infrastructure on NVIDIA chips reinforce the company’s competitive position and could support demand for its next-generation Vera Rubin platform. NVIDIA is also exploring a potential partnership or acquisition involving South Korean AI-chip designer Rebellions, indicating continued investment in its AI ecosystem. NVIDIA Could Snap up Korean AI Chip Startup Rebellions
• Neutral Sentiment: NVIDIA’s proposed investment in Cloverleaf follows other efforts to finance AI infrastructure and convert future GPU capacity into a financeable asset. The strategy could accelerate deployments, but it also exposes NVIDIA to capital-allocation and customer-financing risks. Nvidia Makes Another Bet on the AI Power Bottleneck
• Negative Sentiment: Investors are weighing possible competitive and product risks. NVIDIA is reportedly testing Rubin Ultra configurations with less high-bandwidth memory than originally planned, while Microsoft is preparing its own Maia 300 AI chip. These developments could raise questions about performance, supply availability and long-term customer diversification. NVIDIA and AMD: Rubin Ultra memory reports
• Negative Sentiment: NVIDIA denied a report that it plans small-batch shipments of a China-specific AI chip by year-end, removing a potential near-term catalyst. Analysts also say any renewed China H200 sales may have only a limited effect on revenue. Nvidia to ship AI chip for China by year-end
• Negative Sentiment: Higher Treasury yields and warnings from investors such as Michael Burry that AI data-center financing may be excessive are adding valuation pressure ahead of a high-expectation earnings event.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NVDA shares. Rothschild & Co Redburn boosted their price target on NVIDIA from $280.00 to $300.00 and gave the stock a "buy" rating in a research report on Tuesday, May 26th. Rosenblatt Securities restated a "buy" rating and set a $325.00 price objective on shares of NVIDIA in a research note on Thursday, May 21st. Barclays reaffirmed an "overweight" rating on shares of NVIDIA in a research report on Thursday, May 21st. Stifel Nicolaus set a $282.00 target price on NVIDIA and gave the company a "buy" rating in a research note on Thursday, May 21st. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $350.00 target price on shares of NVIDIA in a report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $308.01.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 625 shares of the business's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total transaction of $133,750.00. Following the sale, the director owned 14,163 shares in the company, valued at approximately $3,030,882. The trade was a 4.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of the 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,901,125 shares of company stock worth $410,583,015. 3.94% of the stock is owned by insiders.

NVIDIA Stock Up 0.0%

Shares of NVDA stock opened at $214.75 on Monday. NVIDIA Corporation has a 1-year low of $164.07 and a 1-year high of $236.54. The stock's fifty day moving average price is $207.47 and its 200 day moving average price is $199.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. The company has a market cap of $5.20 trillion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 0.42 and a beta of 2.23.

NVIDIA declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 20th that permits the company to repurchase $80.00 billion in shares. This repurchase authorization permits the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source