First National Bank of Mount Dora Trust Investment Services Trims Holdings in NVIDIA Corporation $NVDA

Key Points

• First National Bank of Mount Dora Trust Investment Services reduced its NVIDIA stake by 3.5% in the second quarter, selling 3,540 shares and retaining 97,463 shares valued at approximately $19.5 million.
• NVIDIA reported quarterly EPS of $1.87 and revenue of $81.61 billion, surpassing estimates and marking 85.2% year-over-year revenue growth. The company also authorized an $80 billion share-repurchase program.
• Analysts remain broadly bullish, with NVIDIA carrying an average “Buy” rating and a $305.94 consensus price target, though investors are watching risks tied to AI infrastructure financing, competition from custom chips, and high-growth technology valuations.

First National Bank of Mount Dora Trust Investment Services lessened its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,463 shares of the computer hardware maker's stock after selling 3,540 shares during the period. NVIDIA comprises about 3.9% of First National Bank of Mount Dora Trust Investment Services' holdings, making the stock its 2nd largest holding. First National Bank of Mount Dora Trust Investment Services' holdings in NVIDIA were worth $19,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Lifetime Wealth Management P.C. purchased a new stake in shares of NVIDIA during the fourth quarter worth about $26,000. Longview Financial Advisors Inc. bought a new position in shares of NVIDIA in the 1st quarter worth approximately $27,000. Longfellow Investment Management Co. LLC lifted its position in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after buying an additional 67 shares during the period. Phillip James Consulting Co. bought a new stake in NVIDIA during the first quarter worth about $40,000. Finally, Inspire Investing LLC bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Trading Down 2.3%

NVDA opened at $219.74 on Wednesday. The firm has a market cap of $5.32 trillion, a P/E ratio of 33.65, a P/E/G ratio of 0.44 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. The stock has a 50-day moving average of $206.70 and a 200 day moving average of $199.05. NVIDIA Corporation has a 12 month low of $164.07 and a 12 month high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The company had revenue of $81.61 billion during the quarter, compared to the consensus estimate of $78.42 billion. During the same period last year, the company earned $0.81 earnings per share. NVIDIA's revenue was up 85.2% on a year-over-year basis. As a group, research analysts forecast that NVIDIA Corporation will post 8.79 EPS for the current year.

NVIDIA declared that its board has approved a stock repurchase program on Wednesday, May 20th that permits the company to buyback $80.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to purchase up to 1.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Bank of America argued that NVIDIA’s shares offer a compelling valuation relative to free cash flow and could have as much as 55% upside, partly because expanded buybacks may improve shareholder returns. Here's the case for Nvidia's stock to climb 55% from here, according to BofA
• Positive Sentiment: NVIDIA’s agreement to support financing for OpenAI’s Ohio data center could help secure up to 8 gigawatts of future AI-compute capacity. The company is also investing $1.5 billion in SB Energy and is expected to be the campus’s exclusive AI-compute provider, potentially expanding long-term demand for its systems. Nvidia backs financing for OpenAI data center in Ohio
• Positive Sentiment: Analysts and investors continue to describe NVIDIA as a central “chokepoint” in AI infrastructure. Wall Street’s average price target implies substantial potential upside, while demand for GPUs remains strong even as custom AI chips gain traction. Wall Street Analysts Think Nvidia Could Surge
• Neutral Sentiment: Investors are focused on NVIDIA’s upcoming earnings and, more importantly, its forward guidance. Strong data-center growth, Blackwell demand, gross margins near 75%, and commentary on next-generation Rubin products will determine whether estimates move higher. Nvidia's Q2 Preview
• Negative Sentiment: The Ohio project and NVIDIA’s broader plan to help arrange as much as $500 billion in AI infrastructure financing are raising concerns about circular financing, credit exposure, and whether customers can support the resulting spending. Higher Treasury yields further pressured high-growth technology valuations. Nvidia's AI moat is shifting from chips to capital
• Negative Sentiment: Some investors favor Micron because of surging high-bandwidth-memory demand and a lower valuation, while comparisons with AMD and Broadcom highlight intensifying competition from custom AI silicon. NVIDIA’s large Intel investment and divided hedge-fund positioning also add to uncertainty. NVIDIA vs. Micron

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $270.00 target price on shares of NVIDIA in a research note on Tuesday, June 2nd. Bank of America restated a "buy" rating and set a $350.00 price objective (up from $320.00) on shares of NVIDIA in a research report on Thursday, May 21st. Wolfe Research reissued an "outperform" rating and issued a $275.00 target price on shares of NVIDIA in a research report on Thursday, May 21st. Sanford C. Bernstein reissued a "buy" rating on shares of NVIDIA in a research report on Monday, June 29th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $300.00 price objective on shares of NVIDIA in a research note on Monday, June 1st. Three equities research 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 company's stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of "Buy" and an average target price of $305.94.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 885,000 shares of the company's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the transaction, the director owned 5,207,271 shares of the company's stock, valued at approximately $1,094,412,146.07. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 625 shares of the company's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total value of $133,750.00. Following the completion of the transaction, the director directly owned 14,163 shares in the company, valued at $3,030,882. This trade represents a 4.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,901,125 shares of company stock worth $410,583,015 over the last 90 days. Company insiders own 3.94% of the company's stock.

NVIDIA 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.

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