Franklin Street Advisors Inc. NC Sells 42,772 Shares of NVIDIA Corporation $NVDA

Key Points

• Franklin Street Advisors reduced its NVIDIA stake by 6.1%, selling 42,772 shares in the second quarter. It still held 653,354 shares worth approximately $130.7 million, with NVIDIA representing 7.3% of the fund’s portfolio.
• Analysts remain broadly bullish ahead of NVIDIA’s August 26 earnings report. The stock has a consensus “Buy” rating and an average price target of $307.28, supported by strong AI infrastructure demand, major customer agreements, and expectations for revenue to exceed consensus.
• Key risks include elevated expectations, valuation, and China-related constraints. Investors are watching margins, future hyperscaler spending, competition from custom chips, and the limited near-term revenue potential of China shipments.

Franklin Street Advisors Inc. NC cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 653,354 shares of the computer hardware maker's stock after selling 42,772 shares during the period. NVIDIA comprises approximately 7.3% of Franklin Street Advisors Inc. NC's holdings, making the stock its largest holding. Franklin Street Advisors Inc. NC's holdings in NVIDIA were worth $130,730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Lifetime Wealth Management P.C. bought a new position in shares of NVIDIA in the fourth quarter valued at about $26,000. Longview Financial Advisors Inc. acquired a new position in NVIDIA during the 1st quarter worth about $27,000. Longfellow Investment Management Co. LLC grew its holdings in NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after acquiring an additional 67 shares during the last quarter. Phillip James Consulting Co. bought a new stake in NVIDIA during the 1st quarter worth about $40,000. Finally, Spurstone Advisory Services LLC acquired a new stake in NVIDIA in the 2nd quarter valued at about $40,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: China shipments could reopen a portion of NVIDIA’s market. NVIDIA reportedly plans to begin small-batch shipments of a China-specific AI chip by year-end, while limited H200 shipments have already reached Chinese customers. Although the near-term revenue contribution may be modest, the developments could reduce the impact of export restrictions and preserve relationships with major customers such as Alibaba, ByteDance, and Tencent. Nvidia to ship AI chip for China by year-end
• Positive Sentiment: Analysts remain optimistic ahead of the August 26 earnings release. Jefferies expects fiscal second-quarter revenue to exceed consensus by roughly $3 billion, while RBC reaffirmed its Outperform rating with a $300 price target. Stifel also maintained a Buy rating, citing supply-chain evidence from Foxconn and Super Micro and continued strength in the GPU cycle. RBC rating and price target Foxconn and Super Micro supply-chain analysis
• Positive Sentiment: Enterprise and infrastructure demand continues to expand. IBM signed a multiyear $240 million agreement with Together AI to deploy NVIDIA HGX B300 systems on IBM Cloud, using NVIDIA’s Spectrum-X networking. CoreWeave also signed a multibillion-dollar deal giving Hudson River Trading access to NVIDIA’s newest systems, supporting the company’s data-center demand outlook. IBM and Together AI agreement
• Neutral Sentiment: Investors are focused on whether NVIDIA can clear elevated expectations. The company’s earnings report is the major near-term catalyst, with attention on revenue guidance, demand for the Rubin platform, gross margins amid higher memory costs, and visibility into future spending by hyperscalers and AI developers.
• Negative Sentiment: China’s opportunity remains constrained. Analysts estimate that returning H200 products to China may provide only limited near-term revenue, while Beijing may restrict domestic use and U.S. regulators are examining loopholes that allow Chinese firms to access NVIDIA computing capacity through overseas data centers. China AI access and export-control loopholes
• Negative Sentiment: Valuation and competitive risks are limiting enthusiasm. Commentary highlights concentrated AI spending, potential competition from custom chips and rivals, and the possibility that exceptionally strong results are already reflected in the share price. NVIDIA has also underperformed the broader semiconductor index this year, increasing investor sensitivity to any earnings or guidance shortfall.

NVIDIA Stock Performance

NVDA stock opened at $216.85 on Friday. NVIDIA Corporation has a twelve month low of $164.07 and a twelve month high of $236.54. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04. The company has a market cap of $5.25 trillion, a P/E ratio of 33.21, a price-to-earnings-growth ratio of 0.43 and a beta of 2.23. The business's fifty day moving average is $207.28 and its 200-day moving average is $199.41.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.11. The business had revenue of $81.61 billion during the quarter, compared to analysts' expectations of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm's quarterly revenue was up 85.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 earnings per share. Equities research analysts forecast that NVIDIA Corporation will post 8.6 EPS for the current year.

NVIDIA announced that its Board of Directors has approved a stock buyback plan on Wednesday, May 20th that permits the company to repurchase $80.00 billion in shares. This repurchase authorization permits the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have weighed in on NVDA shares. BMO Capital Markets set a $340.00 target price on shares of NVIDIA in a research note on Thursday. The Goldman Sachs Group reissued a "buy" rating on shares of NVIDIA in a research note on Tuesday, August 11th. JPMorgan Chase & Co. raised their price target on shares of NVIDIA from $265.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, May 21st. President Capital boosted their price objective on shares of NVIDIA from $280.00 to $295.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $300.00 price objective on shares of NVIDIA in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Buy" and an average target price of $307.28.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 885,000 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $1,094,412,146.07. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $133,750.00. Following the transaction, the director owned 14,163 shares of the company's stock, valued at $3,030,882. The trade was a 4.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,901,125 shares of company stock valued at $410,583,015. 3.94% of the stock is currently owned by company insiders.

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.

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