Spirit of America Management Corp NY Sells 4,100 Shares of NVIDIA Corporation $NVDA

Key Points

• Spirit of America Management Corp. NY sold 4,100 NVIDIA shares in the second quarter, reducing its stake by 2.5% to 158,020 shares valued at $31.6 million. NVIDIA remains the fund’s second-largest holding, representing 5.1% of its portfolio.
• Institutional investors own 65.27% of NVIDIA, while insiders have sold approximately 1.9 million shares worth $410.4 million over the past three months, including major sales by directors Mark A. Stevens and Stephen C. Neal.
• Analysts maintain a broadly bullish outlook, with a consensus “Moderate Buy” rating and average price target of $308.46, but investors face risks from elevated valuation, potential AI-server price increases, hyperscaler spending concerns, competition and export-related geopolitical issues.

Spirit of America Management Corp NY decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 158,020 shares of the computer hardware maker's stock after selling 4,100 shares during the period. NVIDIA comprises about 5.1% of Spirit of America Management Corp NY's investment portfolio, making the stock its 2nd biggest holding. Spirit of America Management Corp NY's holdings in NVIDIA were worth $31,618,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Lifetime Wealth Management P.C. acquired a new position in shares of NVIDIA in the 4th quarter valued at about $26,000. Longview Financial Advisors Inc. acquired a new stake in NVIDIA during the first quarter worth about $27,000. Longfellow Investment Management Co. LLC lifted its holdings in NVIDIA by 47.9% in the second 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 position in shares of NVIDIA during the first quarter valued at approximately $40,000. Finally, Inspire Investing LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $44,000. Institutional investors own 65.27% of the company's stock.

More NVIDIA News

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

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 885,000 shares of the business's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $210.17, for a total value of $186,000,450.00. Following the transaction, the director owned 5,207,271 shares in the company, valued at $1,094,412,146.07. The trade was a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen C. Neal sold 15,500 shares of the company's stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the transaction, the director directly owned 116,135 shares in the company, valued at approximately $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. In the last three months, insiders have sold 1,900,500 shares of company stock valued at $410,449,265. Insiders own 3.94% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NVDA. JPMorgan Chase & Co. upped their price objective on NVIDIA from $265.00 to $280.00 and gave the stock an "overweight" rating in a research note on Thursday, May 21st. Zacks Research downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Friday, August 21st. China Renaissance began coverage on shares of NVIDIA in a research note on Friday, June 5th. They issued a "buy" rating and a $319.00 price target on the stock. Mizuho set a $300.00 target price on NVIDIA in a research report on Thursday, May 21st. Finally, Seaport Research Partners raised their price target on NVIDIA from $140.00 to $180.00 and gave the company a "sell" rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $308.46.

NVIDIA Trading Up 2.2%

Shares of NVDA opened at $213.05 on Wednesday. The business's 50-day moving average price is $207.50 and its 200 day moving average price is $200.09. The stock has a market capitalization of $5.16 trillion, a P/E ratio of 32.63, a P/E/G ratio of 0.41 and a beta of 2.23. NVIDIA Corporation has a 1-year low of $164.07 and a 1-year high of $236.54. 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 has approved a stock buyback program on Wednesday, May 20th that allows the company to repurchase $80.00 billion in shares. This repurchase authorization allows the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

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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