Spinnaker Investment Group LLC Acquires 6,330 Shares of NVIDIA Corporation $NVDA

Spinnaker Investment Group LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 25.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 30,937 shares of the computer hardware maker’s stock after acquiring an additional 6,330 shares during the period. NVIDIA makes up 1.0% of Spinnaker Investment Group LLC’s portfolio, making the stock its 15th largest holding. Spinnaker Investment Group LLC’s holdings in NVIDIA were worth $6,190,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NVDA. Highland Financial Advisors LLC boosted its holdings in shares of NVIDIA by 8.0% during the 2nd quarter. Highland Financial Advisors LLC now owns 2,659 shares of the computer hardware maker’s stock valued at $532,000 after acquiring an additional 198 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its stake in shares of NVIDIA by 3.5% in the second quarter. Redhawk Wealth Advisors Inc. now owns 112,129 shares of the computer hardware maker’s stock worth $22,436,000 after acquiring an additional 3,801 shares during the period. Marquette Asset Management LLC raised its holdings in shares of NVIDIA by 13.8% during the second quarter. Marquette Asset Management LLC now owns 2,123 shares of the computer hardware maker’s stock valued at $425,000 after purchasing an additional 258 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of NVIDIA by 3.1% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 111,821 shares of the computer hardware maker’s stock valued at $22,374,000 after purchasing an additional 3,404 shares during the last quarter. Finally, Community Financial Services Group LLC lifted its position in NVIDIA by 8.1% during the second quarter. Community Financial Services Group LLC now owns 105,935 shares of the computer hardware maker’s stock valued at $20,931,000 after purchasing an additional 7,918 shares during the period. Institutional investors own 65.27% of the company’s stock.

Trending Headlines about NVIDIA

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 Analysts Forecast Growth

Several brokerages recently issued reports on NVDA. Argus raised their target price on shares of NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Daiwa Securities Group boosted their target price on shares of NVIDIA from $215.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Barclays reissued an “overweight” rating on shares of NVIDIA in a report on Thursday, May 21st. Susquehanna restated a “positive” rating and issued a $275.00 price target (up from $250.00) on shares of NVIDIA in a research note on Tuesday, May 12th. Finally, Oppenheimer set a $265.00 price objective on 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. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Buy” and an average price target of $308.01.

NVIDIA Stock Down 1.0%

Shares of NVDA stock opened at $214.75 on Friday. NVIDIA Corporation has a 12 month low of $164.07 and a 12 month high of $236.54. The stock has a market cap of $5.20 trillion, a P/E ratio of 32.89, a P/E/G ratio of 0.43 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 company has a 50 day simple moving average of $207.47 and a two-hundred day simple moving average of $199.52.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.11. The business had revenue of $81.61 billion for the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company’s quarterly revenue was up 85.2% on a year-over-year basis. During the same period last year, the firm earned $0.81 earnings per share. On average, research analysts expect that NVIDIA Corporation will post 8.61 earnings per share for the current year.

NVIDIA declared that its board has authorized a share buyback plan on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at NVIDIA

In other news, Director Stephen C. Neal sold 15,500 shares of the company’s stock in a transaction on 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 sale, the director directly owned 116,135 shares in the company, valued at $25,053,803.55. This represents a 11.77% decrease in their position. The transaction was disclosed in a document filed 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 on 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 completion of the transaction, the director directly owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. This represents a 14.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,901,125 shares of company stock worth $410,583,015 in the last three months. Corporate insiders own 3.94% of the company’s stock.

About NVIDIA

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.