Capital Advisors Inc. OK increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 0.9% during the second quarter, according to its latest SEC filing. The institutional investor now holds 1,492,098 shares of the computer hardware maker, worth approximately $298,554,000. NVIDIA represents about 4.4% of Capital Advisors Inc. OK's holdings, making it the firm's third-largest position.
Several other institutional investors have also adjusted their positions in NVIDIA. Bank of America Corp DE raised its stake by 2.1% in the first quarter, now owning 191,200,989 shares valued at $33,345,453,000. Invesco Ltd. increased its holdings by 0.3% during the fourth quarter, while Amundi boosted its stake by 10.4% in the first quarter. Dimensional Fund Advisors LP and Swiss National Bank also raised their positions by 0.6% and 7.1%, respectively.
Despite the institutional buying, insiders have been selling shares. CFO Colette Kress sold 34,918 shares on September 17th at an average price of $219.05, reducing her ownership by 4.36%. Director Mark A. Stevens sold 622,239 shares on September 4th at $231.62 per share, decreasing his position by 21.03%. Overall, insiders have sold 1,766,118 shares worth $399,450,353 over the past three months.
NVIDIA's stock has faced mixed sentiment recently. Positive developments include Volvo Cars expanding its partnership for automated driving systems and Adobe collaborating with NVIDIA to optimize AI-powered creation tools. However, concerns about rising Treasury yields, inflation data, and competition from companies like Micron and Broadcom have weighed on the stock. Analysts have issued varied price targets, with an average consensus of $321.89 and a mix of Buy and Strong Buy ratings.