Cadent Capital Advisors Doubles Down on NVIDIA as Consensus Revenue Targets Soar

Cadent Capital Advisors LLC has significantly increased its stake in NVIDIA Corporation (NASDAQ:NVDA) over the past quarter, according to a recent 13F filing with the Securities and Exchange Commission.

The fund boosted its holdings by an impressive 650% during the second quarter, acquiring an additional 10,276 shares of NVDA stock. As a result, Cadent Capital Advisors LLC now owns 11,857 shares worth $2,373,000 at the end of the most recent quarter.

This increase in stake is not isolated to Cadent Capital Advisors LLC, as other institutional investors and hedge funds have also been buying into NVDA stock. Define Financial LLC, for instance, boosted its holdings by 36.5% during the second quarter, while Signature Resources Capital Management LLC increased its position by 31.4%. Cromwell Holdings LLC also saw a 1.7% increase in its stake.

NVIDIA has been performing exceptionally well, with analysts predicting another strong quarter. Consensus revenue is expected to reach $92 billion, representing approximately 95% year-over-year growth. This has led many investors to remain bullish on the stock, with price targets ranging from $325 to $352.