MJP Associates Boosts NVIDIA Stake Amid Strong Institutional Demand
MJP Associates Inc. ADV increased its holdings in NVIDIA Corporation (NASDAQ: NVDA) by 5.2% during the second quarter, according to its latest 13F filing with the Securities & Exchange Commission. The firm now owns 115,059 shares of the computer hardware company, worth approximately $23,022,000. This makes NVIDIA the 12th largest position in MJP Associates Inc. ADV's portfolio, comprising 2.5% of its total holdings.
Other institutional investors have also been active with NVIDIA shares. Lifetime Wealth Management P.C. acquired a new stake worth $26,000 in the fourth quarter, while Longview Financial Advisors Inc. initiated a position valued at $27,000 in the first quarter. Langley Wealth Management LLC, Phillip James Consulting Co., and Frankly Finances LLC also bought new stakes in the second quarter, with values ranging from $34,000 to $60,000.
Analysts remain bullish on NVIDIA, with Morgan Stanley naming it its top semiconductor pick and setting a $300 price target. The firm cited NVIDIA's software ecosystem and AI infrastructure positioning as key strengths. Other analysts have set price targets ranging from $300 to $340, with a consensus rating of "Buy."
However, there are some concerns. Export-control issues and reports of Amazon potentially moving $8 billion of NVIDIA chips off its balance sheet have added scrutiny. Additionally, insiders like Director Mark Stevens and CFO Colette Kress have sold significant shares, with Stevens reducing his ownership by 21.03% and Kress by 4.36%. Despite these sales, institutional investors own 65.27% of the stock, indicating strong overall confidence.