NVIDIA Gains Institutional Attention Amid Strong Earnings
NVIDIA Corporation (NASDAQ:NVDA) is gaining attention from institutional investors. Reliant Investment Management LLC boosted its position in NVIDIA by 961.5% in Q2, according to a recent 13F filing with the SEC. The fund now owns 26,612 shares of NVIDIA's stock after purchasing an additional 24,105 shares during the quarter.
The total value of Reliant Investment Management LLC's holdings in NVIDIA is $5,325,000 at the end of Q2. This represents approximately 1.9% of the fund's investment portfolio, making it its 26th largest position.
Other institutional investors have also increased their stakes in NVIDIA. Brighton Jones LLC lifted its position by 12.4% in Q4, while Bank Pictet & Cie Europe AG raised its holdings by 1.0%. Highview Capital Management LLC DE boosted its shares by 6.7%, and Hudson Value Partners LLC increased its stake by 30.7%
Analysts have been optimistic about NVIDIA's performance. Several analysts, including Wedbush, Truist, RBC, and JPMorgan, raised their price targets following the company's strong Q2 results.