NVIDIA Stock Sees Institutional Selling as Revenue Growth Continues

NVIDIA Corporation ($NVDA) saw its shares sold by Ridgepath Capital Management LLC during the first quarter. The fund cut its position in NVIDIA by 37.3%, reducing its holdings to 5,001 shares. This represents about 0.4% of Ridgepath's investment portfolio and is its 28th largest holding.

The sale of 2,980 shares occurred at a total value of $872,000. Other institutional investors have also made adjustments to their stakes in NVIDIA. Lifetime Wealth Management P.C. acquired a new position in the company during the fourth quarter valued at about $26,000.

Longview Financial Advisors Inc. and Longfellow Investment Management Co. LLC increased their holdings in NVIDIA by acquiring additional shares. Spurstone Advisory Services LLC bought a new position in the company worth about $40,000. Inspire Investing LLC also acquired a new position in NVIDIA in the fourth quarter valued at approximately $44,000.

Director Stephen C. Neal sold 15,500 shares of NVIDIA's stock on June 3rd for an average price of $215.73. This sale was part of his 11.77% decrease in his position and brought his total holdings to 116,135 shares valued at approximately $25,053,803.55.