Oxford Financial Group Cuts NVIDIA Stake Amid Mixed Institutional Activity
Oxford Financial Group LTD. LLC reduced its stake in NVIDIA Corporation (NASDAQ:NVDA) by 23.6% during the second quarter, according to its latest 13F filing with the SEC. The institutional investor sold 27,153 shares, bringing its holdings down to 87,951 shares. NVIDIA now represents about 0.9% of Oxford Financial Group's portfolio, making it the firm's 15th largest holding. The value of the remaining shares was $17,598,000 at the end of the quarter.
Other institutional investors made various adjustments to their NVIDIA positions during the same period. Kilter Group LLC increased its stake by 5.9%, now holding 8,795 shares worth $1,760,000. D L Carlson Investment Group Inc. grew its holdings by 0.6%, owning 114,511 shares valued at $22,912,000. Fischer Financial Services Inc. raised its position by 3.0%, with 109,580 shares worth $21,926,000. Ninepoint Partners LP established a new position worth $5,039,000, while SGL Investment Advisors Inc. increased its stake by 1.4%, holding 40,345 shares valued at $8,777,000.
Analysts have shown strong support for NVIDIA, with Morgan Stanley naming it a top semiconductor pick and setting a $300 price target. The firm highlighted NVIDIA's software ecosystem and AI infrastructure positioning as key strengths. Barclays estimated that NVIDIA could generate $401 billion in hyperscaler revenue by 2027. However, concerns include potential changes in Amazon's chip financing structures and export-control risks related to NVIDIA's GPUs.
Wall Street analysts have largely endorsed NVIDIA, with Raymond James Financial setting a $515 target price and a strong-buy rating. President Capital increased its target to $330, while BMO Capital Markets set a $340 target with an outperform rating. Zacks Research upgraded NVIDIA to a strong-buy rating. The consensus target price is $320.71, with a consensus rating of buy.
Insider activity included CFO Colette Kress selling 34,918 shares at $219.05, reducing her position by 4.36%. EVP Timothy S. Teter sold 30,460 shares at $222.80, decreasing his stake by 1.12%. Insiders sold a total of 1,766,118 shares worth $399,450,353 over the last ninety days, with insiders owning 3.94% of the stock.
NVIDIA's stock opened at $233.95, with a fifty-day moving average of $218.74 and a two-hundred-day average of $207.65. The company reported $2.22 earnings per share for the latest quarter, beating estimates by $0.13, and revenue of $96.22 billion, up 105.9% year-over-year. Analysts predict $9.25 EPS for the current fiscal year.