Birmingham Capital Management Co. Inc. trimmed its stake in NVIDIA Corp. by 17% during the first quarter, according to a recent filing with the Securities and Exchange Commission.
The Birmingham-based investment firm sold 4,500 shares, leaving it with 22,000 shares valued at about $2.38 million at the end of the period.
Institutional Moves
Several smaller wealth managers increased their NVIDIA holdings in recent months, helping keep institutional ownership at roughly 65%.
Analyst Sentiment
Analysts remain upbeat on the chipmaker. UBS, Truist, Rosenblatt, and Benchmark all boosted their price targets to between $205 and $235 in late August and September, with a consensus “Moderate Buy” rating and an average target of $208.47, according to MarketBeat.
Market Snapshot
Thursday close: $175.75, up 3.2%
Market cap: $4.27 trillion
52-week range: $86.62–$184.48
P/E ratio: 50.08
NVIDIA last reported $46.74 billion in quarterly revenue, a 55.6% year-over-year increase, underscoring strong demand for its AI and GPU products despite Birmingham Capital’s partial pullback.
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