TD Private Client Wealth LLC Acquires 27,602 Shares of NVIDIA Corporation $NVDA

TD Private Client Wealth LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 274,334 shares of the computer hardware maker’s stock after acquiring an additional 27,602 shares during the quarter. NVIDIA accounts for approximately 1.2% of TD Private Client Wealth LLC’s holdings, making the stock its 17th biggest holding. TD Private Client Wealth LLC’s holdings in NVIDIA were worth $51,185,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Harbor Asset Planning Inc. bought a new stake in NVIDIA in the second quarter valued at approximately $28,000. Winnow Wealth LLC bought a new stake in NVIDIA during the 2nd quarter valued at $32,000. Longfellow Investment Management Co. LLC boosted its position in NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 67 shares during the period. Spurstone Advisory Services LLC bought a new stake in NVIDIA in the 2nd quarter worth $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd purchased a new position in shares of NVIDIA in the second quarter valued at about $54,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 0.7%

NASDAQ:NVDA opened at $191.13 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. The firm’s 50-day moving average price is $184.09 and its 200-day moving average price is $182.46. The company has a market capitalization of $4.64 trillion, a PE ratio of 47.43, a P/E/G ratio of 0.94 and a beta of 2.31. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. The business had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. NVIDIA’s quarterly revenue was up 62.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 earnings per share. On average, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Thursday, December 4th were paid a $0.01 dividend. The ex-dividend date was Thursday, December 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is presently 0.99%.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent analyst reports. New Street Research reissued a “buy” rating and issued a $307.00 target price on shares of NVIDIA in a research note on Thursday, October 30th. William Blair reiterated an “outperform” rating on shares of NVIDIA in a report on Tuesday, January 6th. Wolfe Research lifted their price objective on NVIDIA from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday. Robert W. Baird reissued an “outperform” rating and set a $275.00 target price on shares of NVIDIA in a research note on Friday, December 26th. Finally, Macquarie raised NVIDIA to an “outperform” rating in a research note on Monday, December 29th. Four analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $263.98.

Read Our Latest Research Report on NVDA

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction on Friday, December 5th. The stock was sold at an average price of $181.73, for a total transaction of $63,605,500.00. Following the completion of the transaction, the director owned 7,049,803 shares in the company, valued at approximately $1,281,160,699.19. The trade was a 4.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 30,500 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $178.11, for a total value of $5,432,355.00. Following the completion of the sale, the chief financial officer directly owned 1,286,826 shares in the company, valued at $229,196,578.86. This trade represents a 2.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,611,474 shares of company stock worth $293,285,232 over the last quarter. 4.17% of the stock is currently owned by company insiders.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

About NVIDIA

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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