NVIDIA Corporation $NVDA Stake Trimmed by TD Asset Management Inc

TD Asset Management Inc lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,382,969 shares of the computer hardware maker's stock after selling 2,564,991 shares during the quarter. NVIDIA accounts for about 2.5% of TD Asset Management Inc's investment portfolio, making the stock its 5th largest position. TD Asset Management Inc owned approximately 0.10% of NVIDIA worth $2,751,006,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NVDA. Astoria Portfolio Advisors LLC. grew its holdings in NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after buying an additional 864 shares in the last quarter. Centerpoint Advisory Group grew its holdings in NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after buying an additional 943 shares in the last quarter. GSB Wealth Management LLC grew its holdings in NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after buying an additional 1,043 shares in the last quarter. Variant Private Wealth LLC grew its holdings in NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after buying an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc grew its holdings in NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after buying an additional 1,265 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Evercore ISI upped their price objective on NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a report on Friday. Bank of America upped their price objective on NVIDIA from $180.00 to $220.00 in a report on Wednesday, July 16th. Piper Sandler set a $225.00 price objective on NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, August 13th. The Goldman Sachs Group assumed coverage on NVIDIA in a report on Thursday, July 10th. They set a "buy" rating and a $185.00 price objective on the stock. Finally, Mizuho upped their price objective on NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $192.44.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director owned 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the sale, the executive vice president owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,912,440 shares of company stock valued at $902,886,782. Company insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $177.99 on Monday. The stock has a market cap of $4.34 trillion, a price-to-earnings ratio of 57.42, a price-to-earnings-growth ratio of 1.56 and a beta of 2.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The stock has a 50 day moving average price of $167.35 and a 200-day moving average price of $137.46. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company's quarterly revenue was up 69.2% compared to the same quarter last year. NVIDIA has set its Q2 2026 guidance at EPS. Equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.29%.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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