TD Asset Management Inc Has $5.07 Billion Stock Position in NVIDIA Corporation $NVDA

Key Points

• TD Asset Management reduced its NVIDIA position by 12.8% in the second quarter, selling 3.73 million shares, but still held 25.36 million shares worth approximately $5.07 billion—4.4% of its portfolio and its largest holding.
• NVIDIA reported stronger-than-expected quarterly results, with $2.22 in earnings per share and $96.22 billion in revenue, representing 105.9% year-over-year growth. Analysts remain bullish, with a consensus “Buy” rating and an average price target of $324.34.
• Despite strong AI demand and potential upside from expanded China access, NVIDIA faces risks from AMD’s growing competition, infrastructure bottlenecks, valuation concerns and insider selling under pre-arranged trading plans.

TD Asset Management Inc trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,361,797 shares of the computer hardware maker's stock after selling 3,726,801 shares during the quarter. NVIDIA accounts for 4.4% of TD Asset Management Inc's holdings, making the stock its biggest holding. TD Asset Management Inc owned 0.10% of NVIDIA worth $5,074,642,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NVDA. Lifetime Wealth Management P.C. bought a new position in NVIDIA during the fourth quarter worth about $26,000. Longview Financial Advisors Inc. bought a new stake in NVIDIA in the 1st quarter valued at about $27,000. Phillip James Consulting Co. bought a new stake in NVIDIA in the 1st quarter valued at about $40,000. Syntax Research Inc. grew its position in shares of NVIDIA by 62.5% during the 4th quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker's stock worth $49,000 after purchasing an additional 100 shares in the last quarter. Finally, Frankly Finances LLC bought a new position in shares of NVIDIA during the second quarter worth approximately $60,000. Institutional investors and hedge funds own 65.27% of the company's stock.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: CEO Jensen Huang pushed back against AI “doomsday” scenarios and argued that existing laws are sufficient, helping ease concerns that overly restrictive regulation could slow AI deployment. Nvidia’s Jensen Huang rejects AI doomsday fears
• Positive Sentiment: Analysts and financial commentators continue to highlight NVIDIA’s earnings momentum, broad AI hardware and networking portfolio, and projected long-term demand. Zacks restored the stock to a Rank #1 “Strong Buy,” while another report cited potential upside from positive earnings revisions. Bull of the Day: NVIDIA Corp.
• Positive Sentiment: Potentially improved access to China is a major catalyst. NVIDIA’s latest forecast reportedly assumes no data-center compute sales to China, leaving upside if the upcoming Trump-Xi discussions lead to licenses or expanded chip shipments. Nvidia’s forecast assumes no data center chip sales to China
• Positive Sentiment: New ecosystem initiatives reinforce NVIDIA’s expansion beyond GPUs. QAD | Redzone plans to integrate NVIDIA technology into manufacturing intelligence, while NVIDIA’s reported roughly $12.9 billion Hugging Face acquisition would add a major developer, model and dataset ecosystem. QAD Redzone Accelerates Manufacturing Intelligence with NVIDIA
• Neutral Sentiment: Investors are increasingly focused on AI infrastructure bottlenecks such as high-bandwidth memory, optical networking, power and cooling. Rising component costs could pressure NVIDIA’s margins, but may also validate demand and strengthen the position of critical suppliers such as Micron, Coherent and Lumentum. NVIDIA just named AI’s next bottleneck
• Negative Sentiment: AMD’s rapid advance is intensifying competitive pressure. Large OpenAI and Oracle commitments, rising data-center revenue and potential pricing power suggest hyperscalers are diversifying away from a single accelerator supplier. AMD chips away at NVIDIA’s AI throne
• Negative Sentiment: Other reports warn that higher interest rates, concentrated AI revenue, expensive infrastructure financing and persistent bubble concerns could weigh on NVIDIA’s richly valued shares. NVIDIA also missed the strongest portion of a Meta-driven chip rally, underscoring lingering growth expectations.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 34,918 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total value of $7,648,787.90. Following the completion of the transaction, the chief financial officer directly owned 765,103 shares in the company, valued at approximately $167,595,812.15. This represents a 4.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy S. Teter sold 30,000 shares of the firm's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $217.88, for a total value of $6,536,400.00. Following the sale, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $585,587,360.80. This trade represents a 1.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,735,658 shares of company stock valued at $392,663,865. 3.94% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NVDA shares. DZ Bank reiterated a "buy" rating on shares of NVIDIA in a research note on Wednesday, August 26th. Wedbush raised their price objective on NVIDIA from $330.00 to $345.00 and gave the stock an "outperform" rating in a research note on Thursday, August 27th. UBS Group set a $300.00 price objective on NVIDIA and gave the company a "buy" rating in a report on Thursday, August 27th. Morgan Stanley set a $300.00 target price on NVIDIA and gave the company an "overweight" rating in a research report on Thursday, August 27th. Finally, Citigroup restated a "buy" rating and issued a $315.00 price target (up from $300.00) on shares of NVIDIA in a research report on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $324.34.

NVIDIA Stock Up 0.7%

NVDA stock opened at $228.87 on Wednesday. The stock has a market capitalization of $5.52 trillion, a P/E ratio of 28.93, a price-to-earnings-growth ratio of 1.76 and a beta of 2.22. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a 12 month low of $164.27 and a 12 month high of $236.54. The firm has a 50-day moving average price of $215.47 and a 200-day moving average price of $205.09.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The firm's quarterly revenue was up 105.9% compared to the same quarter last year. During the same period last year, the company posted $1.05 EPS. As a group, equities research analysts anticipate that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be given a $0.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. NVIDIA's dividend payout ratio (DPR) is currently 12.64%.

NVIDIA Company Profile

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company's offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.