TD Private Client Wealth LLC Purchases 2,094 Shares of NVIDIA Corporation $NVDA

Key Points

• TD Private Client Wealth LLC has increased its holdings in NVIDIA Corporation by 0.9%, acquiring an additional 2,094 shares to reach a total of 246,732 shares, valued at approximately $38.98 million.
• NVIDIA reported a significant quarterly revenue of $46.74 billion, exceeding analysts' expectations, with an earnings per share (EPS) of $1.05, up from $0.68 from the previous year.
• Insider trading activity includes substantial sales by CFO Colette Kress and CEO Jen Hsun Huang, who sold 30,500 and 75,000 shares, respectively, as part of recent transactions.

TD Private Client Wealth LLC increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 246,732 shares of the computer hardware maker's stock after purchasing an additional 2,094 shares during the quarter. NVIDIA makes up 1.0% of TD Private Client Wealth LLC's holdings, making the stock its 24th largest position. TD Private Client Wealth LLC's holdings in NVIDIA were worth $38,981,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Astoria Portfolio Advisors LLC. lifted its position in NVIDIA by 0.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock worth $9,610,000 after acquiring an additional 864 shares during the last quarter. Centerpoint Advisory Group raised its position in shares of NVIDIA by 2.5% in the first 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 lifted its position in shares of 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 acquiring an additional 1,043 shares during the period. Variant Private Wealth LLC increased its position in shares of NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after purchasing an additional 3,206 shares during the period. Finally, Financial Perspectives Inc raised its stake in NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Down 0.7%

NVDA stock opened at $187.62 on Monday. The company has a market cap of $4.56 trillion, a P/E ratio of 53.45, a price-to-earnings-growth ratio of 1.36 and a beta of 2.12. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $191.05. The stock's 50 day simple moving average is $178.11 and its 200 day simple moving average is $148.57. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. During the same period last year, the business earned $0.68 EPS. NVIDIA's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's payout ratio is presently 1.14%.

Analyst Upgrades and Downgrades

Several research firms have commented on NVDA. Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. UBS Group reissued a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Robert W. Baird upped their target price on NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a research note on Monday, August 25th. Wells Fargo & Company lifted their price target on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Finally, Loop Capital boosted their price target on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $211.00.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 30,500 shares of the firm's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the transaction, the chief financial officer owned 2,883,402 shares of the company's stock, valued at approximately $508,632,112.80. This trade represents a 1.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $186.61, for a total value of $13,995,750.00. Following the sale, the chief executive officer directly owned 71,083,203 shares of the company's stock, valued at $13,264,836,511.83. This represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,971,893 shares of company stock worth $694,502,352. 4.17% of the stock is currently owned by insiders.

About NVIDIA

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.