TD Waterhouse Canada Inc. Buys 512,917 Shares of NVIDIA Corporation $NVDA

Key Points

• TD Waterhouse Canada increased its NVIDIA stake by 11%. The firm bought 512,917 shares, bringing its holdings to 5.2 million shares valued at approximately $1.03 billion and representing 2.7% of its portfolio.
• Institutional ownership remains strong, and analysts are broadly bullish. Hedge funds and other institutions own 65.27% of NVIDIA, while analysts maintain a consensus “Buy” rating with an average price target of $321.89.
• NVIDIA reported robust growth but insider selling continues. Quarterly revenue rose 105.9% year over year and exceeded estimates, while insiders sold roughly 1.77 million shares worth $399.5 million over the past 90 days; the company also authorized a $150 billion share-buyback program.

TD Waterhouse Canada Inc. increased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,196,841 shares of the computer hardware maker's stock after purchasing an additional 512,917 shares during the quarter. NVIDIA makes up approximately 2.7% of TD Waterhouse Canada Inc.'s portfolio, making the stock its 5th biggest holding. TD Waterhouse Canada Inc.'s holdings in NVIDIA were worth $1,027,269,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NVDA. Bank of America Corp DE raised its stake in shares of NVIDIA by 2.2% in the second quarter. Bank of America Corp DE now owns 195,366,864 shares of the computer hardware maker's stock valued at $39,090,956,000 after buying an additional 4,165,875 shares during the period. Amundi lifted its position in shares of NVIDIA by 10.4% during the 1st quarter. Amundi now owns 133,768,018 shares of the computer hardware maker's stock valued at $23,329,141,000 after buying an additional 12,575,177 shares during the last quarter. Deutsche Bank AG grew its stake in shares of NVIDIA by 2.3% during the 2nd quarter. Deutsche Bank AG now owns 91,954,159 shares of the computer hardware maker's stock worth $18,399,108,000 after acquiring an additional 2,045,101 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of NVIDIA by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker's stock worth $16,479,126,000 after acquiring an additional 555,221 shares during the period. Finally, Jupiter Topco LLC bought a new position in shares of NVIDIA during the 2nd quarter worth $16,156,076,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

NVDA has been the topic of a number of research reports. Morgan Stanley set a $230.00 price objective on NVIDIA in a research note on Friday, October 2nd. JPMorgan Chase & Co. upped their price objective on shares of NVIDIA from $280.00 to $320.00 and gave the company an "overweight" rating in a report on Thursday, August 27th. Rothschild & Co Redburn increased their target price on shares of NVIDIA from $300.00 to $325.00 in a research report on Thursday, August 27th. Sanford C. Bernstein reiterated a "buy" rating on shares of NVIDIA in a research note on Monday, September 21st. Finally, Stifel Nicolaus set a $315.00 price target on shares of NVIDIA in a research report on Thursday, August 27th. Five research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $321.89.

Insider Buying and Selling

In related news, Director Mark Stevens sold 622,239 shares of the company's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the sale, the director owned 2,336,531 shares of the company's stock, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 34,918 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the sale, the chief financial officer owned 765,103 shares in the company, valued at $167,595,812.15. This represents a 4.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,766,118 shares of company stock valued at $399,450,353. Company insiders own 3.94% of the company's stock.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: New RTX Spark laptops expand NVIDIA’s addressable market. Systems from ASUS, Dell, HP, Lenovo, Microsoft and MSI are now available starting at $2,599, combining Blackwell graphics, up to 128GB of memory and local AI capabilities. The launch could create a new consumer and developer revenue stream beyond data centers. NVIDIA RTX Spark PCs Available Today
• Positive Sentiment: Automotive and enterprise adoption continues. Volvo expanded its partnership with NVIDIA for automated-driving systems, while Adobe is integrating NVIDIA technology across Photoshop, Premiere and other creative tools. These agreements support longer-term demand for NVIDIA hardware and software. Volvo Cars expands automated driving partnership
• Positive Sentiment: Supply-chain investment and customer deployments remain strong. Taiwan is reportedly considering as much as $4 billion for Texas industrial parks serving NVIDIA suppliers, and customers continue deploying Blackwell systems. The developments reinforce demand, although they may take time to affect revenue. Taiwan Texas industrial parks
• Neutral Sentiment: NVIDIA is broadening its software and AI-model ecosystem. Paid offerings such as AI Enterprise and Mission Control, along with Nemotron open models and partnerships with AI startups, could make earnings less dependent on hardware. However, the articles provide no near-term financial contribution.
• Negative Sentiment: AI financing concerns are the main pressure. CoreWeave’s debt has reportedly traded at distressed yields, raising questions about whether highly leveraged customers can continue funding data-center expansion. Higher Treasury yields and inflation concerns are also making large AI projects more expensive. CoreWeave financing worries
• Negative Sentiment: Investors are questioning AI growth expectations. OpenAI’s reported $50 billion revenue run rate was below the roughly $68 billion previously anticipated, prompting concern that AI demand may mature more slowly. Microsoft’s development of custom Maia chips also highlights the risk of customers developing alternatives to NVIDIA GPUs. OpenAI revenue expectations
• Negative Sentiment: Reported insider selling adds a sentiment overhang. Recent data showed NVIDIA insiders made numerous sales and no open-market purchases over the past six months, though such transactions may reflect planned diversification rather than a change in business outlook.

NVIDIA Price Performance

NVDA stock opened at $214.13 on Monday. The stock has a 50-day simple moving average of $223.20 and a two-hundred day simple moving average of $211.42. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $243.37. The firm has a market capitalization of $5.16 trillion, a PE ratio of 27.07, a PEG ratio of 1.65 and a beta of 2.22. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The firm had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The company's revenue for the quarter was up 105.9% on a year-over-year basis. On average, equities analysts predict that NVIDIA Corporation will post 9.30 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA's payout ratio is currently 12.64%.

NVIDIA announced that its Board of Directors has initiated a share buyback program on Monday, September 28th that allows the company to buy back $150.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to purchase up to 2.8% of its shares through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

About NVIDIA

NVIDIA Corporation NASDAQ: NVDA is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company's products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.

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