TD Private Client Wealth LLC Decreases Position in NVIDIA Co. (NASDAQ:NVDA)

TD Private Client Wealth LLC reduced its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 10.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,230 shares of the computer hardware maker's stock after selling 28,913 shares during the quarter. NVIDIA makes up about 0.8% of TD Private Client Wealth LLC's investment portfolio, making the stock its 26th largest holding. TD Private Client Wealth LLC's holdings in NVIDIA were worth $28,931,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVDA. Ironwood Wealth Management LLC. grew its holdings in NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker's stock valued at $782,000 after buying an additional 5,695 shares in the last quarter. Financial Guidance Group Inc. raised its position in NVIDIA by 900.0% during the second quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker's stock valued at $445,000 after purchasing an additional 3,240 shares during the period. Tobam increased its position in shares of NVIDIA by 811.4% during the 2nd quarter. Tobam now owns 41,489 shares of the computer hardware maker's stock valued at $5,126,000 after purchasing an additional 36,937 shares during the last quarter. Great Diamond Partners LLC increased its position in NVIDIA by 859.1% during the second quarter. Great Diamond Partners LLC now owns 54,995 shares of the computer hardware maker's stock valued at $6,794,000 after acquiring an additional 49,261 shares during the last quarter. Finally, Rather & Kittrell Inc. boosted its stake in shares of NVIDIA by 947.4% during the 2nd quarter. Rather & Kittrell Inc. now owns 6,777 shares of the computer hardware maker's stock worth $837,000 after purchasing an additional 6,130 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $140.83 on Wednesday. The stock has a market cap of $3.45 trillion, a price-to-earnings ratio of 55.42, a PEG ratio of 2.48 and a beta of 1.64. NVIDIA Co. has a 12 month low of $58.58 and a 12 month high of $153.13. The company has a 50 day simple moving average of $138.84 and a two-hundred day simple moving average of $129.11. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's revenue was up 93.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 earnings per share. As a group, analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA's dividend payout ratio is currently 1.57%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus raised their price target on NVIDIA from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Needham & Company LLC raised their target price on shares of NVIDIA from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Cantor Fitzgerald reissued an "overweight" rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. Bank of America reiterated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Finally, Melius Research lifted their price objective on NVIDIA from $165.00 to $185.00 and gave the company a "buy" rating in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $164.63.

Insider Buying and Selling at NVIDIA

In other news, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Dabiri sold 716 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the transaction, the director now directly owns 19,942 shares of the company's stock, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by company insiders.

NVIDIA 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.