NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 16.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,865,252 shares of the computer hardware maker's stock after selling 2,798,146 shares during the quarter. NVIDIA makes up 3.0% of Toronto Dominion Bank's holdings, making the stock its 6th largest position. Toronto Dominion Bank owned 0.06% of NVIDIA worth $1,683,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Hoertkorn Richard Charles raised its position in shares of NVIDIA by 2.0% in the third quarter. Hoertkorn Richard Charles now owns 3,490 shares of the computer hardware maker's stock valued at $424,000 after buying an additional 70 shares during the last quarter. Smart Portfolios LLC raised its holdings in NVIDIA by 2.7% in the 3rd quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker's stock valued at $341,000 after acquiring an additional 75 shares during the last quarter. Palisade Asset Management LLC lifted its stake in shares of NVIDIA by 0.5% during the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock worth $1,866,000 after purchasing an additional 75 shares during the period. Total Wealth Planning LLC lifted its position in NVIDIA by 3.6% during the third quarter. Total Wealth Planning LLC now owns 2,275 shares of the computer hardware maker's stock worth $276,000 after buying an additional 78 shares during the period. Finally, Boyd Watterson Asset Management LLC OH grew its holdings in NVIDIA by 0.3% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 30,080 shares of the computer hardware maker's stock valued at $3,653,000 after buying an additional 80 shares during the period. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NVDA. Truist Financial boosted their target price on shares of NVIDIA from $148.00 to $167.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Morgan Stanley upped their price objective on NVIDIA from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted their price target on NVIDIA from $115.00 to $140.00 and gave the company a "hold" rating in a research report on Thursday, November 21st. Citigroup raised their price objective on NVIDIA from $170.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.63.

NVIDIA Stock Up 2.3 %

Shares of NASDAQ:NVDA opened at $140.83 on Wednesday. The company's fifty day moving average is $138.84 and its two-hundred day moving average is $129.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 1-year low of $58.58 and a 1-year high of $153.13. The stock has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 55.42, a price-to-earnings-growth ratio of 2.48 and a beta of 1.64.

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

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In related news, CFO Colette Kress sold 66,670 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the transaction, the chief financial officer now directly owns 3,351,572 shares of the company's stock, valued at $453,802,848.80. This represents a 1.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the sale, the director now directly owns 19,942 shares in the company, valued at $2,831,764. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 over the last three months. Company insiders own 4.23% of the company's stock.

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.