NVIDIA Corporation $NVDA Stock Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 7.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,564,890 shares of the computer hardware maker’s stock after acquiring an additional 368,049 shares during the period. NVIDIA makes up 3.4% of TD Waterhouse Canada Inc.’s investment portfolio, making the stock its 4th largest position. TD Waterhouse Canada Inc.’s holdings in NVIDIA were worth $1,286,109,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Intelligent Financial Strategies purchased a new stake in NVIDIA in the third quarter valued at approximately $26,000. Montgomery Financial Services LLC bought a new stake in NVIDIA during the second quarter valued at approximately $28,000. Newton One Investments LLC bought a new stake in NVIDIA during the third quarter valued at approximately $34,000. Phillip James Consulting Co. bought a new stake in NVIDIA during the first quarter valued at approximately $40,000. Finally, Bard Associates Inc. grew its stake in NVIDIA by 8,866.7% in the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker’s stock worth $54,000 after buying an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Key NVIDIA News

These are some of the NVDA news items that stood out recently:

• Positive Sentiment: Some investors see the selloff as an opportunity: retail traders reportedly bought about $111 million of NVDA in the first 30 minutes of trading. Bullish commentary points to NVIDIA’s established AI business and continuing infrastructure demand. Article: Huang Exit Fuels Nvidia Bulls
• Neutral Sentiment: Kress’s experience as CFO and the board’s assurance that customer commitments and the product roadmap will continue provide some operational continuity, though she is serving only on an interim basis. NVIDIA’s fiscal Q3 report on Nov. 17 is the next key test for demand, guidance and confidence in the transition. Article: Colette Kress named interim CEO
• Negative Sentiment: Huang’s departure raises key-person and succession concerns after 33 years at the helm. The surrounding allegations and scrutiny—including questions about possible chip diversion to China—could invite tighter export controls and damage investor confidence; these claims remain under investigation and are not established findings. Article: Jensen Huang steps down

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $166.19 on Friday. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $4.01 trillion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.34 and a beta of 2.21. The firm’s 50 day moving average price is $215.96 and its 200-day moving average price is $204.25. NVIDIA Corporation has a twelve month low of $148.80 and a twelve month high of $243.37.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The company had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. During the same period in the previous year, the business posted $1.05 earnings per share. The firm’s quarterly revenue was up 105.9% compared to the same quarter last year. Equities research analysts expect that NVIDIA Corporation will post 9.29 EPS for the current year.

NVIDIA declared that its board has approved a stock repurchase program on Monday, September 28th that authorizes the company to buy back $150 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Share repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, September 10th. NVIDIA’s dividend payout ratio (DPR) is currently 12.64%.

Insider Activity

In related news, Director Mark A. Stevens sold 622,239 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $231.62, for a total value of $144,122,997.18. Following the transaction, the director directly owned 2,336,531 shares of the company’s stock, valued at approximately $541,187,310.22. This trade represents a 21.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction on Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the transaction, the executive vice president owned 2,687,660 shares in the company, valued at $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,766,118 shares of company stock valued at $399,450,353 in the last 90 days. Company insiders own 3.94% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stifel Nicolaus set a $205.00 price target on shares of NVIDIA and gave the stock a “buy” rating in a report on Thursday. Raymond James Financial raised NVIDIA from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday. New Street Research restated a “buy” rating on shares of NVIDIA in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on NVIDIA from $280.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. Finally, Wall Street Zen cut NVIDIA from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 24th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $283.63.

NVIDIA Profile

NVIDIA Corporation develops graphics processing units (GPUs), accelerated computing platforms and related software. Founded in 1993, the company first became widely known for GPUs used in PC gaming and professional graphics. Its technology now also supports artificial intelligence, scientific computing and other data-intensive applications. NVIDIA’s offerings include GeForce products for gaming, data-center GPUs and systems for AI workloads, and networking products that connect computing infrastructure.