Toronto Dominion Bank grew its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 53.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,334,784 shares of the computer hardware maker’s stock after acquiring an additional 7,469,532 shares during the quarter. NVIDIA makes up 4.5% of Toronto Dominion Bank’s holdings, making the stock its 2nd largest holding. Toronto Dominion Bank’s holdings in NVIDIA were worth $2,865,045,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tacita Capital Inc bought a new position in shares of NVIDIA during the 4th quarter valued at $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA during the 4th quarter valued at $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA during the 4th quarter valued at $40,000. LSV Asset Management bought a new position in shares of NVIDIA during the 4th quarter valued at $54,000. Finally, Gleason Group Inc. lifted its holdings in shares of NVIDIA by 52.9% during the 4th quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker’s stock valued at $58,000 after buying an additional 148 shares during the period. 65.27% of the stock is owned by institutional investors.
Insider Buying and Selling
In other NVIDIA news, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.17% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on NVDA shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $170.00 target price (up from $160.00) on shares of NVIDIA in a report on Thursday. Piper Sandler reaffirmed an “overweight” rating and issued a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Wednesday. Citigroup reaffirmed a “buy” rating and issued a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Thursday. Wedbush reaffirmed an “outperform” rating on shares of NVIDIA in a report on Thursday. Finally, William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $171.66.
Get Our Latest Report on NVIDIA
NVIDIA Trading Down 3.5%
NVDA opened at $134.28 on Friday. The firm has a market cap of $3.28 trillion, a P/E ratio of 52.85, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $115.48 and a 200 day moving average of $126.52.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company’s revenue was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 EPS. As a group, research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.29%.
About NVIDIA
(Free Report)
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.
Further Reading
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