Toronto Dominion Bank cut its stake in NVIDIA Co. (NASDAQ:NVDA) by 16.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 458,340 shares of the computer hardware maker’s stock after selling 92,049 shares during the period. Toronto Dominion Bank owned about 0.08% of NVIDIA worth $75,257,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC increased its position in NVIDIA by 1.8% during the first quarter. FMR LLC now owns 49,860,097 shares of the computer hardware maker’s stock worth $8,952,880,000 after acquiring an additional 858,116 shares during the period. Jennison Associates LLC raised its position in shares of NVIDIA by 10.6% during the second quarter. Jennison Associates LLC now owns 8,690,058 shares of the computer hardware maker’s stock worth $1,427,168,000 after acquiring an additional 832,508 shares during the last quarter. Edgewood Management LLC lifted its stake in shares of NVIDIA by 0.4% in the second quarter. Edgewood Management LLC now owns 7,890,343 shares of the computer hardware maker’s stock worth $1,295,831,000 after acquiring an additional 31,623 shares during the period. Northern Trust Corp boosted its holdings in NVIDIA by 3.3% in the second quarter. Northern Trust Corp now owns 7,183,137 shares of the computer hardware maker’s stock valued at $1,179,686,000 after acquiring an additional 230,497 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in NVIDIA by 10.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,456,518 shares of the computer hardware maker’s stock valued at $567,664,000 after acquiring an additional 315,383 shares during the last quarter. 64.51% of the stock is owned by institutional investors and hedge funds.

NVDA has been the topic of a number of research analyst reports. Cascend Securities raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Thursday, July 11th. Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating and set a $158.57 target price on the stock. in a research note on Friday, May 17th. ValuEngine upgraded NVIDIA from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price objective on shares of NVIDIA in a research report on Friday, August 16th. Finally, Needham & Company LLC reissued a “sell” rating on shares of NVIDIA in a research report on Friday, August 16th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. NVIDIA currently has a consensus rating of “Buy” and a consensus target price of $190.40.

In other news, Director Persis Drell sold 2,500 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $166.80, for a total transaction of $417,000.00. Following the sale, the director now directly owns 20,684 shares of the company’s stock, valued at approximately $3,450,091.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 2,236 shares of the stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $164.01, for a total transaction of $366,726.36. Following the sale, the chief financial officer now directly owns 239,710 shares in the company, valued at $39,314,837.10. The disclosure for this sale can be found here. Insiders have sold a total of 129,597 shares of company stock worth $19,452,252 over the last ninety days. 4.64% of the stock is owned by insiders.

Shares of NASDAQ:NVDA traded up $1.20 during trading on Wednesday, hitting $184.38. 3,766,947 shares of the company’s stock were exchanged, compared to its average volume of 10,577,322. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.65 and a quick ratio of 7.74. NVIDIA Co. has a 52-week low of $124.46 and a 52-week high of $292.76. The business’s 50-day simple moving average is $165.83 and its 200 day simple moving average is $165.45. The company has a market cap of $111.56 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 4.63 and a beta of 2.07.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.37. NVIDIA had a return on equity of 24.40% and a net margin of 26.93%. The company had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the previous year, the firm earned $1.94 EPS. The firm’s revenue was down 17.4% compared to the same quarter last year. On average, sell-side analysts anticipate that NVIDIA Co. will post 4.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 29th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.35%. The ex-dividend date is Wednesday, August 28th. NVIDIA’s dividend payout ratio is currently 10.54%.

NVIDIA Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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