TD Waterhouse Canada Inc. Purchases 69,888 Shares of NVIDIA Co. (NASDAQ:NVDA)

TD Waterhouse Canada Inc. boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,326,815 shares of the computer hardware maker’s stock after acquiring an additional 69,888 shares during the quarter. NVIDIA accounts for 1.4% of TD Waterhouse Canada Inc.’s portfolio, making the stock its 18th largest position. TD Waterhouse Canada Inc.’s holdings in NVIDIA were worth $178,059,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Tacita Capital Inc bought a new stake in shares of NVIDIA during the 4th quarter worth about $28,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $34,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the 4th quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in NVIDIA during the 4th quarter worth approximately $46,000. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. HSBC cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a research report on Thursday, April 3rd. Wedbush restated an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Piper Sandler restated an “overweight” rating on shares of NVIDIA in a report on Friday, April 25th. DA Davidson lowered their price objective on shares of NVIDIA from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, KeyCorp set a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.84.

Insider Buying and Selling at NVIDIA

In other news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This represents a 27.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Dabiri sold 2,663 shares of the 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 sale, the director now directly owns 17,279 shares of the company’s stock, valued at $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.23% of the company’s stock.

NVIDIA Trading Up 0.4%

NASDAQ:NVDA opened at $135.40 on Friday. The company has a fifty day moving average of $112.33 and a 200 day moving average of $126.97. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.31 trillion, a P/E ratio of 53.29, a P/E/G ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th 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 of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

About NVIDIA

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.