TD Asset Management Inc. lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 21.6% during the second quarter, HoldingsChannel reports. The firm owned 273,970 shares of the computer hardware maker’s stock after selling 75,630 shares during the quarter. TD Asset Management Inc.’s holdings in NVIDIA were worth $44,994,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Keybank National Association OH grew its holdings in shares of NVIDIA by 103.8% during the 2nd quarter. Keybank National Association OH now owns 11,601 shares of the computer hardware maker’s stock worth $1,905,000 after purchasing an additional 5,908 shares in the last quarter. Charter Trust Co. raised its position in shares of NVIDIA by 3.4% during the second quarter. Charter Trust Co. now owns 8,165 shares of the computer hardware maker’s stock worth $1,341,000 after acquiring an additional 271 shares during the last quarter. Wedbush Securities Inc. raised its position in shares of NVIDIA by 3.7% during the second quarter. Wedbush Securities Inc. now owns 22,269 shares of the computer hardware maker’s stock worth $3,657,000 after acquiring an additional 794 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its position in shares of NVIDIA by 10.9% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 21,972 shares of the computer hardware maker’s stock worth $3,608,000 after acquiring an additional 2,166 shares during the last quarter. Finally, CWM LLC raised its position in shares of NVIDIA by 273.6% during the second quarter. CWM LLC now owns 16,978 shares of the computer hardware maker’s stock worth $2,788,000 after acquiring an additional 12,434 shares during the last quarter. Institutional investors own 67.54% of the company’s stock.

Several equities research analysts recently commented on the company. UBS Group decreased their target price on NVIDIA from $210.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Cascend Securities raised NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Thursday, July 11th. Morgan Stanley raised their target price on NVIDIA from $148.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Monday, May 13th. Wedbush assumed coverage on NVIDIA in a research note on Wednesday, June 26th. They set an “outperform” rating and a $184.00 target price for the company. Finally, Summit Insights cut NVIDIA from a “buy” rating to a “hold” rating and set a $158.57 target price for the company. in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $194.07.

Shares of NASDAQ:NVDA traded down $1.36 during mid-day trading on Thursday, hitting $148.71. 3,173,575 shares of the company traded hands, compared to its average volume of 8,953,856. The stock has a market cap of $92.23 billion, a PE ratio of 24.50, a P/E/G ratio of 3.88 and a beta of 2.07. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.78 and a current ratio of 8.98. NVIDIA Co. has a 12-month low of $124.46 and a 12-month high of $292.76. The firm’s 50-day moving average price is $163.99.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.20 billion. NVIDIA had a return on equity of 31.27% and a net margin of 30.68%. NVIDIA’s quarterly revenue was down 30.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.05 earnings per share. As a group, research analysts forecast that NVIDIA Co. will post 4.16 earnings per share for the current year.

In related news, CFO Colette Kress sold 2,236 shares of NVIDIA stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $164.01, for a total transaction of $366,726.36. Following the transaction, the chief financial officer now owns 239,710 shares of the company’s stock, valued at $39,314,837.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Harvey C. Jones sold 100,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $145.10, for a total value of $14,510,000.00. Following the transaction, the director now directly owns 32,983 shares in the company, valued at approximately $4,785,833.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,736 shares of company stock worth $15,293,726. 4.64% of the stock is owned by insiders.

About NVIDIA

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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