NVIDIA Corporation $NVDA is Westpac Banking Corp's 3rd Largest Position

Key Points

• Westpac Banking Corp has reduced its stake in NVIDIA Corporation by 8.0%, retaining approximately 705,829 shares, which represents 5.6% of its total holdings and makes it the bank's 3rd largest position.
• NVIDIA announced a quarterly dividend of $0.01 per share, with the payout date set for October 2nd, reflecting a minimal annual yield of 0.0%.
• Analysts have issued a mix of ratings for NVIDIA, with four analysts rating it as a Strong Buy and an average target price of $207.42, suggesting positive investor confidence in the stock's performance.

Westpac Banking Corp reduced its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 705,829 shares of the computer hardware maker's stock after selling 61,178 shares during the period. NVIDIA comprises approximately 5.6% of Westpac Banking Corp's holdings, making the stock its 3rd largest position. Westpac Banking Corp's holdings in NVIDIA were worth $76,498,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Copia Wealth Management bought a new stake in shares of NVIDIA in the 4th quarter worth $50,000. Kathleen S. Wright Associates Inc. increased its holdings in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA in the 1st quarter worth $51,000. Bruce G. Allen Investments LLC increased its holdings in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. increased its holdings in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research analyst reports. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Citigroup decreased their target price on shares of NVIDIA from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday. Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Finally, Bank of America boosted their target price on shares of NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $207.42.

NVIDIA Trading Up 1.5%

Shares of NVDA stock opened at $170.76 on Wednesday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The firm has a fifty day moving average price of $173.29 and a 200-day moving average price of $140.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The company has a market cap of $4.15 trillion, a price-to-earnings ratio of 48.65, a PEG ratio of 1.22 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,832,755 shares of company stock valued at $619,935,680. Company insiders own 4.17% of the company's stock.

NVIDIA Profile

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.

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