NVIDIA Corporation $NVDA Shares Sold by Webster Bank N. A.

Key Points

• Webster Bank N. A. has cut its stake in NVIDIA Corporation by 1.2%, now holding approximately $38.97 million worth of shares, making it the bank's 4th largest holding.
• Several institutional investors, including MRA Advisory Group and Richard P Slaughter Associates Inc, have increased their stakes in NVIDIA during the second quarter, indicating strong interest in the stock.
• NVIDIA recently declared a quarterly dividend of $0.01 per share, set to be paid on October 2nd, maintaining a low dividend yield of 0.0% due to a low payout ratio.

Webster Bank N. A. cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 246,638 shares of the computer hardware maker's stock after selling 3,080 shares during the quarter. NVIDIA comprises 4.0% of Webster Bank N. A.'s portfolio, making the stock its 4th biggest holding. Webster Bank N. A.'s holdings in NVIDIA were worth $38,966,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC grew its position in shares of NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after acquiring an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE raised its position in NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after purchasing an additional 3,653 shares during the last quarter. Hudson Value Partners LLC raised its position in NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its position in NVIDIA by 1.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 737,749 shares of the computer hardware maker's stock valued at $99,072,000 after purchasing an additional 13,700 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.42, for a total value of $13,231,500.00. Following the completion of the transaction, the chief executive officer directly owned 71,683,203 shares of the company's stock, valued at approximately $12,646,350,673.26. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the transaction, the chief financial officer directly owned 2,883,402 shares of the company's stock, valued at $508,632,112.80. The trade was a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,020,022 shares of company stock worth $677,418,500. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NVDA traded up $0.43 on Friday, reaching $176.67. The company had a trading volume of 236,580,653 shares, compared to its average volume of 177,120,144. The stock has a 50-day moving average price of $175.73 and a 200-day moving average price of $143.62. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $4.29 trillion, a PE ratio of 50.33, a P/E/G ratio of 1.28 and a beta of 2.10.

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

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

Several analysts have commented on the company. Morgan Stanley increased their target price on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Oppenheimer reaffirmed an "outperform" rating and issued a $225.00 target price (up from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Wells Fargo & Company raised their price target on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Bank of America raised their price objective on NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Finally, Benchmark boosted their target price on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $208.47.

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.