NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Webster Bank N. A.

Webster Bank N. A. lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 249,718 shares of the computer hardware maker’s stock after selling 1,543 shares during the quarter. NVIDIA makes up about 3.0% of Webster Bank N. A.’s holdings, making the stock its 5th largest position. Webster Bank N. A.’s holdings in NVIDIA were worth $27,064,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Tacita Capital Inc purchased a new stake in NVIDIA during the 4th quarter worth about $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA during the 4th quarter worth about $38,000. Luken Investment Analytics LLC purchased a new stake in NVIDIA during the 4th quarter worth about $40,000. Copia Wealth Management purchased a new stake in NVIDIA during the 4th quarter worth about $50,000. Finally, LSV Asset Management purchased a new stake in NVIDIA during the 4th quarter worth about $54,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director now directly owns 9,214,697 shares of the company’s stock, valued at $1,298,535,101.24. This represents a 9.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company’s stock, valued at $28,993,071.56. This trade represents a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,255,320 shares of company stock valued at $172,680,419 in the last three months. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $142.63 on Tuesday. The business’s 50 day moving average is $119.10 and its two-hundred day moving average is $126.11. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The firm has a market cap of $3.48 trillion, a price-to-earnings ratio of 56.13, a PEG ratio of 1.76 and a beta of 2.12. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 69.2% on a year-over-year basis. Analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA’s payout ratio is 1.29%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Raymond James lifted their price objective on NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 29th. Benchmark restated a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a report on Thursday, May 29th. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Morgan Stanley restated an “overweight” rating and issued a $170.00 price target (up previously from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Finally, Tigress Financial restated a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $171.66.

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.