Webster Bank N. A. Has $38.97 Million Stock Position in NVIDIA Corporation $NVDA

Webster Bank N. A. trimmed its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,638 shares of the computer hardware maker’s stock after selling 3,080 shares during the quarter. NVIDIA makes up about 4.0% of Webster Bank N. A.’s portfolio, making the stock its 4th largest holding. Webster Bank N. A.’s holdings in NVIDIA were worth $38,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. MRA Advisory Group increased its position in NVIDIA by 16.2% during the 2nd quarter. MRA Advisory Group now owns 25,034 shares of the computer hardware maker’s stock worth $3,955,000 after purchasing an additional 3,483 shares in the last quarter. Richard P Slaughter Associates Inc increased its position in NVIDIA by 11.2% during the 2nd quarter. Richard P Slaughter Associates Inc now owns 60,083 shares of the computer hardware maker’s stock worth $9,493,000 after purchasing an additional 6,046 shares in the last quarter. Canandaigua National Trust Co of Florida increased its position in NVIDIA by 5.5% during the 2nd quarter. Canandaigua National Trust Co of Florida now owns 12,866 shares of the computer hardware maker’s stock worth $2,033,000 after purchasing an additional 668 shares in the last quarter. Hickory Point Bank & Trust increased its position in NVIDIA by 0.8% during the 2nd quarter. Hickory Point Bank & Trust now owns 16,682 shares of the computer hardware maker’s stock worth $2,636,000 after purchasing an additional 125 shares in the last quarter. Finally, Ballew Advisors Inc increased its position in NVIDIA by 13.5% in the 2nd quarter. Ballew Advisors Inc now owns 9,367 shares of the computer hardware maker’s stock valued at $1,493,000 after acquiring an additional 1,117 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, Director Stephen C. Neal sold 28,000 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $177.58, for a total value of $4,972,240.00. Following the completion of the sale, the director directly owned 143,410 shares in the company, valued at approximately $25,466,747.80. This trade represents a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.42, for a total transaction of $13,231,500.00. Following the completion of the sale, the chief executive officer owned 71,683,203 shares of the company’s stock, valued at $12,646,350,673.26. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,020,022 shares of company stock valued at $677,418,500. Company insiders own 4.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on NVDA. KeyCorp restated an “overweight” rating and issued a $230.00 price target (up from $215.00) on shares of NVIDIA in a research report on Thursday, August 28th. Stifel Nicolaus upped their price target on shares of NVIDIA from $202.00 to $212.00 and gave the company a “buy” rating in a research report on Monday, August 25th. Oppenheimer restated an “outperform” rating and issued a $225.00 price target (up from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Barclays upped their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, June 17th. Finally, TD Cowen upped their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, August 19th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $208.47.

NVIDIA Trading Up 0.2%

NASDAQ:NVDA opened at $176.67 on Friday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $4.29 trillion, a price-to-earnings ratio of 50.33, a PEG ratio of 1.27 and a beta of 2.10. The firm has a fifty day simple moving average of $175.73 and a two-hundred day simple moving average of $143.44. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.

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.