Webster Bank N. A. Buys 1,746 Shares of NVIDIA Co. (NASDAQ:NVDA)

Webster Bank N. A. increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 13.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,442 shares of the computer hardware maker’s stock after acquiring an additional 1,746 shares during the quarter. Webster Bank N. A.’s holdings in NVIDIA were worth $2,514,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FMR LLC raised its stake in NVIDIA by 1.8% during the first quarter. FMR LLC now owns 49,860,097 shares of the computer hardware maker’s stock valued at $8,952,880,000 after purchasing an additional 858,116 shares in the last quarter. Vanguard Group Inc. raised its stake in NVIDIA by 1.2% during the second quarter. Vanguard Group Inc. now owns 45,990,868 shares of the computer hardware maker’s stock valued at $7,553,081,000 after purchasing an additional 528,040 shares in the last quarter. Jennison Associates LLC raised its stake in NVIDIA by 10.6% during the second quarter. Jennison Associates LLC now owns 8,690,058 shares of the computer hardware maker’s stock valued at $1,427,168,000 after purchasing an additional 832,508 shares in the last quarter. Edgewood Management LLC raised its stake in shares of NVIDIA by 0.4% in the second quarter. Edgewood Management LLC now owns 7,890,343 shares of the computer hardware maker’s stock valued at $1,295,831,000 after acquiring an additional 31,623 shares during the period. Finally, Invesco Ltd. raised its stake in shares of NVIDIA by 4.3% in the second quarter. Invesco Ltd. now owns 7,364,460 shares of the computer hardware maker’s stock valued at $1,209,466,000 after acquiring an additional 304,337 shares during the period. Hedge funds and other institutional investors own 64.38% of the company’s stock.

In other news, Director Michael G. Mccaffery sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $165.97, for a total value of $2,489,550.00. Following the sale, the director now directly owns 27,579 shares in the company, valued at approximately $4,577,286.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Persis Drell sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $166.80, for a total transaction of $417,000.00. Following the completion of the sale, the director now owns 20,684 shares in the company, valued at $3,450,091.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,883 shares of company stock worth $12,042,217. 4.64% of the stock is owned by company insiders.

Several brokerages have recently weighed in on NVDA. Rosenblatt Securities reissued a “buy” rating and issued a $180.00 target price on shares of NVIDIA in a research note on Friday, August 16th. Wells Fargo & Co reissued a “buy” rating on shares of NVIDIA in a research note on Monday, August 12th. Susquehanna Bancshares set a $190.00 target price on shares of NVIDIA and gave the company a “buy” rating in a research note on Friday, August 16th. Mizuho reissued a “buy” rating and issued a $185.00 target price (down previously from $192.00) on shares of NVIDIA in a research note on Friday, August 16th. Finally, Nomura reissued a “hold” rating on shares of NVIDIA in a research note on Friday, August 23rd. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. NVIDIA has an average rating of “Buy” and an average target price of $190.04.

NVIDIA stock traded up $7.62 during midday trading on Thursday, hitting $180.66. 4,337,806 shares of the company’s stock were exchanged, compared to its average volume of 8,009,251. The company has a debt-to-equity ratio of 0.24, a quick ratio of 7.74 and a current ratio of 8.65. NVIDIA Co. has a 12 month low of $124.46 and a 12 month high of $292.76. The firm has a 50-day moving average of $170.89 and a two-hundred day moving average of $167.48. The company has a market cap of $109.83 billion, a PE ratio of 29.76, a P/E/G ratio of 4.48 and a beta of 2.05.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.37. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The company had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the business earned $1.94 EPS. The firm’s quarterly revenue was down 17.4% on a year-over-year basis. As a group, equities analysts expect that NVIDIA Co. will post 4.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 29th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Wednesday, August 28th. NVIDIA’s payout ratio is 10.54%.

NVIDIA Profile

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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