Waterway Wealth Management LLC Buys 934 Shares of NVIDIA Co. (NASDAQ:NVDA)

Waterway Wealth Management LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 30,842 shares of the computer hardware maker’s stock after acquiring an additional 934 shares during the period. NVIDIA accounts for about 1.8% of Waterway Wealth Management LLC’s portfolio, making the stock its 11th biggest position. Waterway Wealth Management LLC’s holdings in NVIDIA were worth $4,142,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NVDA. Capital Performance Advisors LLP grew its stake in NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock valued at $3,586,000 after acquiring an additional 9,944 shares during the period. Palisade Asset Management LLC lifted its holdings in shares of NVIDIA by 0.5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock worth $1,866,000 after purchasing an additional 75 shares in the last quarter. SMART Wealth LLC grew its position in NVIDIA by 289.5% in the 4th quarter. SMART Wealth LLC now owns 72,311 shares of the computer hardware maker’s stock valued at $9,711,000 after purchasing an additional 53,747 shares during the period. Blue Square Asset Management LLC increased its stake in NVIDIA by 26.7% during the 3rd quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker’s stock valued at $5,840,000 after purchasing an additional 10,136 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in NVIDIA by 29.6% during the fourth quarter. Wealthspire Advisors LLC now owns 174,896 shares of the computer hardware maker’s stock worth $23,487,000 after buying an additional 39,944 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NVIDIA stock opened at $94.31 on Friday. The firm’s 50 day simple moving average is $121.20 and its 200 day simple moving average is $130.96. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95. The firm has a market capitalization of $2.30 trillion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. As a group, analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NVDA. Benchmark reiterated a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. William Blair reissued an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Needham & Company LLC reissued a “buy” rating and issued a $160.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Wedbush reaffirmed an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, February 20th. Finally, Bank of America reissued a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Five investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average price target of $169.89.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares of the company’s stock, valued at $55,997,190.40. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 183,609 shares of company stock worth $22,642,615. Insiders own 4.23% 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.