Waterway Wealth Management LLC Has $4.14 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Waterway Wealth Management LLC lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,842 shares of the computer hardware maker’s stock after acquiring an additional 934 shares during the quarter. NVIDIA makes up approximately 1.8% of Waterway Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. Waterway Wealth Management LLC’s holdings in NVIDIA were worth $4,142,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $34,000. Luken Investment Analytics LLC bought a new stake in NVIDIA during the fourth quarter worth $40,000. Lowe Wealth Advisors LLC acquired a new stake in NVIDIA in the fourth quarter valued at $46,000. 1620 Investment Advisors Inc. grew its position in shares of NVIDIA by 145.9% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after acquiring an additional 248 shares during the period. Finally, Gleason Group Inc. increased its stake in shares of NVIDIA by 52.9% during the 4th quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker’s stock worth $58,000 after purchasing an additional 148 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a report on Wednesday, March 19th. KeyCorp set a $190.00 price target on NVIDIA in a research note on Wednesday, March 19th. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Finally, Bank of America reissued a “buy” rating and issued a $200.00 price objective 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 given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $169.89.

NVIDIA Stock Performance

NVIDIA stock opened at $94.31 on Friday. The business has a 50 day moving average of $121.20 and a 200-day moving average of $130.96. The company has a market capitalization of $2.30 trillion, a P/E ratio of 37.12, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio is currently 1.36%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction dated 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 directly owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 183,609 shares of company stock valued at $22,642,615. 4.23% of the stock is currently owned by company insiders.

NVIDIA Company 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.