NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Waterfront Wealth Inc.

Waterfront Wealth Inc. boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,436 shares of the computer hardware maker’s stock after purchasing an additional 323 shares during the quarter. Waterfront Wealth Inc.’s holdings in NVIDIA were worth $999,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Investors Asset Management of Georgia Inc. GA ADV increased its position in NVIDIA by 41.5% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 3,205 shares of the computer hardware maker’s stock worth $430,000 after purchasing an additional 940 shares during the last quarter. Trinity Legacy Partners LLC grew its stake in shares of NVIDIA by 2.2% during the 4th quarter. Trinity Legacy Partners LLC now owns 92,924 shares of the computer hardware maker’s stock valued at $12,479,000 after buying an additional 1,996 shares during the period. Financial Harvest LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth $1,482,000. Nicholson Wealth Management Group LLC purchased a new position in shares of NVIDIA in the 4th quarter worth $235,000. Finally, RPS Advisory Solutions LLC boosted its holdings in NVIDIA by 7.1% in the fourth quarter. RPS Advisory Solutions LLC now owns 49,599 shares of the computer hardware maker’s stock valued at $6,661,000 after acquiring an additional 3,282 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Down 5.7 %

Shares of NASDAQ:NVDA opened at $113.76 on Thursday. The company’s fifty day moving average is $126.01 and its two-hundred day moving average is $131.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $153.13. The stock has a market capitalization of $2.78 trillion, a price-to-earnings ratio of 44.77, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.

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

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. The trade was a 2.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s 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 transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 183,609 shares of company stock worth $22,642,615 in the last three months. 4.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. KeyCorp set a $190.00 price target on NVIDIA in a research note on Wednesday, March 19th. Summit Insights downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Truist Financial raised their price target on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Bank of America reiterated a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Wedbush restated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.51.

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.