NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Watershed Private Wealth LLC

Posted by Defense World Staff on Sep 24th, 2023

Watershed Private Wealth LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 0.5% during the second quarter, HoldingsChannel reports. The fund owned 7,070 shares of the computer hardware maker’s stock after buying an additional 38 shares during the period. NVIDIA comprises approximately 1.8% of Watershed Private Wealth LLC’s investment portfolio, making the stock its 19th biggest holding. Watershed Private Wealth LLC’s holdings in NVIDIA were worth $2,991,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVDA. David J Yvars Group lifted its position in NVIDIA by 1.5% during the first quarter. David J Yvars Group now owns 11,708 shares of the computer hardware maker’s stock worth $3,252,000 after buying an additional 168 shares during the period. Telos Capital Management Inc. grew its stake in NVIDIA by 48.1% during the 1st quarter. Telos Capital Management Inc. now owns 4,560 shares of the computer hardware maker’s stock valued at $1,267,000 after purchasing an additional 1,482 shares in the last quarter. Personal Capital Advisors Corp grew its stake in NVIDIA by 29.9% during the 4th quarter. Personal Capital Advisors Corp now owns 622,700 shares of the computer hardware maker’s stock valued at $91,001,000 after purchasing an additional 143,483 shares in the last quarter. Alta Wealth Advisors LLC lifted its holdings in NVIDIA by 14.9% during the 1st quarter. Alta Wealth Advisors LLC now owns 6,650 shares of the computer hardware maker’s stock worth $1,847,000 after buying an additional 863 shares during the last quarter. Finally, Inscription Capital LLC lifted its holdings in shares of NVIDIA by 1.3% in the 1st quarter. Inscription Capital LLC now owns 9,643 shares of the computer hardware maker’s stock worth $2,679,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

NVIDIA Stock Up 1.4 %

NVDA opened at $416.10 on Friday. The company has a quick ratio of 2.37, a current ratio of 2.79 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average price of $453.73 and a 200-day moving average price of $371.63. NVIDIA Co. has a twelve month low of $108.13 and a twelve month high of $502.66. The stock has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 100.51, a PEG ratio of 3.21 and a beta of 1.74.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.62. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The business had revenue of $13.51 billion during the quarter, compared to analyst estimates of $11.19 billion. During the same period in the prior year, the business posted $0.32 earnings per share. The company’s revenue was up 101.5% on a year-over-year basis. Equities research analysts forecast that NVIDIA Co. will post 9.46 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, September 6th. NVIDIA’s dividend payout ratio is currently 3.86%.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 29,688 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $454.01, for a total value of $13,478,648.88. Following the sale, the chief executive officer now directly owns 7,918,875 shares in the company, valued at approximately $3,595,248,438.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jen Hsun Huang sold 29,688 shares of NVIDIA stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $454.01, for a total value of $13,478,648.88. Following the completion of the sale, the chief executive officer now directly owns 7,918,875 shares in the company, valued at approximately $3,595,248,438.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 283 shares of NVIDIA stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $424.53, for a total transaction of $120,141.99. Following the sale, the director now owns 2,401 shares of the company’s stock, valued at $1,019,296.53. The disclosure for this sale can be found here. Insiders have sold 145,515 shares of company stock valued at $67,726,231 in the last 90 days. Company insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NVDA shares. Wolfe Research lifted their target price on NVIDIA from $570.00 to $630.00 and gave the company an “outperform” rating in a research note on Thursday, August 24th. HSBC lifted their target price on NVIDIA from $600.00 to $780.00 and gave the stock a “buy” rating in a report on Monday, August 21st. Rosenblatt Securities reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on NVIDIA from $440.00 to $560.00 and gave the company a “hold” rating in a report on Thursday, August 24th. Finally, Tigress Financial lifted their price objective on NVIDIA from $320.00 to $560.00 in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $555.70.

Get Our Latest Stock Analysis on NVDA

NVIDIA Profile

(Free Report)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.