EP Wealth Advisors LLC Sells 45,826 Shares of NVIDIA Co. (NASDAQ:NVDA)

EP Wealth Advisors LLC trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,427,979 shares of the computer hardware maker's stock after selling 45,826 shares during the period. NVIDIA comprises 1.6% of EP Wealth Advisors LLC's holdings, making the stock its 16th largest position. EP Wealth Advisors LLC's holdings in NVIDIA were worth $191,763,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Hickory Point Bank & Trust purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $2,272,000. Capital Performance Advisors LLP boosted its stake in NVIDIA by 59.3% during the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after buying an additional 9,944 shares during the last quarter. Waddell & Associates LLC grew its holdings in NVIDIA by 1.2% in the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after buying an additional 297 shares in the last quarter. Strategy Asset Managers LLC raised its holdings in shares of NVIDIA by 0.8% during the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after acquiring an additional 405 shares during the period. Finally, Ethos Financial Group LLC boosted its position in shares of NVIDIA by 24.1% during the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after acquiring an additional 6,241 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. The trade was a 17.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The stock was 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. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a research note on Thursday. Raymond James increased their price target on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a report on Thursday. Bank of America raised their price objective on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $171.66.

NVIDIA Stock Up 3.2%

NASDAQ NVDA traded up $4.38 during trading on Thursday, hitting $139.19. The stock had a trading volume of 368,832,482 shares, compared to its average volume of 286,404,452. The company's 50-day moving average price is $115.20 and its two-hundred day moving average price is $126.61. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a market capitalization of $3.40 trillion, a PE ratio of 54.78, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period last year, the firm earned $0.61 EPS. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. As a group, sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio is 1.36%.

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.