EP Wealth Advisors LLC Has $191.76 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

EP Wealth Advisors LLC reduced its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,427,979 shares of the computer hardware maker's stock after selling 45,826 shares during the period. NVIDIA comprises about 1.6% of EP Wealth Advisors LLC's investment portfolio, making the stock its 16th biggest position. EP Wealth Advisors LLC's holdings in NVIDIA were worth $191,763,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Tacita Capital Inc bought a new position in shares of NVIDIA in the fourth quarter valued at about $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $34,000. Vision Financial Markets LLC bought a new position in NVIDIA in the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA in the 4th quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in NVIDIA during the 4th quarter worth $46,000. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm'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 transaction of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last ninety days. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Up 3.2%

Shares of NVDA stock traded up $4.21 during trading on Tuesday, reaching $135.50. The company's stock had a trading volume of 191,793,409 shares, compared to its average volume of 288,540,280. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. The business has a fifty day moving average price of $114.17 and a 200-day moving average price of $126.54. The company has a market cap of $3.31 trillion, a price-to-earnings ratio of 53.33, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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. The company had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is 1.36%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NVDA. Barclays lowered their target price on NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Piper Sandler reiterated an "overweight" rating on shares of NVIDIA in a research report on Friday, April 25th. Needham & Company LLC reaffirmed a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. William Blair reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Finally, UBS Group restated a "buy" rating on shares of NVIDIA in a report on Friday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $167.53.

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.