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 fourth quarter, according to the company in its most recent disclosure 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 about 1.6% of EP Wealth Advisors LLC's portfolio, 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.

Other institutional investors have also added to or reduced their stakes in the company. Tacita Capital Inc acquired a new position in NVIDIA during the fourth quarter worth $28,000. Legend Financial Advisors Inc. acquired a new stake in NVIDIA in the 4th quarter valued at $34,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the 4th quarter worth about $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $46,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Price Performance

Shares of NVDA stock traded up $6.80 during trading on Thursday, hitting $141.61. The company had a trading volume of 154,944,890 shares, compared to its average volume of 286,706,902. The firm has a market capitalization of $3.46 trillion, a P/E ratio of 55.54, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. 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 stock's 50-day moving average price is $114.85 and its 200 day moving average price is $126.66.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its 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). The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business's revenue was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. Equities analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last quarter. 4.17% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on NVDA. Susquehanna reissued a "positive" rating and set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. KeyCorp set a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 price target on shares of NVIDIA in a research report on Thursday. Citigroup reiterated a "buy" rating on shares of NVIDIA in a research note on Thursday. Finally, Raymond James restated a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-five have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $169.50.

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.