EPG Wealth Management LLC Reduces Holdings in NVIDIA Co. (NASDAQ:NVDA)

EPG Wealth Management LLC trimmed its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,833 shares of the computer hardware maker's stock after selling 5,263 shares during the quarter. NVIDIA comprises about 3.6% of EPG Wealth Management LLC's investment portfolio, making the stock its 3rd biggest position. EPG Wealth Management LLC's holdings in NVIDIA were worth $13,809,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NVDA. DiNuzzo Private Wealth Inc. grew its position in NVIDIA by 0.8% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock valued at $1,157,000 after acquiring an additional 71 shares during the last quarter. Baker Boyer National Bank boosted its stake in NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock valued at $323,000 after acquiring an additional 76 shares in the last quarter. Kwmg LLC grew its holdings in NVIDIA by 0.6% in the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock worth $1,755,000 after purchasing an additional 77 shares during the last quarter. SC&H Financial Advisors Inc. increased its position in shares of NVIDIA by 1.6% during the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock worth $681,000 after purchasing an additional 80 shares in the last quarter. Finally, DecisionPoint Financial LLC lifted its holdings in shares of NVIDIA by 2.9% during the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock valued at $386,000 after purchasing an additional 80 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NVDA shares. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Raymond James reiterated a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Mizuho cut their price target on NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Benchmark reaffirmed a "buy" rating and set a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Rosenblatt Securities reduced their price target on NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $167.53.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares of the company's stock, valued at $28,993,071.56. This trade represents a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Up 3.2%

NASDAQ NVDA traded up $4.21 during trading hours on Tuesday, reaching $135.50. 191,793,409 shares of the company traded hands, compared to its average volume of 288,540,280. The company has a 50 day moving average of $114.17 and a two-hundred day moving average of $126.54. The stock has a market capitalization of $3.31 trillion, a PE ratio of 53.33, a PEG 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. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 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 the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.36%.

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.