NVIDIA Co. (NASDAQ:NVDA) Position Trimmed by EPG Wealth Management LLC

EPG Wealth Management LLC lessened its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 102,833 shares of the computer hardware maker's stock after selling 5,263 shares during the period. NVIDIA accounts for 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.

A number of other hedge funds have also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. lifted its holdings 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 worth $1,157,000 after buying an additional 71 shares during the period. Baker Boyer National Bank raised its holdings in shares of NVIDIA by 3.3% during 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 boosted 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 valued at $1,755,000 after acquiring an additional 77 shares in the last quarter. SC&H Financial Advisors Inc. increased its position in NVIDIA by 1.6% during the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock valued at $681,000 after purchasing an additional 80 shares during the period. Finally, DecisionPoint Financial LLC lifted its position in shares of NVIDIA by 2.9% in the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock worth $386,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This represents a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35% 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 company insiders.

NVIDIA Stock Up 5.0%

NVIDIA stock traded up $6.80 during midday trading on Thursday, hitting $141.61. 154,944,890 shares of the company's stock were exchanged, compared to its average volume of 286,706,902. 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 cap of $3.46 trillion, a PE ratio of 55.54, a P/E/G ratio of 1.76 and a beta of 2.11. The firm has a 50-day moving average of $114.85 and a two-hundred day moving average of $126.66. 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 issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. As a group, analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday. Truist Financial lifted their price target on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Raymond James reiterated a "strong-buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Needham & Company LLC reiterated a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a research note on Thursday. Finally, UBS Group restated a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-five have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $169.50.

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.