EPG Wealth Management LLC Lowers Stake in NVIDIA Co. (NASDAQ:NVDA)

EPG Wealth Management LLC lowered its stake in NVIDIA Co. (NASDAQ:NVDA) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,833 shares of the computer hardware maker’s stock after selling 5,263 shares during the quarter. NVIDIA makes up 3.6% of EPG Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position. EPG Wealth Management LLC’s holdings in NVIDIA were worth $13,809,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Canandaigua National Trust Co of Florida grew its stake in NVIDIA by 17.8% in the 4th quarter. Canandaigua National Trust Co of Florida now owns 14,200 shares of the computer hardware maker’s stock worth $1,907,000 after buying an additional 2,148 shares in the last quarter. APEIRON CAPITAL Ltd boosted its stake in shares of NVIDIA by 46.1% during the fourth quarter. APEIRON CAPITAL Ltd now owns 284,100 shares of the computer hardware maker’s stock valued at $38,152,000 after purchasing an additional 89,650 shares during the period. Bangor Savings Bank increased its position in shares of NVIDIA by 60.5% in the fourth quarter. Bangor Savings Bank now owns 14,006 shares of the computer hardware maker’s stock valued at $1,881,000 after acquiring an additional 5,277 shares during the period. Diversified Trust Co lifted its holdings in NVIDIA by 4.1% in the 4th quarter. Diversified Trust Co now owns 659,442 shares of the computer hardware maker’s stock worth $88,557,000 after buying an additional 26,179 shares during the period. Finally, Bank & Trust Co increased its position in NVIDIA by 5.3% during the 4th quarter. Bank & Trust Co now owns 5,593 shares of the computer hardware maker’s stock valued at $751,000 after purchasing an additional 279 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 1.2%

NASDAQ NVDA opened at $131.29 on Monday. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.21 trillion, a P/E ratio of 51.67, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The stock’s 50-day moving average price is $113.89 and its 200-day moving average price is $126.65.

NVIDIA (NASDAQ:NVDA) 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 analysts’ expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

Insider Buying and Selling

In other news, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares of the company’s stock, valued at $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of NVIDIA 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 sale, the chief financial officer now directly owns 3,085,765 shares in the company, 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. In the last quarter, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research reports. Seaport Res Ptn upgraded 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 reduced their price objective on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Hsbc Global Res downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, UBS Group reissued a “buy” rating on shares of NVIDIA in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.53.

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.