EP Wealth Advisors LLC Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

EP Wealth Advisors LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,784 shares of the computer hardware maker’s stock, valued at approximately $348,000.

Several other institutional investors also recently added to or reduced their stakes in NVDA. Norges Bank acquired a new position in NVIDIA during the fourth quarter worth approximately $3,900,874,000. Moneta Group Investment Advisors LLC grew its stake in shares of NVIDIA by 160,446.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock valued at $2,862,392,000 after purchasing an additional 19,574,443 shares during the last quarter. GQG Partners LLC purchased a new position in shares of NVIDIA in the 1st quarter valued at approximately $2,290,856,000. Price T Rowe Associates Inc. MD grew its stake in shares of NVIDIA by 9.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,956,988 shares of the computer hardware maker’s stock valued at $8,323,694,000 after purchasing an additional 5,043,685 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of NVIDIA by 20.2% in the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after purchasing an additional 4,621,002 shares during the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $439.00 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.37 and a current ratio of 2.79. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $502.66. The firm has a market cap of $1.08 trillion, a P/E ratio of 106.04, a price-to-earnings-growth ratio of 3.57 and a beta of 1.74. The stock has a 50-day simple moving average of $455.24 and a 200-day simple moving average of $366.89.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.62. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. The business had revenue of $13.51 billion during the quarter, compared to analyst estimates of $11.19 billion. During the same quarter last year, the firm earned $0.32 earnings per share. The company’s revenue for the quarter was up 101.5% compared to the same quarter last year. On average, equities analysts predict that NVIDIA Co. will post 9.46 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th will be given a $0.04 dividend. The ex-dividend date is Wednesday, September 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.04%. NVIDIA’s payout ratio is 3.86%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Craig Hallum lifted their target price on NVIDIA from $500.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. Stifel Nicolaus upgraded NVIDIA from a “hold” rating to a “buy” rating and lifted their price target for the company from $440.00 to $600.00 in a research note on Thursday, August 24th. Phillip Securities upgraded NVIDIA from an “accumulate” rating to a “buy” rating in a research note on Monday, August 28th. StockNews.com began coverage on NVIDIA in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Sanford C. Bernstein upped their target price on NVIDIA from $300.00 to $475.00 in a report on Thursday, May 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.70.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 283 shares of NVIDIA stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $424.53, for a total value of $120,141.99. Following the completion of the transaction, the director now owns 2,401 shares in the company, valued at approximately $1,019,296.53. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Mark A. Stevens sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $432.06, for a total value of $17,282,400.00. Following the sale, the director now owns 1,052,286 shares of the company’s stock, valued at approximately $454,650,689.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Dabiri sold 283 shares of NVIDIA stock in a transaction on Monday, June 26th. The shares were sold at an average price of $424.53, for a total value of $120,141.99. Following the sale, the director now directly owns 2,401 shares in the company, valued at approximately $1,019,296.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,515 shares of company stock worth $85,008,631. 3.99% of the stock is currently owned by corporate insiders.

About NVIDIA

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.