Howard Capital Management Group LLC Has $80.40 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Howard Capital Management Group LLC cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 162,348 shares of the computer hardware maker’s stock after selling 8,511 shares during the quarter. NVIDIA makes up about 7.0% of Howard Capital Management Group LLC’s portfolio, making the stock its 2nd largest position. Howard Capital Management Group LLC’s holdings in NVIDIA were worth $80,398,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Steigerwald Gordon & Koch Inc. increased its holdings in shares of NVIDIA by 25.2% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 2,429 shares of the computer hardware maker’s stock valued at $1,203,000 after acquiring an additional 489 shares in the last quarter. FSC Wealth Advisors LLC grew its position in NVIDIA by 145.2% in the 4th quarter. FSC Wealth Advisors LLC now owns 304 shares of the computer hardware maker’s stock valued at $151,000 after purchasing an additional 180 shares during the period. HBW Advisory Services LLC increased its stake in NVIDIA by 4.2% during the 4th quarter. HBW Advisory Services LLC now owns 2,484 shares of the computer hardware maker’s stock valued at $1,230,000 after purchasing an additional 100 shares in the last quarter. Godsey & Gibb Inc. raised its holdings in NVIDIA by 42.9% during the fourth quarter. Godsey & Gibb Inc. now owns 699 shares of the computer hardware maker’s stock worth $346,000 after buying an additional 210 shares during the last quarter. Finally, Engrave Wealth Partners LLC lifted its stake in shares of NVIDIA by 15.8% in the fourth quarter. Engrave Wealth Partners LLC now owns 1,642 shares of the computer hardware maker’s stock valued at $813,000 after buying an additional 224 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $546.95, for a total value of $19,690,200.00. Following the completion of the sale, the director now owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Mark A. Stevens sold 35,648 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total value of $19,354,368.64. Following the sale, the director now directly owns 1,189,083 shares of the company’s stock, valued at $645,588,833.19. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 36,000 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the completion of the transaction, the director now owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 105,352 shares of company stock worth $64,853,077. 3.99% of the stock is currently owned by company insiders.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $902.50 on Thursday. The stock has a market capitalization of $2.26 trillion, a P/E ratio of 75.59, a price-to-earnings-growth ratio of 1.33 and a beta of 1.73. NVIDIA Co. has a one year low of $258.50 and a one year high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The business’s 50 day simple moving average is $758.96 and its two-hundred day simple moving average is $569.38.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same period in the prior year, the business posted $0.65 EPS. The firm’s revenue was up 265.3% compared to the same quarter last year. Analysts forecast that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.

Analysts Set New Price Targets

NVDA has been the topic of a number of analyst reports. Oppenheimer upped their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Needham & Company LLC upped their price target on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Jefferies Financial Group increased their price target on NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Piper Sandler lifted their price objective on shares of NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, Susquehanna raised their price target on shares of NVIDIA from $850.00 to $1,050.00 and gave the company a “positive” rating in a research report on Tuesday, March 19th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $908.68.

NVIDIA 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.