Howard Capital Management Inc. Reduces Stake in NVIDIA Co. (NASDAQ:NVDA)

Howard Capital Management Inc. reduced its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,275 shares of the computer hardware maker’s stock after selling 23 shares during the quarter. NVIDIA makes up approximately 0.4% of Howard Capital Management Inc.’s investment portfolio, making the stock its 22nd largest position. Howard Capital Management Inc.’s holdings in NVIDIA were worth $3,108,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its stake in shares of NVIDIA by 5.0% in the 4th quarter. Vontobel Holding Ltd. now owns 691,496 shares of the computer hardware maker’s stock valued at $342,443,000 after purchasing an additional 32,961 shares during the last quarter. Root Financial Partners LLC lifted its stake in shares of NVIDIA by 112.4% in the 4th quarter. Root Financial Partners LLC now owns 1,266 shares of the computer hardware maker’s stock valued at $627,000 after purchasing an additional 670 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of NVIDIA by 1.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,355 shares of the computer hardware maker’s stock valued at $2,652,000 after purchasing an additional 100 shares during the last quarter. Sumitomo Life Insurance Co. lifted its stake in shares of NVIDIA by 10.3% in the 4th quarter. Sumitomo Life Insurance Co. now owns 52,651 shares of the computer hardware maker’s stock valued at $26,074,000 after purchasing an additional 4,914 shares during the last quarter. Finally, Viewpoint Capital Management LLC lifted its stake in shares of NVIDIA by 0.4% in the 4th quarter. Viewpoint Capital Management LLC now owns 6,994 shares of the computer hardware maker’s stock valued at $3,464,000 after purchasing an additional 30 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Up 4.4 %

NVDA opened at $795.18 on Tuesday. The firm has a market cap of $1.99 trillion, a price-to-earnings ratio of 66.60, a price-to-earnings-growth ratio of 1.09 and a beta of 1.73. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $846.17 and its two-hundred day moving average is $627.28. NVIDIA Co. has a 52 week low of $262.25 and a 52 week high of $974.00.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. On average, research analysts predict that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is currently 1.34%.

Insider Activity

In related news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the sale, the director now directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares in the company, valued at $1,931,700. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,278 shares of company stock valued at $52,689,898. Company insiders own 3.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NVDA shares. HSBC upped their price target on NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research note on Monday, March 18th. UBS Group increased their target price on NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Morgan Stanley increased their target price on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. increased their target price on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $1,100.00 target price on shares of NVIDIA in a research note on Tuesday, February 20th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

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.