Howard Capital Management Inc. Increases Holdings in NVIDIA Co. (NASDAQ:NVDA)

Howard Capital Management Inc. lifted its position in NVIDIA Co. (NASDAQ:NVDA) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 635,044 shares of the computer hardware maker’s stock after buying an additional 22,998 shares during the period. NVIDIA makes up about 1.1% of Howard Capital Management Inc.’s investment portfolio, making the stock its 22nd biggest position. Howard Capital Management Inc.’s holdings in NVIDIA were worth $85,280,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NVDA. Legend Financial Advisors Inc. purchased a new position in NVIDIA in the fourth quarter worth about $34,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA in the 4th quarter worth approximately $40,000. DHJJ Financial Advisors Ltd. boosted its holdings in shares of NVIDIA by 70.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after buying an additional 140 shares during the last quarter. Lowe Wealth Advisors LLC purchased a new position in shares of NVIDIA in the fourth quarter worth approximately $46,000. Finally, 1620 Investment Advisors Inc. grew its position in NVIDIA by 145.9% during the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after buying an additional 248 shares during the period. Institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other news, Director Aarti S. Shah sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, the director now owns 53,208 shares of the company’s stock, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company’s stock, valued at $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 183,609 shares of company stock worth $22,642,615. 4.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NVDA shares. KeyCorp set a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. DA Davidson lowered their target price on NVIDIA from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Summit Insights lowered NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Benchmark reiterated a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $171.51.

NVIDIA Trading Down 1.6 %

NVDA opened at $109.67 on Friday. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $125.01 and a 200 day moving average of $131.50. The firm has a market cap of $2.68 trillion, a P/E ratio of 43.16, a P/E/G ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last announced 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. As a group, research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio is currently 1.36%.

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.