NVIDIA Co. (NASDAQ:NVDA) Position Cut by Howard Capital Management Group LLC

Howard Capital Management Group LLC decreased its position in NVIDIA Co. (NASDAQ:NVDA) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,207,466 shares of the computer hardware maker’s stock after selling 34,445 shares during the quarter. NVIDIA accounts for approximately 10.3% of Howard Capital Management Group LLC’s portfolio, making the stock its largest position. Howard Capital Management Group LLC’s holdings in NVIDIA were worth $146,635,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Total Wealth Planning LLC raised its holdings in shares of NVIDIA by 3.6% in the 3rd quarter. Total Wealth Planning LLC now owns 2,275 shares of the computer hardware maker’s stock worth $276,000 after purchasing an additional 78 shares in the last quarter. Kure Advisory LLC raised its holdings in shares of NVIDIA by 1.4% in the 3rd quarter. Kure Advisory LLC now owns 6,518 shares of the computer hardware maker’s stock worth $792,000 after purchasing an additional 88 shares in the last quarter. Curbstone Financial Management Corp raised its holdings in shares of NVIDIA by 1.0% in the 3rd quarter. Curbstone Financial Management Corp now owns 9,470 shares of the computer hardware maker’s stock worth $1,150,000 after purchasing an additional 94 shares in the last quarter. Financial Advisors LLC raised its holdings in shares of NVIDIA by 3.6% in the 3rd quarter. Financial Advisors LLC now owns 2,792 shares of the computer hardware maker’s stock worth $339,000 after purchasing an additional 98 shares in the last quarter. Finally, Trevian Wealth Management LLC raised its holdings in shares of NVIDIA by 2.3% in the 3rd quarter. Trevian Wealth Management LLC now owns 4,520 shares of the computer hardware maker’s stock worth $549,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Stifel Nicolaus lifted their target price on shares of NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Rosenblatt Securities reissued a “buy” rating and issued a $220.00 target price on shares of NVIDIA in a research report on Wednesday, January 8th. Morgan Stanley lifted their target price on shares of NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $164.63.

NVIDIA Price Performance

NASDAQ:NVDA opened at $140.83 on Wednesday. The stock has a market cap of $3.45 trillion, a P/E ratio of 55.42, a PEG ratio of 2.48 and a beta of 1.64. NVIDIA Co. has a one year low of $58.58 and a one year high of $153.13. The company has a fifty day moving average price of $138.84 and a 200 day moving average price of $129.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. Analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 716 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the sale, the director now owns 19,942 shares of the company’s stock, valued at $2,831,764. The trade was a 3.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 in the last 90 days. 4.23% of the stock is currently owned by company insiders.

About NVIDIA

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.