Howard Capital Management Group LLC Has $157.74 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Howard Capital Management Group LLC lowered its holdings in NVIDIA Co. (NASDAQ:NVDA) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,174,595 shares of the computer hardware maker’s stock after selling 32,871 shares during the period. NVIDIA makes up about 10.8% of Howard Capital Management Group LLC’s portfolio, making the stock its largest holding. Howard Capital Management Group LLC’s holdings in NVIDIA were worth $157,736,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Roberts Wealth Advisors LLC lifted its holdings in shares of NVIDIA by 7.8% during the 4th quarter. Roberts Wealth Advisors LLC now owns 13,646 shares of the computer hardware maker’s stock worth $1,859,000 after acquiring an additional 990 shares during the period. Farrell Financial LLC lifted its holdings in shares of NVIDIA by 14.5% during the 4th quarter. Farrell Financial LLC now owns 3,564 shares of the computer hardware maker’s stock worth $479,000 after acquiring an additional 451 shares during the period. Planned Solutions Inc. lifted its holdings in shares of NVIDIA by 4.8% during the 4th quarter. Planned Solutions Inc. now owns 12,440 shares of the computer hardware maker’s stock worth $1,671,000 after acquiring an additional 575 shares during the period. Transform Wealth LLC lifted its holdings in shares of NVIDIA by 16.0% during the 4th quarter. Transform Wealth LLC now owns 290,549 shares of the computer hardware maker’s stock worth $39,018,000 after acquiring an additional 40,092 shares during the period. Finally, Chesley Taft & Associates LLC lifted its holdings in shares of NVIDIA by 0.5% during the 4th quarter. Chesley Taft & Associates LLC now owns 472,585 shares of the computer hardware maker’s stock worth $63,463,000 after acquiring an additional 2,216 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 0.6 %

NASDAQ:NVDA opened at $132.80 on Wednesday. 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 market capitalization of $3.25 trillion, a price-to-earnings ratio of 52.26, a PEG ratio of 1.62 and a beta of 1.62. The firm has a fifty day simple moving average of $135.21 and a two-hundred day simple moving average of $129.70. NVIDIA Co. has a 12 month low of $66.25 and a 12 month high of $153.13.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. During the same period last year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was up 93.6% compared to the same quarter last year. Analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the transaction, the insider now directly owns 480,899 shares in the company, valued at $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. Corporate insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NVDA. Truist Financial increased their price objective on shares of NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Evercore ISI increased their price objective on shares of NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Wedbush increased their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Oppenheimer reissued an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. Finally, UBS Group increased their price objective on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $166.23.

NVIDIA Company 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.