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

Howard Capital Management Inc. boosted its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 635,044 shares of the computer hardware maker's stock after acquiring an additional 22,998 shares during the quarter. NVIDIA accounts for about 1.1% of Howard Capital Management Inc.'s portfolio, making the stock its 22nd biggest holding. Howard Capital Management Inc.'s holdings in NVIDIA were worth $85,280,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New England Professional Planning Group Inc. grew its holdings in shares of NVIDIA by 7.5% during the fourth quarter. New England Professional Planning Group Inc. now owns 3,815 shares of the computer hardware maker's stock worth $512,000 after buying an additional 265 shares in the last quarter. Matthew 25 Management Corp lifted its position in NVIDIA by 5.0% during the fourth quarter. Matthew 25 Management Corp now owns 420,000 shares of the computer hardware maker's stock worth $56,402,000 after buying an additional 20,000 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in NVIDIA by 29.6% during the fourth quarter. Wealthspire Advisors LLC now owns 174,896 shares of the computer hardware maker's stock worth $23,487,000 after buying an additional 39,944 shares during the last quarter. Tradewinds Capital Management LLC grew its holdings in NVIDIA by 1.9% in the 4th quarter. Tradewinds Capital Management LLC now owns 10,639 shares of the computer hardware maker's stock valued at $1,429,000 after buying an additional 202 shares in the last quarter. Finally, Rainey & Randall Wealth Advisors Inc. acquired a new position in shares of NVIDIA during the 4th quarter valued at about $250,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

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Insiders Place Their Bets

In related news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction dated 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 directly owns 53,208 shares in the company, 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 hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company's stock, valued at $28,993,071.56. This trade represents a 17.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 183,609 shares of company stock valued at $22,642,615 in the last ninety days. Insiders own 4.23% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on NVDA. Morgan Stanley set a $162.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a report on Wednesday, March 19th. Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Wedbush restated an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a research report on Thursday, February 20th. Needham & Company LLC reiterated a "buy" rating and set a $160.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, KeyCorp set a $190.00 target price on shares of NVIDIA in a research report 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $171.51.

NVIDIA Stock Performance

NASDAQ NVDA traded down $1.29 on Monday, hitting $108.38. 296,590,131 shares of the company's stock were exchanged, compared to its average volume of 314,635,951. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm's 50-day moving average price is $125.01 and its two-hundred day moving average price is $131.61. The firm has a market cap of $2.64 trillion, a price-to-earnings ratio of 42.65, a P/E/G ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $38.16 billion. On average, research analysts expect 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. Shareholders of record on Wednesday, March 12th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is 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.