NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Howard Capital Management Group LLC

Howard Capital Management Group LLC reduced its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,207,466 shares of the computer hardware maker's stock after selling 34,445 shares during the period. NVIDIA comprises 10.3% 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 $146,635,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc purchased a new stake in NVIDIA in the 3rd quarter worth $27,000. Quest Partners LLC bought a new stake in NVIDIA in the 2nd quarter valued at $27,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of NVIDIA during the 2nd quarter valued at about $31,000. West Financial Advisors LLC bought a new position in shares of NVIDIA during the 3rd quarter valued at about $36,000. Finally, Studio Investment Management LLC increased its holdings in shares of NVIDIA by 514.0% in the second quarter. Studio Investment Management LLC now owns 350 shares of the computer hardware maker's stock worth $43,000 after purchasing an additional 293 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Ajay K. Puri sold 36,462 shares of the firm'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 transaction, the executive vice president now owns 3,902,888 shares of the company's stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction on 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 completion of the sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock worth $146,506,958 in the last 90 days. Insiders own 4.23% of the company's stock.

NVIDIA Stock Up 2.3 %

NVIDIA stock opened at $140.83 on Wednesday. NVIDIA Co. has a 1-year low of $58.58 and a 1-year high of $153.13. The business 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. The stock has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 55.42, a PEG ratio of 2.48 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company's quarterly revenue was up 93.6% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. Equities research analysts forecast that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA's payout ratio is 1.57%.

Analyst Ratings Changes

NVDA has been the subject of several research analyst reports. Barclays raised their price target on NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Phillip Securities restated an "accumulate" rating and issued a $160.00 price target (up previously from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Mizuho increased their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Melius Research upped their target price on shares of NVIDIA from $165.00 to $185.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, Stifel Nicolaus increased their price target on NVIDIA from $165.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.63.

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.