NVIDIA Corporation (NASDAQ:NVDA) is Parsons Capital Management Inc. RI's 8th Largest Position

Parsons Capital Management Inc. RI decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 265,160 shares of the computer hardware maker's stock after selling 8,671 shares during the quarter. NVIDIA comprises 1.6% of Parsons Capital Management Inc. RI's holdings, making the stock its 8th largest position. Parsons Capital Management Inc. RI's holdings in NVIDIA were worth $28,738,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tacita Capital Inc purchased a new stake in shares of NVIDIA in the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the fourth quarter worth approximately $40,000. Copia Wealth Management purchased a new position in NVIDIA in the fourth quarter worth approximately $50,000. Finally, Bruce G. Allen Investments LLC increased its stake in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 50,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $143.81, for a total transaction of $7,190,500.00. Following the transaction, the chief executive officer now owns 75,673,225 shares of the company's stock, valued at $10,882,566,487.25. This trade represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 55,282 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $144.71, for a total transaction of $7,999,858.22. Following the sale, the director now directly owns 1,944,718 shares of the company's stock, valued at $281,420,141.78. This represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,393,863 shares of company stock valued at $483,709,832. Insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research analyst reports. Susquehanna reiterated a "positive" rating and set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Piper Sandler reiterated an "overweight" rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Benchmark restated a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Finally, DA Davidson lifted their target price on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $173.05.

NVIDIA Price Performance

NVDA stock traded up $3.73 during trading on Tuesday, hitting $147.90. The stock had a trading volume of 187,010,174 shares, compared to its average volume of 270,622,127. The stock has a market cap of $3.61 trillion, a price-to-earnings ratio of 47.71, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The company's 50 day moving average price is $127.76 and its two-hundred day moving average price is $126.59. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business's quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

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.