NVIDIA Co. (NASDAQ:NVDA) is Parnassus Investments LLC's 3rd Largest Position

Parnassus Investments LLC decreased its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 20.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,213,846 shares of the computer hardware maker's stock after selling 4,218,783 shares during the quarter. NVIDIA accounts for about 4.8% of Parnassus Investments LLC's portfolio, making the stock its 3rd largest holding. Parnassus Investments LLC owned approximately 0.07% of NVIDIA worth $2,177,357,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC increased its holdings in shares of NVIDIA by 4.2% during the fourth quarter. RPg Family Wealth Advisory LLC now owns 72,270 shares of the computer hardware maker's stock worth $9,705,000 after purchasing an additional 2,946 shares during the period. Madison Investment Advisors LLC bought a new position in NVIDIA during the 4th quarter worth $3,188,000. JPL Wealth Management LLC acquired a new position in NVIDIA in the 4th quarter valued at $3,380,000. MGO Private Wealth LLC lifted its position in shares of NVIDIA by 1.4% during the 4th quarter. MGO Private Wealth LLC now owns 9,348 shares of the computer hardware maker's stock valued at $1,255,000 after acquiring an additional 130 shares during the period. Finally, Phillips Financial Management LLC grew its holdings in shares of NVIDIA by 14.6% during the 4th quarter. Phillips Financial Management LLC now owns 16,971 shares of the computer hardware maker's stock worth $2,279,000 after purchasing an additional 2,161 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by company insiders.

NVIDIA Trading Up 2.0 %

NASDAQ NVDA traded up $1.98 during trading hours on Tuesday, hitting $98.89. 236,352,439 shares of the company's stock were exchanged, compared to its average volume of 308,248,699. The firm has a market cap of $2.41 trillion, a price-to-earnings ratio of 38.92, a PEG ratio of 1.76 and a beta of 1.96. The stock has a 50-day simple moving average of $115.15 and a 200 day simple moving average of $129.50. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1-year low of $78.22 and a 1-year high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, equities analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of analyst reports. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Thursday, April 3rd. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Finally, Piper Sandler dropped their price objective on NVIDIA from $175.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.01.

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.