Parisi Gray Wealth Management Has $16.61 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Parisi Gray Wealth Management trimmed its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,682 shares of the computer hardware maker’s stock after selling 1,795 shares during the quarter. NVIDIA makes up about 5.3% of Parisi Gray Wealth Management’s portfolio, making the stock its 4th biggest holding. Parisi Gray Wealth Management’s holdings in NVIDIA were worth $16,609,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in NVDA. Miracle Mile Advisors LLC raised its holdings in shares of NVIDIA by 27.9% in the 4th quarter. Miracle Mile Advisors LLC now owns 503,974 shares of the computer hardware maker’s stock valued at $67,679,000 after purchasing an additional 109,811 shares during the period. Conrad Siegel Investment Advisors Inc. increased its position in NVIDIA by 4.2% during the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 8,595 shares of the computer hardware maker’s stock worth $1,154,000 after buying an additional 346 shares during the last quarter. Horizon Wealth Management LLC raised its stake in NVIDIA by 9.0% in the fourth quarter. Horizon Wealth Management LLC now owns 41,087 shares of the computer hardware maker’s stock valued at $5,518,000 after buying an additional 3,389 shares during the period. Sunflower Bank N.A. increased its holdings in shares of NVIDIA by 0.9% during the 4th quarter. Sunflower Bank N.A. now owns 18,996 shares of the computer hardware maker’s stock worth $2,551,000 after acquiring an additional 176 shares during the last quarter. Finally, Burns J W & Co. Inc. NY grew its stake in NVIDIA by 6.0% in the 4th quarter. Burns J W & Co. Inc. NY now owns 122,959 shares of the computer hardware maker’s stock valued at $16,512,000 after buying an additional 6,946 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on NVDA. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a research report on Monday. Mizuho raised their target price on shares of NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Bank of America reissued a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. Piper Sandler upped their target price on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC boosted their price target on NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $166.23.

NVIDIA Stock Down 4.3 %

Shares of NVDA opened at $123.43 on Thursday. NVIDIA Co. has a 12 month low of $60.70 and a 12 month high of $153.13. 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 company has a market capitalization of $3.02 trillion, a PE ratio of 48.58, a PEG ratio of 2.65 and a beta of 1.64. The stock’s 50-day moving average price is $137.91 and its two-hundred day moving average price is $129.44.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $33.15 billion. During the same quarter last year, the business earned $0.38 EPS. The company’s revenue was up 93.6% compared to the same quarter last year. On average, analysts anticipate that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Activity

In related news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the transaction, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 in the last ninety days. 4.23% of the stock is owned by company insiders.

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.