NVIDIA Co. (NVDA) Holdings Lessened by Tiemann Investment Advisors LLC

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Tiemann Investment Advisors LLC trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,245 shares of the computer hardware maker’s stock after selling 140 shares during the period. Tiemann Investment Advisors LLC’s holdings in NVIDIA were worth $300,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NVDA. Oregon Public Employees Retirement Fund raised its position in shares of NVIDIA by 8,687.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,509,787 shares of the computer hardware maker’s stock valued at $161,000 after purchasing an additional 21,265,009 shares in the last quarter. Parnassus Investments CA acquired a new stake in shares of NVIDIA during the 4th quarter valued at approximately $394,670,000. Polen Capital Management LLC acquired a new stake in shares of NVIDIA during the 3rd quarter valued at approximately $703,155,000. Vanguard Group Inc raised its position in shares of NVIDIA by 4.0% during the 3rd quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after acquiring an additional 1,693,736 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of NVIDIA by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after acquiring an additional 1,693,736 shares in the last quarter. 68.72% of the stock is currently owned by institutional investors.

In related news, EVP Debora Shoquist sold 6,345 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $135.33, for a total transaction of $858,668.85. Following the completion of the transaction, the executive vice president now owns 177,911 shares of the company’s stock, valued at $24,076,695.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.70% of the company’s stock.

NVDA has been the topic of several research reports. BidaskClub lowered NVIDIA from a “hold” rating to a “sell” rating in a research report on Wednesday, November 21st. Daiwa Capital Markets reissued a “buy” rating on shares of NVIDIA in a research report on Monday, November 19th. BNP Paribas lowered NVIDIA from a “neutral” rating to an “underperform” rating in a research report on Tuesday, November 20th. Cowen reissued an “outperform” rating and set a $195.00 price target (down from $215.00) on shares of NVIDIA in a research report on Friday, February 15th. Finally, Credit Suisse Group began coverage on NVIDIA in a research note on Monday, November 26th. They set an “outperform” rating and a $225.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $210.62.

NASDAQ:NVDA opened at $169.81 on Friday. NVIDIA Co. has a 1 year low of $124.46 and a 1 year high of $292.76. The firm has a market capitalization of $102.90 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 3.90 and a beta of 1.89. The company has a quick ratio of 6.76, a current ratio of 7.94 and a debt-to-equity ratio of 0.21.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.27. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the prior year, the business posted $1.72 earnings per share. The company’s revenue for the quarter was down 24.3% compared to the same quarter last year. As a group, sell-side analysts predict that NVIDIA Co. will post 4.49 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 1st will be paid a dividend of $0.16 per share. The ex-dividend date is Thursday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.38%. NVIDIA’s dividend payout ratio is currently 10.54%.

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About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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