Coastline Trust Co Takes $871,000 Position in NVIDIA Corporation (NVDA)

Coastline Trust Co acquired a new position in shares of NVIDIA Corporation (NASDAQ:NVDA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,870 shares of the computer hardware maker’s stock, valued at approximately $871,000.

Several other institutional investors also recently made changes to their positions in the company. Thompson Davis & CO. Inc. increased its holdings in shares of NVIDIA by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after acquiring an additional 6 shares during the last quarter. Family Firm Inc. increased its holdings in shares of NVIDIA by 0.7% during the 2nd quarter. Family Firm Inc. now owns 1,968 shares of the computer hardware maker’s stock worth $284,000 after acquiring an additional 13 shares during the last quarter. Carnegie Capital Asset Management LLC increased its holdings in shares of NVIDIA by 0.4% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock worth $1,212,000 after acquiring an additional 30 shares during the last quarter. Pinebridge Investments L.P. increased its holdings in shares of NVIDIA by 1.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock worth $271,000 after acquiring an additional 33 shares during the last quarter. Finally, Arete Wealth Advisors LLC increased its holdings in shares of NVIDIA by 1.7% during the 2nd quarter. Arete Wealth Advisors LLC now owns 2,934 shares of the computer hardware maker’s stock worth $424,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 63.51% of the company’s stock.

Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at $186.47 on Friday. The firm has a market capitalization of $115,649.04, a price-to-earnings ratio of 47.01, a PEG ratio of 4.44 and a beta of 1.18. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. NVIDIA Corporation has a 1 year low of $95.17 and a 1 year high of $218.67.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.39. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The company’s revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 EPS. sell-side analysts anticipate that NVIDIA Corporation will post 4.19 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.32%. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA’s dividend payout ratio is presently 14.89%.

In other news, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $185.65, for a total transaction of $18,565,000.00. Following the completion of the sale, the director now directly owns 30,762 shares in the company, valued at approximately $5,710,965.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dawn E. Hudson sold 3,052 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total value of $654,318.28. Following the sale, the director now owns 28,816 shares of the company’s stock, valued at $6,177,862.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 315,175 shares of company stock valued at $59,428,079. Corporate insiders own 5.82% of the company’s stock.

NVDA has been the topic of a number of recent analyst reports. Oppenheimer reissued a “hold” rating on shares of NVIDIA in a report on Sunday, November 5th. Vetr lowered NVIDIA from a “buy” rating to a “hold” rating and set a $172.54 target price on the stock. in a report on Thursday, August 31st. Susquehanna Bancshares boosted their target price on NVIDIA from $140.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, September 14th. Jefferies Group boosted their target price on NVIDIA from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Finally, Barclays boosted their target price on NVIDIA from $200.00 to $225.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $187.38.

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About NVIDIA

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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