Coastline Trust Co trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 467,804 shares of the computer hardware maker's stock after selling 9,595 shares during the quarter. NVIDIA accounts for 8.5% of Coastline Trust Co's portfolio, making the stock its largest holding. Coastline Trust Co's holdings in NVIDIA were worth $73,908,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Pachira Investments Inc. lifted its position in NVIDIA by 1.0% in the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock worth $1,019,000 after purchasing an additional 63 shares during the period. HFG Wealth Management LLC lifted its position in NVIDIA by 3.4% in the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock worth $328,000 after purchasing an additional 68 shares during the period. Hidden Cove Wealth Management LLC lifted its position in NVIDIA by 0.3% in the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock worth $3,757,000 after purchasing an additional 69 shares during the period. Burkett Financial Services LLC lifted its position in NVIDIA by 1.3% in the second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock worth $861,000 after purchasing an additional 70 shares during the period. Finally, Guided Capital Wealth Management LLC lifted its position in NVIDIA by 0.3% in the second quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker's stock worth $4,401,000 after purchasing an additional 70 shares during the period. 65.27% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the company. KeyCorp reaffirmed an "overweight" rating and issued a $250.00 target price (up from $230.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Benchmark increased their price objective on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Daiwa Capital Markets boosted their target price on shares of NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NVIDIA in a report on Wednesday. Finally, Loop Capital upped their target price on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $212.84.
Read Our Latest Research Report on NVDA
Insider Activity
In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $190.20, for a total transaction of $14,265,000.00. Following the completion of the sale, the chief executive officer directly owned 70,558,203 shares of the company's stock, valued at approximately $13,420,170,210.60. The trade was a 0.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.40, for a total value of $5,380,200.00. Following the sale, the chief financial officer directly owned 2,883,402 shares of the company's stock, valued at $508,632,112.80. This represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,925,379 shares of company stock valued at $694,277,421 over the last three months. Company insiders own 4.17% of the company's stock.
NVIDIA Stock Performance
Shares of NASDAQ:NVDA opened at $183.16 on Friday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $195.62. The firm has a market cap of $4.45 trillion, a PE ratio of 52.18, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The business has a fifty day moving average of $179.16 and a 200-day moving average of $150.75.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period last year, the company posted $0.68 earnings per share. The firm's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.
About NVIDIA
(
Free Report)
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.
See Also
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