Coastline Trust Co Boosts Position in NVIDIA Corporation (NVDA)

Coastline Trust Co lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 121.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,795 shares of the computer hardware maker’s stock after acquiring an additional 5,925 shares during the period. Coastline Trust Co’s holdings in NVIDIA were worth $2,089,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cibc World Markets Corp grew its stake in NVIDIA by 12.1% during the 2nd quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock worth $18,549,000 after buying an additional 13,802 shares during the last quarter. SG Americas Securities LLC grew its stake in NVIDIA by 160.9% during the 3rd quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock worth $35,001,000 after buying an additional 120,734 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in NVIDIA by 1.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 829,595 shares of the computer hardware maker’s stock worth $148,307,000 after buying an additional 9,565 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in NVIDIA by 3.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,932,495 shares of the computer hardware maker’s stock worth $345,473,000 after buying an additional 71,458 shares during the last quarter. Finally, Spectrum Management Group Inc. bought a new position in NVIDIA during the 3rd quarter worth $383,000. 63.40% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director A Brooke Seawell sold 1,029 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $214.10, for a total transaction of $220,308.90. Following the completion of the sale, the director now directly owns 1,029 shares of the company’s stock, valued at $220,308.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dawn E. Hudson sold 15,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $213.44, for a total value of $3,201,600.00. Following the sale, the director now directly owns 46,868 shares of the company’s stock, valued at $10,003,505.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,858 shares of company stock valued at $4,227,384. 5.17% of the stock is currently owned by company insiders.

Several research analysts have recently issued reports on NVDA shares. B. Riley reissued a “buy” rating and issued a $270.00 price target on shares of NVIDIA in a research note on Monday, January 8th. BidaskClub raised NVIDIA from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. Mizuho reissued a “buy” rating and issued a $240.00 price target (up previously from $225.00) on shares of NVIDIA in a research note on Tuesday. Zacks Investment Research cut NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, SunTrust Banks increased their price target on NVIDIA to $253.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $192.45.

Shares of NVIDIA Corporation (NASDAQ:NVDA) traded up $4.61 during mid-day trading on Wednesday, reaching $224.72. The company had a trading volume of 13,408,732 shares, compared to its average volume of 13,310,000. NVIDIA Corporation has a fifty-two week low of $95.17 and a fifty-two week high of $227.51. The company has a market capitalization of $136,180.00, a PE ratio of 56.18, a P/E/G ratio of 5.19 and a beta of 1.18. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42.

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

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NVIDIA Company Profile

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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