Coastline Trust Co Sells 12,399 Shares of NVIDIA Co. (NASDAQ:NVDA)

Coastline Trust Co trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,131 shares of the computer hardware maker’s stock after selling 12,399 shares during the period. NVIDIA accounts for approximately 7.9% of Coastline Trust Co’s holdings, making the stock its largest holding. Coastline Trust Co’s holdings in NVIDIA were worth $67,565,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Tacita Capital Inc bought a new position in NVIDIA in the 4th quarter valued at $28,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the fourth quarter worth $34,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC bought a new position in NVIDIA in the fourth quarter valued at about $46,000. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of several recent research reports. Bank of America boosted their price objective on NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley dropped their price target on shares of NVIDIA from $162.00 to $160.00 and set an “overweight” rating for the company in a research note on Friday, April 25th. Barclays reduced their price objective on shares of NVIDIA from $175.00 to $155.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Wedbush reaffirmed an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average price target of $164.84.

NVIDIA Price Performance

Shares of NVDA opened at $135.40 on Friday. The company has a 50 day moving average of $112.33 and a 200-day moving average of $127.06. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.31 trillion, a P/E ratio of 53.29, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio is currently 1.36%.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.23% of the company’s stock.

About NVIDIA

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.