Coastwise Capital Group LLC Cuts Position in NVIDIA Corporation $NVDA

Coastwise Capital Group LLC trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,231 shares of the computer hardware maker’s stock after selling 151 shares during the period. NVIDIA makes up 4.2% of Coastwise Capital Group LLC’s investment portfolio, making the stock its 5th largest holding. Coastwise Capital Group LLC’s holdings in NVIDIA were worth $5,250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Orrstown Financial Services Inc. boosted its holdings in shares of NVIDIA by 2.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 26,822 shares of the computer hardware maker’s stock worth $4,238,000 after buying an additional 573 shares in the last quarter. Bouvel Investment Partners LLC raised its position in shares of NVIDIA by 3.2% during the second quarter. Bouvel Investment Partners LLC now owns 76,961 shares of the computer hardware maker’s stock worth $12,159,000 after purchasing an additional 2,408 shares during the period. Meriwether Wealth & Planning LLC raised its position in shares of NVIDIA by 1.9% during the second quarter. Meriwether Wealth & Planning LLC now owns 7,721 shares of the computer hardware maker’s stock worth $1,220,000 after purchasing an additional 145 shares during the period. Hilltop Wealth Advisors LLC raised its position in shares of NVIDIA by 25.0% during the second quarter. Hilltop Wealth Advisors LLC now owns 8,337 shares of the computer hardware maker’s stock worth $1,317,000 after purchasing an additional 1,665 shares during the period. Finally, First PREMIER Bank raised its position in shares of NVIDIA by 27.6% during the second quarter. First PREMIER Bank now owns 15,431 shares of the computer hardware maker’s stock worth $2,438,000 after purchasing an additional 3,340 shares during the period. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 0.3%

NVDA stock opened at $178.19 on Monday. 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 company has a market capitalization of $4.33 trillion, a price-to-earnings ratio of 50.77, a PEG ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.55. The stock has a fifty day moving average of $176.60 and a 200-day moving average of $146.20.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm’s quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio is 1.14%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NVDA. DA Davidson raised NVIDIA from a “neutral” rating to a “buy” rating and upped their target price for the stock from $195.00 to $210.00 in a research report on Thursday, September 11th. Benchmark upped their target price on NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Daiwa Capital Markets upped their target price on NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 target price (up from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Evercore ISI upped their price target on NVIDIA from $214.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $209.82.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Persis Drell sold 40,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $177.65, for a total value of $7,106,000.00. Following the sale, the director owned 138,740 shares of the company’s stock, valued at $24,647,161. This trade represents a 22.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the sale, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,050,558 shares of company stock worth $701,164,609 in the last three months. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Company Profile

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.