APEIRON CAPITAL Ltd Has $23.77 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

APEIRON CAPITAL Ltd decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,300 shares of the computer hardware maker's stock after selling 64,800 shares during the quarter. NVIDIA accounts for 10.9% of APEIRON CAPITAL Ltd's portfolio, making the stock its 3rd largest position. APEIRON CAPITAL Ltd's holdings in NVIDIA were worth $23,768,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Tacita Capital Inc bought a new position in NVIDIA in the fourth quarter worth $28,000. Vision Financial Markets LLC bought a new position in NVIDIA in the fourth quarter worth $38,000. Copia Wealth Management bought a new position in NVIDIA in the fourth quarter worth $50,000. Bruce G. Allen Investments LLC raised its holdings in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares in the last quarter. Finally, LSV Asset Management bought a new position in NVIDIA in the fourth quarter worth $54,000. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Mizuho upped their price target on NVIDIA from $170.00 to $185.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Loop Capital increased their target price on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. DA Davidson boosted their price target on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Finally, UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $177.03.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total value of $12,233,250.00. Following the completion of the sale, the chief executive officer directly owned 74,873,225 shares of the company's stock, valued at $12,212,571,729.75. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director A Brooke Seawell sold 49,131 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the completion of the transaction, the director owned 1,826,382 shares in the company, valued at $297,389,781.06. The trade was a 2.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,520,246 shares of company stock valued at $660,253,045 over the last three months. 4.17% of the stock is currently owned by insiders.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $164.07 on Tuesday. The firm has a fifty day simple moving average of $142.53 and a 200 day simple moving average of $128.80. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $167.89. The company has a market capitalization of $4.00 trillion, a PE ratio of 52.93, a P/E/G ratio of 1.46 and a beta of 2.13. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company's quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

NVIDIA 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.

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