TB Alternative Assets Ltd. Acquires New Stake in NVIDIA Corporation (NASDAQ:NVDA)

TB Alternative Assets Ltd. bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 77,381 shares of the computer hardware maker's stock, valued at approximately $8,387,000. NVIDIA makes up approximately 1.9% of TB Alternative Assets Ltd.'s investment portfolio, making the stock its 15th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in NVDA. Tacita Capital Inc acquired a new stake in NVIDIA during the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the fourth quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA in the fourth quarter valued at $40,000. Copia Wealth Management bought a new position in shares of NVIDIA in the fourth quarter valued at $50,000. Finally, LSV Asset Management acquired a new stake in shares of NVIDIA during the 4th quarter valued at $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NVDA. Truist Financial lifted their target price on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research report on Wednesday, March 19th. Oppenheimer reissued an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a research note on Monday. Mizuho upped their price objective on shares of NVIDIA from $168.00 to $170.00 and gave the company an "outperform" rating in a research note on Thursday, May 29th. Finally, TD Cowen raised their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $173.05.

Insider Activity

In other news, Director Mark A. Stevens sold 190,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.51, for a total transaction of $27,076,900.00. Following the completion of the transaction, the director now directly owns 8,855,848 shares in the company, valued at $1,262,046,898.48. The trade was a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the sale, the director now directly owns 26,671,360 shares of the company's stock, valued at $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,469,685 shares of company stock valued at $349,669,962 over the last 90 days. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NVDA stock opened at $145.48 on Friday. The company has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 46.93, a P/E/G ratio of 1.28 and a beta of 2.12. The firm has a 50 day moving average of $125.72 and a two-hundred day moving average of $126.66. 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 Corporation has a 12 month low of $86.62 and a 12 month high of $153.13.

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

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 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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