APEIRON CAPITAL Ltd Takes Position in NVIDIA Co. (NASDAQ:NVDA)

Posted by Defense World Staff on Oct 16th, 2023

APEIRON CAPITAL Ltd bought a new stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,613 shares of the computer hardware maker’s stock, valued at approximately $4,913,000. NVIDIA makes up approximately 3.0% of APEIRON CAPITAL Ltd’s holdings, making the stock its 8th biggest holding.

Several other hedge funds have also recently made changes to their positions in NVDA. Contravisory Investment Management Inc. purchased a new stake in NVIDIA in the 1st quarter worth about $28,000. Nordwand Advisors LLC purchased a new stake in NVIDIA in the 1st quarter worth about $28,000. Quarry LP purchased a new stake in NVIDIA in the 1st quarter worth about $34,000. Compass Wealth Management LLC purchased a new stake in NVIDIA in the 4th quarter worth about $39,000. Finally, MRP Capital Investments LLC purchased a new stake in NVIDIA in the 2nd quarter worth about $42,000. 64.79% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Down 3.2 %

NVDA stock opened at $454.61 on Monday. The firm has a market cap of $1.12 trillion, a PE ratio of 109.81, a P/E/G ratio of 3.52 and a beta of 1.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.37 and a current ratio of 2.79. The firm’s fifty day moving average is $449.79 and its 200 day moving average is $393.58. NVIDIA Co. has a one year low of $112.04 and a one year high of $502.66.

NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.62. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The business had revenue of $13.51 billion for the quarter, compared to analyst estimates of $11.19 billion. During the same quarter last year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was up 101.5% compared to the same quarter last year. On average, research analysts forecast that NVIDIA Co. will post 9.54 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th were given a $0.04 dividend. The ex-dividend date was Wednesday, September 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is 3.86%.

Insider Activity

In related news, Director Mark A. Stevens sold 21,500 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $468.08, for a total transaction of $10,063,720.00. Following the transaction, the director now directly owns 1,030,786 shares in the company, valued at $482,490,310.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Colette Kress sold 4,980 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $460.74, for a total transaction of $2,294,485.20. Following the transaction, the chief financial officer now directly owns 499,428 shares in the company, valued at $230,106,456.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 21,500 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $468.08, for a total transaction of $10,063,720.00. Following the transaction, the director now owns 1,030,786 shares in the company, valued at $482,490,310.88. The disclosure for this sale can be found here. Insiders have sold a total of 145,232 shares of company stock worth $67,606,089 over the last 90 days. 3.99% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Argus upped their target price on shares of NVIDIA from $450.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. Robert W. Baird upped their target price on shares of NVIDIA from $570.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, August 24th. JPMorgan Chase & Co. upped their target price on shares of NVIDIA from $500.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, August 24th. Jefferies Financial Group upped their target price on shares of NVIDIA from $500.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, Benchmark upped their target price on shares of NVIDIA from $475.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $561.45.

Read Our Latest Research Report on NVIDIA

NVIDIA Profile

(Free Report)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.