Metis Global Partners LLC Raises Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Metis Global Partners LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,464,826 shares of the computer hardware maker’s stock after purchasing an additional 50,978 shares during the period. NVIDIA makes up approximately 5.9% of Metis Global Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Metis Global Partners LLC’s holdings in NVIDIA were worth $196,711,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the 4th quarter valued at $34,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA during the fourth quarter worth $40,000. Lowe Wealth Advisors LLC purchased a new stake in shares of NVIDIA during the fourth quarter valued at $46,000. 1620 Investment Advisors Inc. grew its holdings in shares of NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock worth $51,000 after purchasing an additional 248 shares during the last quarter. Finally, Gleason Group Inc. increased its stake in NVIDIA by 52.9% in the 4th quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker’s stock worth $58,000 after buying an additional 148 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on NVDA. Morgan Stanley set a $162.00 target price on shares of NVIDIA and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. KeyCorp set a $190.00 price objective on NVIDIA in a research note on Wednesday, March 19th. Wedbush reaffirmed an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, February 20th. Barclays increased their price target on NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Mizuho decreased their price objective on NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Six analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $169.89.

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 183,609 shares of company stock worth $22,642,615 over the last quarter. 4.23% of the stock is currently owned by insiders.

NVIDIA Stock Performance

NVDA opened at $94.31 on Friday. The firm has a 50 day moving average of $121.20 and a two-hundred day moving average of $131.07. The firm has a market capitalization of $2.30 trillion, a PE ratio of 37.12, a P/E/G ratio of 1.76 and a beta of 1.96. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $195.95.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $38.16 billion. On average, analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

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.