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

Metis Global Partners LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,464,826 shares of the computer hardware maker's stock after buying an additional 50,978 shares during the period. NVIDIA comprises about 5.9% of Metis Global Partners LLC's 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 bought and sold shares of the company. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA in the 4th quarter valued at $34,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA during the fourth quarter valued at about $40,000. Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA during the fourth quarter worth about $46,000. 1620 Investment Advisors Inc. increased its stake 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 valued at $51,000 after buying an additional 248 shares during the period. Finally, Gleason Group Inc. boosted its position in NVIDIA by 52.9% during 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. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now owns 251,044 shares in the company, valued at $28,993,071.56. This trade represents a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NVDA shares. William Blair reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $220.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. KeyCorp set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Wedbush restated an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $169.89.

NVIDIA Stock Performance

NASDAQ:NVDA traded up $3.33 on Monday, reaching $97.64. 605,975,624 shares of the company's stock were exchanged, compared to its average volume of 313,976,024. The stock has a fifty day simple moving average of $121.20 and a 200-day simple moving average of $131.19. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market cap of $2.38 trillion, a price-to-earnings ratio of 38.43, a P/E/G ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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 return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. As a group, sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA's dividend payout ratio is currently 1.36%.

About NVIDIA

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.