NVIDIA Co. (NASDAQ:NVDA) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC grew its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,504,847 shares of the computer hardware maker's stock after buying an additional 63,100 shares during the quarter. NVIDIA accounts for approximately 5.5% of MetLife Investment Management LLC's holdings, making the stock its 2nd biggest holding. MetLife Investment Management LLC's holdings in NVIDIA were worth $1,007,826,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Tacita Capital Inc purchased a new position in shares of NVIDIA in the fourth quarter valued at $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA during the fourth quarter valued at $34,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA during the fourth quarter valued at $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA during the fourth quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA during the fourth quarter valued at $46,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 0.4%

Shares of NASDAQ:NVDA traded up $0.57 during mid-day trading on Friday, hitting $135.40. 221,859,039 shares of the company traded hands, compared to its average volume of 294,737,502. The firm has a market cap of $3.31 trillion, a P/E ratio of 53.29, a PEG ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The firm's 50 day simple moving average is $112.33 and its 200 day simple moving average is $126.97.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued 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 0.03%. NVIDIA's dividend payout ratio is presently 1.36%.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 in the last three months. 4.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on NVDA. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Barclays decreased their price objective on NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Susquehanna reaffirmed a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Mizuho decreased their price target on NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. Finally, Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.84.

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.