MetLife Investment Advisors LLC Sells 2,424 Shares of NVIDIA Co. (NVDA)

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MetLife Investment Advisors LLC lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 174,411 shares of the computer hardware maker’s stock after selling 2,424 shares during the period. MetLife Investment Advisors LLC’s holdings in NVIDIA were worth $23,284,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. TD Capital Management LLC purchased a new stake in NVIDIA during the 4th quarter valued at $27,000. Swedbank boosted its position in NVIDIA by 50.4% during the 4th quarter. Swedbank now owns 2,547,600 shares of the computer hardware maker’s stock valued at $340,487,000 after buying an additional 854,050 shares during the period. Girard Partners LTD. boosted its position in NVIDIA by 25.1% during the 4th quarter. Girard Partners LTD. now owns 2,300 shares of the computer hardware maker’s stock valued at $307,000 after buying an additional 461 shares during the period. River Wealth Advisors LLC boosted its position in NVIDIA by 7.4% during the 4th quarter. River Wealth Advisors LLC now owns 2,563 shares of the computer hardware maker’s stock valued at $342,000 after buying an additional 177 shares during the period. Finally, Man Group plc boosted its position in NVIDIA by 5.6% during the 3rd quarter. Man Group plc now owns 37,977 shares of the computer hardware maker’s stock valued at $10,673,000 after buying an additional 2,028 shares during the period. 69.09% of the stock is currently owned by institutional investors.

NVDA has been the subject of several analyst reports. ValuEngine raised shares of NVIDIA from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research raised shares of NVIDIA from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Oppenheimer reissued an “outperform” rating and set a $250.00 price target on shares of NVIDIA in a research report on Wednesday, January 9th. Needham & Company LLC reissued a “sell” rating on shares of NVIDIA in a research report on Tuesday, March 12th. Finally, Benchmark reissued a “buy” rating and set a $190.00 price target (down previously from $240.00) on shares of NVIDIA in a research report on Monday, January 28th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $207.24.

In other NVIDIA news, EVP Debora Shoquist sold 6,345 shares of the business’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $135.33, for a total transaction of $858,668.85. Following the transaction, the executive vice president now owns 177,911 shares in the company, valued at $24,076,695.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.70% of the company’s stock.

Shares of NASDAQ:NVDA opened at $183.94 on Friday. The company has a current ratio of 7.94, a quick ratio of 6.76 and a debt-to-equity ratio of 0.21. NVIDIA Co. has a 1-year low of $124.46 and a 1-year high of $292.76. The company has a market cap of $105.69 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 4.19 and a beta of 1.89.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.27. NVIDIA had a net margin of 35.35% and a return on equity of 41.78%. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the firm earned $1.72 earnings per share. The company’s revenue for the quarter was down 24.3% on a year-over-year basis. On average, equities research analysts predict that NVIDIA Co. will post 4.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 1st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.35%. The ex-dividend date is Thursday, February 28th. NVIDIA’s dividend payout ratio is presently 10.54%.

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NVIDIA Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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