5 Best Small-Cap Nickel Stocks to Buy Now

2. Materion Corporation (NYSE:MTRN)

Number of Hedge Fund Holders: 16   

Market Capitalization as of August 19: $1.9 billion  

Materion Corporation (NYSE:MTRN) produces advanced engineered materials. These materials use nickel and are supplied to the semiconductor, industrial, aerospace and defense, automotive, and consumer electronics industries. The company has an impressive dividend history stretching back close to a decade. In the past eight years, the payouts have registered consistent growth. On August 11, the firm declared a quarterly dividend of $0.125 per share, in line with previous. The forward yield was 0.53%. 

On July 6, CL King analyst David Silver initiated coverage of Materion Corporation (NYSE:MTRN) stock with a Buy rating and a price target of $95, noting that the firm had developed a reputation as a reliable industrial supplier. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm ACK Asset Management is a leading shareholder in Materion Corporation (NYSE:MTRN), with 419,700 shares worth more than $35 million. Overall, at the end of the first quarter of 2022, 16 hedge funds in the database of Insider Monkey held stakes worth $119 million in Materion Corporation (NYSE:MTRN), compared to 18 in the previous quarter worth $118 million.