NVIDIA Corporation (NVDA) Shares Bought by Mackenzie Financial Corp
Mackenzie Financial Corp increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 24.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,143 shares of the computer hardware maker’s stock after purchasing an additional 619 shares during the quarter. Mackenzie Financial Corp’s holdings in NVIDIA were worth $562,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Welch Investments LLC purchased a new position in NVIDIA during the 3rd quarter valued at approximately $104,000. Evercore Wealth Management LLC grew its holdings in NVIDIA by 36.9% during the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after buying an additional 206 shares in the last quarter. Thompson Davis & CO. Inc. grew its holdings in NVIDIA by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after buying an additional 6 shares in the last quarter. Hanson McClain Inc. grew its holdings in NVIDIA by 12.7% during the 2nd quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after buying an additional 99 shares in the last quarter. Finally, Edge Advisors LLC grew its holdings in NVIDIA by 98.8% during the 3rd quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock valued at $149,000 after buying an additional 415 shares in the last quarter. Hedge funds and other institutional investors own 63.51% of the company’s stock.
Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at $194.66 on Tuesday. NVIDIA Corporation has a one year low of $87.54 and a one year high of $218.67. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $116,042.95, a P/E ratio of 47.17, a P/E/G ratio of 4.46 and a beta of 1.18.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a positive change from NVIDIA’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.31%. NVIDIA’s payout ratio is 14.89%.
Several equities analysts have weighed in on the company. Susquehanna Bancshares restated a “neutral” rating and set a $140.00 price target on shares of NVIDIA in a report on Wednesday, August 16th. MKM Partners restated a “neutral” rating and set a $120.00 price target (up previously from $106.00) on shares of NVIDIA in a report on Monday, August 14th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of NVIDIA in a research note on Saturday, September 23rd. Argus reaffirmed a “buy” rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Monday, August 14th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $200.00 price objective (up from $181.00) on shares of NVIDIA in a research note on Monday, October 2nd. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $187.38.
In other NVIDIA news, insider Michael Byron sold 9,538 shares of NVIDIA stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $179.80, for a total transaction of $1,714,932.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tench Coxe sold 50,000 shares of NVIDIA stock in a transaction on Monday, September 18th. The shares were sold at an average price of $189.62, for a total value of $9,481,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 315,175 shares of company stock valued at $59,428,079. 5.17% of the stock is currently owned by corporate insiders.
NVIDIA Company Profile
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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