NVIDIA Co. (NASDAQ:NVDA) is Tompkins Financial Corp’s 6th Largest Position

Tompkins Financial Corp grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 10.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 286,290 shares of the computer hardware maker’s stock after buying an additional 27,641 shares during the quarter. NVIDIA makes up 3.0% of Tompkins Financial Corp’s portfolio, making the stock its 6th biggest holding. Tompkins Financial Corp’s holdings in NVIDIA were worth $31,028,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Silvia Mccoll Wealth Management LLC boosted its stake in NVIDIA by 6.8% during the first quarter. Silvia Mccoll Wealth Management LLC now owns 10,104 shares of the computer hardware maker’s stock valued at $1,095,000 after buying an additional 642 shares during the last quarter. O Connor Financial Group LLC increased its holdings in shares of NVIDIA by 5.9% in the 1st quarter. O Connor Financial Group LLC now owns 7,297 shares of the computer hardware maker’s stock valued at $791,000 after acquiring an additional 406 shares during the period. GoalVest Advisory LLC boosted its position in shares of NVIDIA by 36.6% in the 1st quarter. GoalVest Advisory LLC now owns 35,480 shares of the computer hardware maker’s stock worth $3,845,000 after purchasing an additional 9,513 shares in the last quarter. GAMMA Investing LLC lifted its position in NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock worth $5,293,039,000 after acquiring an additional 48,439,859 shares during the period. Finally, Howard Financial Services LTD. lifted its position in NVIDIA by 4.7% during the 1st quarter. Howard Financial Services LTD. now owns 81,027 shares of the computer hardware maker’s stock worth $8,782,000 after acquiring an additional 3,662 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $142.63 on Tuesday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.48 trillion, a price-to-earnings ratio of 56.13, a PEG ratio of 1.76 and a beta of 2.12. The firm’s fifty day simple moving average is $119.10 and its 200 day simple moving average is $126.11. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. As a group, equities research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.29%.

Analyst Ratings Changes

NVDA has been the subject of several recent analyst reports. Citigroup restated a “buy” rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research note on Thursday, May 29th. William Blair reiterated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Summit Insights upgraded NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. Hsbc Global Res cut NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $171.66.

Insider Buying and Selling

In related news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director now owns 9,214,697 shares in the company, valued at $1,298,535,101.24. This represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,255,320 shares of company stock worth $172,680,419 over the last quarter. 4.17% of the stock is owned by company insiders.

NVIDIA Company 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.