NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Decreased by Tompkins Financial Corp

Tompkins Financial Corp lowered its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 258,649 shares of the computer hardware maker's stock after selling 6,830 shares during the period. NVIDIA makes up approximately 3.2% of Tompkins Financial Corp's investment portfolio, making the stock its 5th largest holding. Tompkins Financial Corp's holdings in NVIDIA were worth $34,734,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NVDA. Quest Partners LLC purchased a new stake in NVIDIA during the second quarter worth about $27,000. Christopher J. Hasenberg Inc acquired a new stake in NVIDIA in the third quarter valued at $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in NVIDIA in the second quarter valued at approximately $31,000. Legend Financial Advisors Inc. purchased a new position in shares of NVIDIA in the 4th quarter valued at $34,000. Finally, West Financial Advisors LLC acquired a new stake in shares of NVIDIA during the third quarter worth about $36,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. This represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 66,670 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now directly owns 3,351,572 shares of the company's stock, valued at $453,802,848.80. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. Company insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

NVDA traded up $3.85 on Thursday, hitting $128.68. The company's stock had a trading volume of 250,020,020 shares, compared to its average volume of 295,406,688. NVIDIA Co. has a 12 month low of $66.25 and a 12 month high of $153.13. The company's 50 day simple moving average is $135.62 and its 200-day simple moving average is $129.35. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.15 trillion, a P/E ratio of 50.64, a price-to-earnings-growth ratio of 2.16 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion during the quarter, compared to analysts' expectations of $33.15 billion. During the same quarter in the previous year, the company earned $0.38 EPS. The business's quarterly revenue was up 93.6% compared to the same quarter last year. Analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.57%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NVDA. Bank of America reissued a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Susquehanna raised their price target on NVIDIA from $160.00 to $180.00 and gave the company a "positive" rating in a research report on Thursday, November 14th. Oppenheimer reissued an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Redburn Atlantic started coverage on shares of NVIDIA in a research note on Tuesday, November 12th. They issued a "buy" rating and a $178.00 target price for the company. Finally, Stifel Nicolaus increased their price objective on shares of NVIDIA from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $166.23.

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.