NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp reduced its holdings in NVIDIA Co. (NASDAQ:NVDA) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 258,649 shares of the computer hardware maker’s stock after selling 6,830 shares during the quarter. NVIDIA accounts for 3.2% of Tompkins Financial Corp’s portfolio, making the stock its 5th largest position. Tompkins Financial Corp’s holdings in NVIDIA were worth $34,734,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Yarger Wealth Strategies LLC grew its stake in shares of NVIDIA by 7.3% in the fourth quarter. Yarger Wealth Strategies LLC now owns 11,042 shares of the computer hardware maker’s stock worth $1,483,000 after purchasing an additional 752 shares in the last quarter. RDA Financial Network increased its stake in NVIDIA by 5.2% during the 4th quarter. RDA Financial Network now owns 91,638 shares of the computer hardware maker’s stock valued at $12,306,000 after buying an additional 4,530 shares during the period. Truefg LLC acquired a new stake in shares of NVIDIA in the 4th quarter worth approximately $778,000. Goldstone Financial Group LLC lifted its stake in shares of NVIDIA by 4.3% in the 4th quarter. Goldstone Financial Group LLC now owns 25,214 shares of the computer hardware maker’s stock worth $3,386,000 after acquiring an additional 1,046 shares during the period. Finally, Capital & Planning LLC boosted its holdings in shares of NVIDIA by 16.9% in the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker’s stock valued at $1,021,000 after acquiring an additional 1,099 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $118.65 on Wednesday. The business has a fifty day simple moving average of $136.19 and a 200 day simple moving average of $129.38. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1 year low of $66.25 and a 1 year high of $153.13. The firm has a market cap of $2.91 trillion, a price-to-earnings ratio of 46.69, a P/E/G ratio of 2.16 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business’s quarterly revenue was up 93.6% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. As a group, sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

NVDA has been the topic of several recent analyst reports. Loop Capital reissued a “buy” rating and set a $175.00 target price on shares of NVIDIA in a report on Wednesday, November 20th. The Goldman Sachs Group boosted their price objective on NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Mizuho raised their target price on NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company lifted their target price on NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Melius Research upped their price target on shares of NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $166.23.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 716 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the transaction, the director now owns 19,942 shares in the company, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock worth $146,506,958 in the last 90 days. 4.23% of the stock is owned by insiders.

About NVIDIA

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.