Tompkins Financial Corp Decreases Stake in NVIDIA Corporation $NVDA

Key Points

• Tompkins Financial Corp reduced its holdings in NVIDIA Corporation by 4.5% during the second quarter, selling 12,770 shares and now owning 273,520 shares valued at approximately $43.2 million.
• Insider transactions included Director Mark A. Stevens selling 350,000 shares for over $61.7 million, while CEO Jen Hsun Huang sold 75,000 shares worth $12.2 million.
• Analysts maintain a positive outlook on NVIDIA, with a consensus target price of $208.76 and many firms recently revising their target prices upwards.

Tompkins Financial Corp lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 273,520 shares of the computer hardware maker's stock after selling 12,770 shares during the quarter. NVIDIA makes up 4.0% of Tompkins Financial Corp's holdings, making the stock its 5th biggest holding. Tompkins Financial Corp's holdings in NVIDIA were worth $43,213,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Copia Wealth Management bought a new stake in shares of NVIDIA in the fourth quarter worth $50,000. Kathleen S. Wright Associates Inc. grew its stake in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the 1st quarter worth approximately $51,000. Bruce G. Allen Investments LLC raised its stake in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares during the period. Finally, Campbell Capital Management Inc. raised its stake in NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after buying an additional 590 shares during the period. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total transaction of $12,233,250.00. Following the completion of the transaction, the chief executive officer owned 74,873,225 shares in the company, valued at approximately $12,212,571,729.75. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,302,450 shares of company stock worth $740,755,443 in the last 90 days. 4.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a report on Tuesday. Daiwa Capital Markets increased their target price on shares of NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research report on Wednesday, September 17th. The Goldman Sachs Group reissued a "buy" rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, August 27th. Morgan Stanley increased their target price on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Finally, TD Cowen raised their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $208.76.

NVIDIA Stock Performance

NVIDIA stock opened at $176.97 on Thursday. The firm's fifty day moving average price is $176.39 and its 200-day moving average price is $144.81. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The stock has a market cap of $4.30 trillion, a P/E ratio of 50.42, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.55.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business's quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.