Tompkins Financial Corp raised its position in NVIDIA Co. (NASDAQ:NVDA) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,066 shares of the computer hardware maker’s stock after acquiring an additional 282 shares during the quarter. Tompkins Financial Corp’s holdings in NVIDIA were worth $2,267,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Blue Fin Capital Inc. lifted its holdings in shares of NVIDIA by 22.3% in the 3rd quarter. Blue Fin Capital Inc. now owns 4,671 shares of the computer hardware maker’s stock worth $1,313,000 after purchasing an additional 853 shares during the last quarter. Man Group plc increased its stake in shares of NVIDIA by 5.6% in the third quarter. Man Group plc now owns 37,977 shares of the computer hardware maker’s stock worth $10,673,000 after purchasing an additional 2,028 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of NVIDIA by 151.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,775 shares of the computer hardware maker’s stock worth $499,000 after purchasing an additional 1,070 shares during the period. Macquarie Group Ltd. increased its stake in NVIDIA by 83.8% during the third quarter. Macquarie Group Ltd. now owns 76,628 shares of the computer hardware maker’s stock valued at $21,533,000 after acquiring an additional 34,946 shares during the period. Finally, Captrust Financial Advisors increased its stake in NVIDIA by 102.2% during the third quarter. Captrust Financial Advisors now owns 3,080 shares of the computer hardware maker’s stock valued at $866,000 after acquiring an additional 1,557 shares during the period. 70.17% of the stock is owned by institutional investors.
A number of research firms have weighed in on NVDA. Evercore ISI decreased their price objective on NVIDIA from $325.00 to $275.00 and set an “outperform” rating on the stock in a report on Monday, January 14th. BidaskClub raised NVIDIA from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Zacks Investment Research raised NVIDIA from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Barclays reaffirmed a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a report on Friday, January 18th. Finally, Benchmark reiterated a “buy” rating and set a $190.00 target price (down previously from $240.00) on shares of NVIDIA in a research report on Monday, January 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $204.46.
NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.27. NVIDIA had a net margin of 35.35% and a return on equity of 41.78%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the firm earned $1.72 earnings per share. NVIDIA’s quarterly revenue was down 24.3% on a year-over-year basis. Sell-side analysts forecast that NVIDIA Co. will post 4.46 EPS for the current year.
In other NVIDIA news, CFO Colette Kress sold 14,092 shares of NVIDIA stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $183.33, for a total value of $2,583,486.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Debora Shoquist sold 5,823 shares of NVIDIA stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the completion of the sale, the executive vice president now directly owns 171,783 shares of the company’s stock, valued at $31,779,855. The disclosure for this sale can be found here. Insiders have sold 20,029 shares of company stock valued at $3,678,385 in the last three months. 4.64% of the stock is owned by insiders.
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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