Tompkins Financial Corp Boosts Stake in NVIDIA Amid Strong Earnings Report
Tompkins Financial Corp has increased its stake in NVIDIA Corporation (NASDAQ:NVDA), purchasing an additional 3,028 shares during the second quarter. The fund now owns 255,190 shares of the computer hardware maker's stock, valued at approximately $51 million.
NVIDIA makes up about 3.6% of Tompkins Financial Corp's investment portfolio, making it the company's fifth-largest holding. The hedge fund and other institutional investors own around 65.27% of NVIDIA's outstanding shares.
In related news, several insiders have sold large amounts of NVIDIA stock in recent weeks. Director Stephen C. Neal sold over 15,500 shares on June 3rd at an average price of $215.73, while Director Mark A. Stevens sold nearly 885,000 shares on June 18th at an average price of $210.17.