NVIDIA Co. (NASDAQ:NVDA) is Sandy Spring Bank's 4th Largest Position

Sandy Spring Bank trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 715,361 shares of the computer hardware maker's stock after selling 6,721 shares during the quarter. NVIDIA makes up about 3.9% of Sandy Spring Bank's portfolio, making the stock its 4th biggest position. Sandy Spring Bank's holdings in NVIDIA were worth $96,066,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Milestone Resources Group Ltd lifted its holdings in NVIDIA by 0.3% during the 4th quarter. Milestone Resources Group Ltd now owns 3,396,847 shares of the computer hardware maker's stock valued at $456,163,000 after buying an additional 8,992 shares in the last quarter. Lindenwold Advisors INC raised its stake in shares of NVIDIA by 33.8% during the fourth quarter. Lindenwold Advisors INC now owns 45,628 shares of the computer hardware maker's stock valued at $6,127,000 after acquiring an additional 11,516 shares in the last quarter. Generali Investments Management Co LLC purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $22,559,000. GM Advisory Group LLC grew its stake in NVIDIA by 0.4% in the fourth quarter. GM Advisory Group LLC now owns 250,714 shares of the computer hardware maker's stock worth $33,668,000 after purchasing an additional 1,077 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in NVIDIA by 19.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,227,710 shares of the computer hardware maker's stock worth $164,894,000 after purchasing an additional 203,201 shares during the period. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NVDA shares. KeyCorp set a $190.00 target price on NVIDIA in a report on Wednesday, March 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Piper Sandler reissued an "overweight" rating on shares of NVIDIA in a research report on Friday. Susquehanna reaffirmed a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Six investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $164.96.

Insider Activity at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by corporate insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded up $4.58 during trading on Friday, reaching $111.01. 250,248,639 shares of the company's stock traded hands, compared to its average volume of 306,095,411. The firm has a market cap of $2.71 trillion, a PE ratio of 43.69, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a fifty-two week low of $78.22 and a fifty-two week high of $195.95. 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 company has a 50-day simple moving average of $113.77 and a 200-day simple moving average of $129.16.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. As a group, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

NVIDIA 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.