First Bancorp Inc ME Has $1.25 Million Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

First Bancorp Inc ME lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 18.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,555 shares of the computer hardware maker's stock after purchasing an additional 1,803 shares during the quarter. NVIDIA comprises about 0.8% of First Bancorp Inc ME's portfolio, making the stock its 29th biggest position. First Bancorp Inc ME's holdings in NVIDIA were worth $1,252,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Crumly & Associates Inc. grew its position in shares of NVIDIA by 5.7% during the 1st quarter. Crumly & Associates Inc. now owns 11,258 shares of the computer hardware maker's stock valued at $1,220,000 after acquiring an additional 604 shares during the period. 1858 Wealth Management LLC boosted its holdings in NVIDIA by 7.4% in the 1st quarter. 1858 Wealth Management LLC now owns 38,817 shares of the computer hardware maker's stock worth $4,207,000 after buying an additional 2,667 shares during the last quarter. Kennedy Investment Group boosted its holdings in shares of NVIDIA by 4.8% during the 1st quarter. Kennedy Investment Group now owns 60,108 shares of the computer hardware maker's stock worth $6,514,000 after purchasing an additional 2,732 shares during the last quarter. Madison Wealth Partners Inc boosted its holdings in shares of NVIDIA by 9.5% during the 1st quarter. Madison Wealth Partners Inc now owns 20,289 shares of the computer hardware maker's stock worth $2,199,000 after purchasing an additional 1,764 shares during the last quarter. Finally, MBE Wealth Management LLC boosted its holdings in shares of NVIDIA by 21.2% during the 1st quarter. MBE Wealth Management LLC now owns 15,195 shares of the computer hardware maker's stock worth $1,647,000 after purchasing an additional 2,657 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Performance

NASDAQ NVDA traded up $0.82 on Friday, hitting $164.92. The stock had a trading volume of 193,205,730 shares, compared to its average volume of 265,988,678. NVIDIA Corporation has a one year low of $86.62 and a one year high of $167.89. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a market cap of $4.02 trillion, a price-to-earnings ratio of 53.20, a P/E/G ratio of 1.45 and a beta of 2.13. The company's 50-day moving average is $141.53 and its two-hundred day moving average is $128.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the company posted $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. On average, analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,520,246 shares of company stock worth $660,253,045. Company insiders own 4.17% of the company's stock.

Analyst Ratings Changes

NVDA has been the topic of several analyst reports. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Barclays upped their price objective on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Benchmark restated a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Morgan Stanley restated an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $177.03.

NVIDIA Company 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.