First Bancorp Inc ME Sells 1,684 Shares of NVIDIA Corporation $NVDA

First Bancorp Inc ME reduced its position in NVIDIA Corporation (NASDAQ:NVDA) by 14.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,871 shares of the computer hardware maker’s stock after selling 1,684 shares during the quarter. NVIDIA makes up about 0.9% of First Bancorp Inc ME’s holdings, making the stock its 25th largest position. First Bancorp Inc ME’s holdings in NVIDIA were worth $1,560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vista Finance LLC purchased a new position in NVIDIA during the second quarter valued at approximately $258,000. Arcus Capital Partners LLC grew its stake in NVIDIA by 31.8% in the 2nd quarter. Arcus Capital Partners LLC now owns 9,626 shares of the computer hardware maker’s stock worth $1,521,000 after buying an additional 2,320 shares in the last quarter. Goldstein Advisors LLC increased its holdings in shares of NVIDIA by 0.3% in the 2nd quarter. Goldstein Advisors LLC now owns 31,720 shares of the computer hardware maker’s stock worth $5,011,000 after buying an additional 95 shares during the last quarter. Joseph P. Lucia & Associates LLC raised its position in shares of NVIDIA by 2.2% during the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 51,786 shares of the computer hardware maker’s stock valued at $8,182,000 after buying an additional 1,127 shares in the last quarter. Finally, Wealthstream Advisors Inc. grew its position in NVIDIA by 12.2% in the second quarter. Wealthstream Advisors Inc. now owns 29,055 shares of the computer hardware maker’s stock worth $4,590,000 after acquiring an additional 3,154 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Up 0.3%

Shares of NVDA stock opened at $193.80 on Thursday. The stock has a market capitalization of $4.71 trillion, a price-to-earnings ratio of 55.21, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The stock’s 50-day moving average price is $184.84 and its 200-day moving average price is $164.84. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. During the same quarter in the previous year, the business posted $0.68 earnings per share. The business’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 1.14%.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total value of $13,317,750.00. Following the completion of the sale, the chief executive officer owned 72,248,366 shares of the company’s stock, valued at $12,829,142,350.62. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 3,326,577 shares of company stock valued at $596,625,187. Corporate insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NVDA shares. Wall Street Zen upgraded NVIDIA from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Truist Financial increased their price objective on NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. UBS Group reissued a “buy” rating on shares of NVIDIA in a research note on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of NVIDIA in a research report on Wednesday, October 8th. Finally, Evercore ISI set a $261.00 target price on NVIDIA and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $235.44.

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.