Monday, May 07, 2012 12:35:36 PM
May 7, 2012, 10:49 A.M. ET. By Tiernan Ray
Shares of Nvidia (NVDA) are up 22 cents, almost 2%, at $12.48 after Nomura Equity Research’s Romit Shah raised his rating on the stock to Buy from Neutral, while maintaining his $16 price target, writing “enough is enough,” that the stock has an enviable 20% free cash flow yield based on its enterprise value, and trades at just one times sales, the same level where it bottomed in 2010.
“The market is not assigning any value to Tegra, in our view,” writes Shah, “considering $5 in net cash, Intel royalties ($1.00) and a graphics business that is conservatively worth $7-8 per share.”
The company’s fiscal Q1 results, to be reported Friday, will likely beat the consensus 9 cents a share in profit by a penny, Shah writes, on $915 million in revenue, just below the average $916 million estimate.
Shah sees 75 cents a share in profit this year, above the average 67 cents estimate, driven by share gains against Advanced Micro Devices (AMD) in graphics chips, as the company wins business at Apple (AAPL) and “other mainstream desktop and notebook platforms.”
http://blogs.barrons.com/techtraderdaily/2012/05/07/nvidia-nomura-ups-to-buy-likely-beat-on-fyq1/?mod=google_news_blog
Recent NVDA News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/07/2024 09:27:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/01/2024 08:19:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/26/2024 09:22:24 PM
- Dow, S&P Come Off Record Highs, Close On Weak Note • IH Market News • 09/25/2024 08:45:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/24/2024 09:58:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/24/2024 08:12:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/23/2024 08:45:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/21/2024 01:14:53 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/21/2024 01:13:45 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/21/2024 01:11:52 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/21/2024 01:11:08 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/21/2024 01:10:31 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/21/2024 01:09:29 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/20/2024 08:34:26 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/20/2024 08:27:54 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/20/2024 08:01:53 PM
- Nike Shares Surge 7% Pre-Market as Elliott Hill Becomes CEO; FedEx Shares Tumble 13% After Profit Miss • IH Market News • 09/20/2024 10:02:58 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/19/2024 09:12:05 PM
- Meta Strengthens Child Privacy on Instagram; Google Overturns $1.7 Billion Antitrust Fine; Snap Updates Spectacles • IH Market News • 09/18/2024 10:13:07 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 08:22:22 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/13/2024 08:36:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 12:04:47 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/12/2024 08:22:35 PM
- U.S. Stocks May Lack Direction Following Yesterday’s Turnaround • IH Market News • 09/12/2024 01:10:11 PM
- Norfolk Southern CEO Fired, Ryanair Lowers Fare Forecast, 23andMe Considers Acquisition Proposals • IH Market News • 09/12/2024 10:02:29 AM
Unitronix Corp. to Invest $3 Million in USA Unity Coin Project • UTRX • Oct 7, 2024 7:08 AM
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • SMX • Oct 3, 2024 7:00 AM