UPDATE - Nomura Upgrades NVIDIA (NVDA) to Buy; Segments Improving; Valuation Attractive
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Price: $802.54 -5.22%
Rating Summary:
50 Buy, 11 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
50 Buy, 11 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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UPDATE - Nomura upgrades NVIDIA (Nasdaq: NVDA) from Neutral to Buy. PT $16.
Analyst, Romit Shah, said, "GPU and Mobile segments improving, valuation hard to ignore. We expect NVDA to beat current-quarter estimates on Friday, driven by strength in graphics. Further, Intel's (Nasdaq: INTC) Ivy Bridge launch should boost GPU rates in July period. Trading at a 20% yield on enterprise value to free cash flow, versus a comp group average of 11%, and 1x ev/sales, it is the same level where the stock bottomed in 2010. Our sum of the parts analysis suggests NVDA is worth ~$13 per share vs. Friday’s closing price of $12.26. That would suggest the market is assigning a value of ($1.00) to Tegra. 2012E/2013E EPS is $0.75/$0.90 vs. Street at $0.67/$0.89."
To see more ratings on NVDA, Click Here
Analyst, Romit Shah, said, "GPU and Mobile segments improving, valuation hard to ignore. We expect NVDA to beat current-quarter estimates on Friday, driven by strength in graphics. Further, Intel's (Nasdaq: INTC) Ivy Bridge launch should boost GPU rates in July period. Trading at a 20% yield on enterprise value to free cash flow, versus a comp group average of 11%, and 1x ev/sales, it is the same level where the stock bottomed in 2010. Our sum of the parts analysis suggests NVDA is worth ~$13 per share vs. Friday’s closing price of $12.26. That would suggest the market is assigning a value of ($1.00) to Tegra. 2012E/2013E EPS is $0.75/$0.90 vs. Street at $0.67/$0.89."
To see more ratings on NVDA, Click Here
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