Needham & Company Maintains a 'Buy' on NVIDIA (NVDA); Top Line Tracking to Expectations, Gross Margins Short
Tweet
Share
E-mailGet Alerts NVDA Hot Sheet
Price: $225.16 -0.06%
Rating Summary:
58 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
58 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Needham & Company maintains a 'Buy' on NVIDIA (NASDAQ: NVDA) price target of $20.00.
Analyst, Rajvindra S. Gill, said, "We see discrete GPU revenues rebounding in the C2Q driven by the introduction of NVDA’s new 28nm Kepler and a channel refill after the shortage of hard disk drives post-Thailand disaster. We have discrete GPU sales up 4% Q/Q in C2Q and increasing 14% Q/Q in 3Q and 6% in 4Q. We believe Tegra sales are on track to hit the $540MM mark for the year as we expect positive ramps at HTC and ZTE. We think the Windows (Nasdaq: MSFT) on ARM is more of a 2013 opportunity, and assert NVDA is in a pole position to gain share in that segment."
"We have lowered our C2Q estimates to $949MM/$0.18 (vs. $949MM/$0.19) and
CY12 estimates to $4.1BN/$0.90. Our CY13 estimates of $4.45BN/$1.15 remain unchanged."
For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.
Shares of NVIDIA closed at $14.16 yesterday.
Analyst, Rajvindra S. Gill, said, "We see discrete GPU revenues rebounding in the C2Q driven by the introduction of NVDA’s new 28nm Kepler and a channel refill after the shortage of hard disk drives post-Thailand disaster. We have discrete GPU sales up 4% Q/Q in C2Q and increasing 14% Q/Q in 3Q and 6% in 4Q. We believe Tegra sales are on track to hit the $540MM mark for the year as we expect positive ramps at HTC and ZTE. We think the Windows (Nasdaq: MSFT) on ARM is more of a 2013 opportunity, and assert NVDA is in a pole position to gain share in that segment."
"We have lowered our C2Q estimates to $949MM/$0.18 (vs. $949MM/$0.19) and
CY12 estimates to $4.1BN/$0.90. Our CY13 estimates of $4.45BN/$1.15 remain unchanged."
For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.
Shares of NVIDIA closed at $14.16 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UBS Reiterates Buy Rating on NVIDIA (NVDA), Expects Q2 Revenue Beat
- Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
- JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
