UPDATE - Nomura Upgrades NVIDIA (NVDA) to Buy; Segments Improving; Valuation Attractive
Tweet
Share
E-mailGet Alerts NVDA Hot Sheet
Price: $216.85 -0.33%
Rating Summary:
58 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 4 | New: 11
Rating Summary:
58 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 4 | New: 11
Join SI Premium – FREE
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
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nomura/Instinet Upgrades Sunway Healthcare Holdings (SUNMED:MK) to Buy
- Morgan Stanley Upgrades Ternium S.A. (TX) to Overweight
- Jefferies Upgrades Fortescue Metals Group Ltd. (FMG:AU) (FSUGY) to Hold
Create E-mail Alert Related Categories
Analyst EPS Change, Analyst EPS View, UpgradesRelated Entities
NomuraSign 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!
