Nomura Securities Maintains a 'Buy' on NVIDIA (NVDA); Analyst Day Reaffirms Positive Thesis
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Price: $225.16 --0%
Rating Summary:
58 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 13 | New: 19
Rating Summary:
58 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 13 | New: 19
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Nomura Securities maintains a 'Buy' on NVIDIA (NASDAQ: NVDA) price target of $18.00.
Analyst, Romit Shah, said, "Core graphics will likely prove sticker than investor’s expectations. The company expects to expand the GPU business faster than the PC market. We believe concerns around increasing mix of Ultrabooks are overblown. Nvidia will likely gain market share from AMD driven by share gains at Apple and in the channel. Management believes acquisitions will provide a greater return than share repurchase. It has $3bn in cash and is looking to acquire IP in basebands. Maintain above consensus CY12/CY13 EPS (incl. ESO) estimates of $0.76/$1.00 vs. consensus of $0.72/$0.93, respectively. Shares are attractive at 1x EV/sales and 12x CY13E EPS."
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 $12.11 yesterday.
Analyst, Romit Shah, said, "Core graphics will likely prove sticker than investor’s expectations. The company expects to expand the GPU business faster than the PC market. We believe concerns around increasing mix of Ultrabooks are overblown. Nvidia will likely gain market share from AMD driven by share gains at Apple and in the channel. Management believes acquisitions will provide a greater return than share repurchase. It has $3bn in cash and is looking to acquire IP in basebands. Maintain above consensus CY12/CY13 EPS (incl. ESO) estimates of $0.76/$1.00 vs. consensus of $0.72/$0.93, respectively. Shares are attractive at 1x EV/sales and 12x CY13E EPS."
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 $12.11 yesterday.
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