NVIDIA (NVDA) Lower as Oppenheimer Downgrades
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Price: $846.71 +0.76%
Rating Summary:
50 Buy, 11 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
50 Buy, 11 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Sahres of NVIDIA (NASDAQ: NVDA) are lower Wednesday after Oppenheimer downgraded the stock from Outperform to Perform.
"NVDA stood out in a tough 2012, executing well on core GPU share gains, despite challenged 28nm supply. Key Tegra wins in smartphone/tablet further bolstered top-line momentum," the firm notes. "While most in the PC industry struggle, NVDA's GPU attach rates, ASPs and GM are all steady to rising. It remains the only traditional PC vendor with a credible mobile diversification strategy. Still, we believe most of its GPU share gains are now reflected in estimates. The absence of share gains leaves NVDA increasingly exposed to secularly declining PC units. We are stepping aside until non-PC growth drivers become more meaningful."
For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.
Shares of NVIDIA are down 1.9 percent to $11.87.
"NVDA stood out in a tough 2012, executing well on core GPU share gains, despite challenged 28nm supply. Key Tegra wins in smartphone/tablet further bolstered top-line momentum," the firm notes. "While most in the PC industry struggle, NVDA's GPU attach rates, ASPs and GM are all steady to rising. It remains the only traditional PC vendor with a credible mobile diversification strategy. Still, we believe most of its GPU share gains are now reflected in estimates. The absence of share gains leaves NVDA increasingly exposed to secularly declining PC units. We are stepping aside until non-PC growth drivers become more meaningful."
For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.
Shares of NVIDIA are down 1.9 percent to $11.87.
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