Nomura Securities Maintains a 'Neutral' on NVIDIA (NVDA); F3Q Review

Nomura Securities maintains a 'Neutral' on NVIDIA (NASDAQ: NVDA) price target raised $1 to $16.

Nomura analyst, Romit Shah, said, "Though maintaining a Neutral rating at present, we believe the bear case on Nvidia is weakening. The company executed well in a tough environment. Desktop, gaming, and professional graphics offset a widely expected decline in notebook graphics, and despite share loss and a product cycle transition in mobile, Tegra sales are holding firm in the January quarter. We aim to monitor sell-through of recent designs as well as overall PC end demand in the coming period. Overall, our estimates increase from $1.10 to $1.15 for FY13 and our price target moves to $16."

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 $14.47 yesterday.

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