NVIDIA Corporation (NVDA): Today's Featured Technology Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
.
(
) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.3%. By the end of trading, NVIDIA Corporation fell 22 cents (-1.8%) to $12.04 on average volume. Throughout the day, 12.1 million shares of NVIDIA Corporation exchanged hands as compared to its average daily volume of 11 million shares. The stock ranged in price between $12-$12.34 after having opened the day at $12.28 as compared to the previous trading day's close of $12.26. Other companies within the Technology sector that declined today were:
(
), down 13.5%,
(
), down 13.2%,
Kingtone Wirelessinfo Solution
(
), down 11.8%, and
(
), down 10.1%.
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NVIDIA Corporation provides graphics chips for use in smartphones, personal computers (PC), tablets, and professional workstations markets worldwide. It operates in three segments: Graphic Processing Unit (GPU), Professional Solutions Business (PSB), and Consumer Products Business (CPB). NVIDIA Corporation has a market cap of $7.6 billion and is part of the electronics industry. The company has a P/E ratio of 15.2, below the S&P 500 P/E ratio of 17.7. Shares are down 12.3% year to date as of the close of trading on Wednesday. Currently there are nine analysts that rate NVIDIA Corporation a buy, one analyst rates it a sell, and 18 rate it a hold.
TheStreet Ratings rates NVIDIA Corporation as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself.
- You can view the full NVIDIA Ratings Report.
On the positive front,
(
), up 70.2%,
(
), up 38%,
(
), up 28.8%, and
(
), up 24.4%, were all gainers within the technology sector with
(
) being today's featured technology sector leader.
- Use our technology section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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