Shares of Nvidia increased 3.05% to $16.22. The graphics computing company signed a patent licensing agreement with technology licensing company Rambus on Wednesday. Both companies settled all of their outstanding claims including prior usage or Rambus' patented items. Nvidia's stock reached a 52-week high of $26.01 on Feb. 17, 2011. The stock's 52-week low of $11.47 was set on Oct. 4, 2011. Nvidia has a forward P/E of 15.35; the average among semiconductor companies is 17.26. For comparison, Applied Materials ( AMAT) and Analog Devices ( ADI) both have lower forward P/Es of 10.98 and 14.71, respectively. Of the 34 analysts who cover Nvidia, 19 rated it a hold. Thirteen analysts gave the stock a buy rating and two considered it a sell. TheStreet Ratings gives Nvidia a B- grade with a buy rating and $20.02price target. The stock has risen 16.96% year to date.
- Computer Sciences (CSC): Shares rose 19.52% Wednesday to $31.65. The stock has risen 33.54% year to date. It gets a D+ grade from TheStreet Ratings and a sell rating.
- Cerner (CERN): Shares increased 12.81% to $70.59. The stock has risen 15.24% year to date. It gets an A- grade from TheStreet Ratings with a buy rating and $80.93 price target.
- Ralph Lauren (RL): Shares rose 9.35% to $171.75. The stock has increased 24.46% year to date. It gets an A- grade from TheStreet Ratings with a buy rating and $200.81 price target.
- Hartford Financial (HIG): Shares increased 7.69% to $20.59. The stock rose 26.95% year to date. It gets a C grade from TheStreet Ratings and a hold rating.