NEW YORK ( TheStreet) -- For as well as semiconductor stocks such as Qualcomm ( QCOM), ARM Holdings ( ARMH) and Texas Instruments ( TXN) have performed over the past several quarters, it seems Nvidia ( NVDA) can't get any love.The company is finding it difficult to convince Wall Street that it is more than just a graphics chip "has been." Investors who are willing to bet on Nvidia's ability to find growth beyond PCs may be able to capitalize on a good turnaround story. But is it worth the risk?
Its better-than-expected results were largely attributed to growth in consumer sales, which continue to rise, helped by increased Tegra demand. Nvidia continues to steal market share from Advanced Micro Devices ( AMD) in graphic chips even as Intel ( INTC) said a month earlier that it was hurt by rising inventories. In terms of guidance, the company expects Q4 revenue to come in the range of $1.03 billion to $1.18 billion. While this might be slightly lower than analysts' estimates of $1.21 billion, it will represent annual growth of over 20%. Nvidia ended the call announcing to investors its plans to pay the first-ever dividend in the company's history. The payout of 7.5 cents per share will begin Dec. 14, while also extending its current share-repurchase program by an additional two years through 2014.