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.