NVIDIA Corporation (NVDA): Today's Featured Technology Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

NVIDIA Corporation ( NVDA) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.3%. By the end of trading, NVIDIA Corporation rose $0.36 (2.3%) to $15.56 on heavy volume. Throughout the day, 12,837,167 shares of NVIDIA Corporation exchanged hands as compared to its average daily volume of 7,042,600 shares. The stock ranged in a price between $15.19-$15.63 after having opened the day at $15.21 as compared to the previous trading day's close of $15.20. Other companies within the Technology sector that increased today were: ARC Group Worldwide ( ARCW), up 22.1%, ClearSign Combustion ( CLIR), up 17.3%, Rambus ( RMBS), up 12.3% and Trunkbow International Holdings ( TBOW), up 11.8%.

NVIDIA Corporation, a visual computing company, develops graphics chips for use in personal computers (PC), mobile devices, and supercomputers. The company operates through two segments, GPU and Tegra Processors. NVIDIA Corporation has a market cap of $8.8 billion and is part of the electronics industry. The company has a P/E ratio of 20.1, above the S&P 500 P/E ratio of 17.7. Shares are up 24.0% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate NVIDIA Corporation a buy, 3 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates NVIDIA Corporation as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the negative front, OCZ Technology Group ( OCZ), down 29.6%, eOn Communications Corporation ( EONC), down 13.2%, China Finance Online ( JRJC), down 9.5% and Zoom Technologies ( ZOOM), down 8.2% , were all laggards within the technology sector with Nokia Oyj ( NOK) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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