Topic: Growth Stocks

NVIDIA CORP. $19 – Nasdaq symbol NVDA

NVIDIA CORP. $19 (Nasdaq symbol NVDA; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 568.5 million; Market cap: $10.8 billion; Priceto- sales ratio: 2.8; Dividend yield: 1.8%; TSINetwork Rating: Average; www.nvidia.com) earned $588.4 million in its 2014 fiscal year, which ended January 26, 2014. That’s down 19.2% from $728.4 million in fiscal 2013. Earnings per share fell 15.4%, to $0.99 from $1.17, on fewer shares outstanding.

Revenue declined 3.5%, to $4.1 billion from $4.3 billion. Weak demand for entry-level computers continues to hurt sales of Nvidia’s graphic chips, but sales of high-end desktops and servers remain strong. Sales of its Tegra chips for mobile devices also slowed, particularly in the first half of the year, as customers waited for the company to launch a new version.

Nvidia is a hold.

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