|Bid||135.37 x 800|
|Ask||135.28 x 900|
|Day's Range||134.58 - 137.87|
|52 Week Range||82.61 - 137.92|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||96.63|
|Earnings Date||Feb 02, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||138.65|
Back from the dead? That's what it feels like with Nvidia (NASDAQ:NVDA), as shares have erupted over the past few months and quarters. It's no secret that chip and semiconductor stocks are back in favor, but the resurgence in Nvidia stock is even more impressive given how hard it was hit.Source: Hairem / Shutterstock.com Coming into the fourth quarter of 2018, Nvidia stock was riding high. Investors had enjoyed a multi-year run in the stock that had returned roughly ten-fold on their early investment. The stock peaked at just over $290 per share, but then began to slip.The top came on Oct. 2. Because crypto-mining had inflated the company's top- and bottom-lines and those buyers suddenly vanished, it sent Nvidia into a tumultuous fall.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The Top 5 Dow Jones Stocks to Buy for 2020 Nvidia stock was going to get hit hard regardless during this time, as the S&P 500 and Nasdaq endured peak-to-trough declines of ~20% in less than three months. But Nvidia management had perhaps the worst timing possible to announce this negative crypto-related news. Shares ultimately fell more than 50% in just a few months.Is that all over now? Let's look at three reasons Nvidia may be back. GrowthPerhaps Nvidia's largest catalyst for a robust 2020 is a return to growth. The company has reported the first three quarters of fiscal 2020 already, with the last report likely due up in about a month.If the results are in-line, the company will report a ~8% decline in full-year sales and a ~16% decline in annual earnings. These figures are bad -- especially for a stock that's rallied 48% over the past six months -- and cap off a very disappointing 2019. But investors are unlikely to focus on the Q4 results, and instead focus on what's ahead.That's as consensus expectations call for a 19.1% rebound in growth and for earnings to grow 30.2% in fiscal 2021. It's obviously impossible to say whether Nvidia will beat or fall short of these estimates, but if management can deliver, it will represent record figures for both metics. Nvidia will officially be "back" if that's the case.As for looking beyond calendar 2020, there's no telling what roadblocks may lie in the way. All I can say is that, Nvidia is positioned in various secular growth trends and its products are literally the backbone to many of the services, automations and technologies that companies are and will continue to rely on in the future. Mellanox DealIn March, Nvidia announced it will acquire Mellanox for $125 per share in a $6.9 billion deal. In December, Nvidia received approval from the EU. China was the obvious worry when it came to approval, given that its silent treatment on Qualcomm (NASDAQ:QCOM) and NXP Semi (NASDAQ:NXPI) caused that deal to fall through.With the phase one trade deal now signed though, the hope by many is that Chinese regulators will be willing to play ball and sign off on the deal. Nvidia has recently said it expects the deal to close in early 2020.Why does this deal matter? Nvidia has said it expects the deal to be accretive to gross margins, earnings and free cash flow immediately after closing. That would help give a nice boost to an already improving situation. It will also be one more catalyst to take Nvidia stock higher. Nvidia Stock Chart Click to Enlarge Source: Chart courtesy of StockCharts.comIs Nvidia stock stretched? Well, let's just say that it's not exactly flying under the radar. The stock is up about $100 per share, or almost 70% from the August lows. Given that run, I wouldn't be surprised to see the stock hit "pause" at some point this year.That said, it's hard to bet against such a strong trend. After plunging below $190 in 2018, the stock tried several times to breakout over this level in 2019. It finally did so in October, while also reclaiming the 100-week moving average. The latter became support as Nvidia stock continued to grind higher.For now, the 10-week moving average continues to act as support, while the stock flirts with a breakout over $250. Ideally, we would get a pullback to uptrend support (blue line) and the 10-week moving average first. That way the stock can unwind some of its overbought condition and investors will get a chance to buy the dip.There are plenty of analysts getting bullish on the stock as well, with the latest calls ranging between $275 and $300 (shown via a blue box on the chart). In the past week, Nvidia stock has received a $300 target from four different analysts. So it's not as if just one or two bullish calls are being taken into consideration here.That doesn't mean Nvidia stock will get to $300 or that it will do so in the next month or two, but it's something to consider. As it stands right now, the technicals are another catalyst to the stock.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post 3 Reasons Nvidia Stock Could Be Set for a Monster 2020 appeared first on InvestorPlace.
BofA’s Vivek Arya named NXP Semiconductors NV (NASDAQ: NXPI) as the top pick, followed by ON Semiconductor Corp (NASDAQ: ON). Automotive semiconductors for EVs and ADAS could be among the “growth megatrends” for the next few years and seems to be currently underappreciated, Arya said in the note. Quoting Gartner again, the analyst said that growth is expected to be driven by content expansion, from $37 per vehicle in 2019 to $74 by 2022 for EVs and from $66 per vehicle in 2019 to $136 per vehicle by 2022 for ADAS.
Vivek Ada, an analyst at BofA Securities, wrote that the combination of EVs and advanced driver-assistance systems is a “key megatrend.”
Piper Sandler predicts the chip sector will thrive this year due to rising demand from the 5G infrastructure and smartphone markets. “In our view, 2020 appears to be a major recovery year for the semiconductor market,” analyst Harsh Kumar wrote on Wednesday. The analyst cites research firm (IT)’s forecast, which estimates chip industry sales will rise 12.5% this year after 2019’s 12% decline.
The demonstration of use cases by DOCOMO and Sony reflects growing adoption of NXP Semiconductors' (NXPI) UWB technology by mobile vendors for smooth connectivity.
TOKYO, Jan. 14, 2020 -- NXP Semiconductors N.V. (NASDAQ: NXPI) today announced its Ultra-Wideband (UWB) solution will be leveraged for a live mobile payment demonstration by.
EINDHOVEN, The Netherlands, Jan. 13, 2020 -- NXP Semiconductors N.V. (NASDAQ: NXPI) today announced it will release financial results for the fourth quarter and full-year 2019.
NXP (NXPI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Today we'll take a closer look at NXP Semiconductors N.V. (NASDAQ:NXPI) from a dividend investor's perspective. Owning...
LAS VEGAS, Jan. 06, 2020 -- (CES 2020) – NXP Semiconductors N.V. (NASDAQ: NXPI) today expanded its industry-leading EdgeVerse portfolio with the i.MX 8M Plus application.
NXP Semiconductors N.V. (NXPI), the world’s largest supplier of automotive semiconductors, has announced its new S32G vehicle network processors. As the latest offering from NXP’s S32 family of processors, the S32G processors enable the automotive industry shift to high performance domain-based vehicle architectures and provide reduced software complexity and enhanced security and safety.
LAS VEGAS, Jan. 06, 2020 -- NXP Semiconductors N.V. (NASDAQ: NXPI), the world’s largest supplier of automotive semiconductors, has announced a multi-gigabit Ethernet switch.
During a talk with TheStreet, NXP CTO Lars Reger went into detail about his firm's R&D; strategy for various growth markets.
China's dependency on American technology, especially in the arena of semiconductors, is set to be a major tailwind for the industry this year.
Last year's fourth quarter was a rough one for investors and many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing […]
With semiconductor stocks up more than 55% this year, the chip sector is an increasingly tough place for bargain hunters to find opportunity. But Vivek Arya, semiconductor analyst at BofA Securities, has taken up the challenge
EINDHOVEN, The Netherlands, Dec. 09, 2019 -- NXP Semiconductors N.V. (NASDAQ: NXPI) today announced it will host an open house for the investment community at the 2020 Consumer.
Infrastructure semiconductor solutions provider Marvell Technology Group Ltd. (NASDAQ: MRVL) reported in-line fiscal third-quarter earnings but guided the fourth quarter lower. Morgan Stanley analyst Joseph Moore maintained an Equal-Weight rating on Marvell but increased the price target from $20 to $24. Reflecting on the wireless connectivity deal, Craig Hettenbach maintained an Overweight rating and $121 price target.
Macroeconomic woes and decline across all its segments hurt Marvell (MRVL) fiscal Q3 results. However, continued deal wins and strong demand from enterprise and datacentre markets are positives.
NXP Semiconductors N.V. (NXPI) and Marvell (MRVL) today announced that all necessary regulatory approvals have been received for NXP’s acquisition of the wireless connectivity portfolio from Marvell. “We are pleased that the closing of this deal is upon us, and ahead of schedule,” said Rick Clemmer, NXP Chief Executive Officer. In May 2019, NXP agreed to acquire Marvell’s wireless connectivity portfolio in an all-cash, asset transaction.