|Bid||107.04 x 1000|
|Ask||107.78 x 1200|
|Day's Range||106.59 - 109.14|
|52 Week Range||67.68 - 112.17|
|Beta (5Y Monthly)||0.99|
|PE Ratio (TTM)||42.04|
|Earnings Date||Oct 21, 2020 - Oct 26, 2020|
|Forward Dividend & Yield||1.52 (1.40%)|
|Ex-Dividend Date||Aug 12, 2020|
|1y Target Est||109.36|
The best 5G stocks to invest in will change over time. The consumer smartphone market will evolve into broader 5G wireless enterprise opportunities.
NVIDIA Corporation (NASDAQ: NVDA) shares have rallied strongly this year, thanks to its product momentum and opportunities created by the coronavirus pandemic. Amid rumors that Nvidia might be eyeing U.K.-based chipset maker Arm Holdings, an analyst said a potential acquisition of Xilinx, Inc. (NASDAQ: XLNX) makes better sense for the graphics chipmaker.Complementary Businesses: Arm is a licensing business and not a solutions business, Cascend Chief Investment Strategist Eric Ross said in a note.Since Xilinx supplies different portions of the solutions in key areas such as data center, AI and NIC, video/broadcasting and automotive, Nvidia customers would buy from the company, the analyst said.A Xilinx acquisition would help Nvidia diversify into areas -- such as defense, aerospace, communications and industrial -- where it doesn't have much exposure as of now, he said.This would provide the company with a long tail of customers, he said. "And bringing XLNX's architecture onto the CUDA development platform could dramatically enhance XLNX's attractiveness to developers."Valuation Makes Sense: With a 25% premium from Xilinx's valuation, it would cost Nvidia $32.25 billion to buy Xilinx, Ross said.Buying Xilinx at a 25% premium would be immediately slightly accretive from a valuation standpoint, the analyst said.Even after a Xilinx purchase, Nvidia will have enough cash to buy Arm, he said. Nvidia's valuation will become even more compelling if it pursues a 3-to-1 stock split along with a Xilinx buy, Ross said.A positive stock reaction to the split will help offset the dilution in stock price triggered by a potential Xilinx buy, the analyst said. Related Links:Nvidia Analysts See Multibillion-Dollar Opportunity In Automated Driving Deal With Mercedes-Benz Why BofA Recommends Buying GPU Plays AMD and Nvidia Photo courtesy of Nvidia. Latest Ratings for NVDA DateFirmActionFromTo Jul 2020BarclaysMaintainsOverweight Jul 2020RosenblattMaintainsBuy Jul 2020B of A SecuritiesMaintainsBuy View More Analyst Ratings for NVDA View the Latest Analyst Ratings See more from Benzinga * AMD Analysts Bet On Continuing Momentum Amid Tailwinds, Execution, Intel Missteps * Intel Analysts See End Of 'Computing Dominance' Amid 7nm Node Delay, Competitive Threat(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
These niche ETFs invest in targeted areas, like cloud computing, genomics, or the Internet of Things. And they tend to look very different from their sector ETF counterparts. That’s a huge benefit—until it’s not.