The Santa Clara, California-based NVIDIA Corporation (NASDAQ:NVDA) anticipated sales in the third-quarter that surpassed analysts’ forecasts, on strong demand for processors used in tablet gadgets coming to market in the present three months period.
NVIDIA Corporation reported in a statement on Thursday that revenue for the three months period finishing in October would be $1.15 billion to $1.25 billion. Bloomberg compiled data confirms that analysts on average had forecasted $1.09 billion.
Nvidia has got orders from Google Inc (NASDAQ:GOOG) and Microsoft Corporation (NASDAQ:MSFT) which are approaching into the tablet market with their own gadgets.
Nvidia CEO Jen-Hsun Huang in the statement on Thursday that Tegra has achieved record sales as tablets come into their own.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Advanced Micro Devices, Inc (NYSE:AMD) fell -0.68% to settle at $4.37, Texas Instruments Incorporated (NASDAQ:TXN) moved up +0.61% to end at $29.54 while Intel Corporation (NASDAQ:INTC) jumped +0.38% to finish on Thursday at $26.70.
NVIDIA Corporation (NASDAQ:NVDA) on Aug 09, 2012 increased +3.37% to the closing price of $14.71. The overall volume in the last trading session was 20.56 million shares. Its fifty two week range was $11.47-$16.90. The total market capitalization remained $9.10 billion.
NVDA is ahead its 52 week low with +28.25% and lagging behind from its 52 week high price with -12.96%. NVDA last month stock price volatility remained 3.41%. In its share capital NVDA has 618.80 million outstanding shares among them 591.94 million shares have been floated in market exchange. NVDA stock institutional ownership remained 70.44% while insider ownership included 0.27%.
The stock price of NVDA is moving forward from its 20 days moving average with +11.30% and remote positively from 50 days moving average with +13.82%. NVDA current year earnings per share experienced an addition with +119.24% while its current quarter performance remained +18.44%. Company’s beta coefficient included 1.60. Beta factors measures the amount of market risk associated with market trade.
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