Nvidia Stock: Leader of $500 Billion Market?

Nvidia stock is making moves today after bullish comments from Evercore ISI analyst C.J. Muse. Muse said that despite a stellar performance in 2020 he believes that semiconductor stocks are entering an uptrend cycle based on several catalysts like 5G smartphones, AI and machine learning. The analyst estimates that semiconductor industry revenues will grow by 14% in 2021 to reach $500 billion.

For Nvidia , the analyst increased his price target to $675 from $600, reiterating his outperform rating. Muse said that Nvidia is a market leader with top secular growth catalysts, including gaming and autonomous driving.

Over the current book year the company from Santa Clara's total revenue could be around 16,49 billion USD (consensus estimates). This is quite more than 2019's revenue of 10,92 billion USD.

Historical revenues and results Nvidia plus estimates 2020

aandeel Nvidia

The analysts expect for 2020 a net profit of 6,1 billion USD. According to most of the analysts the company will have a profit per share for this book year of 9,72 USD. The PE-ratio therefore is a significant 54,5.

Per share the analysts are expecting a dividend of 65 cents per share. Thus the dividend yield equals 0,12 percent. The average dividend yield of the hardware & equipment companies equals a low 0,29 percent.

Nvidia 's market capitalization is around 321 billion USD. The Nvidia stock was the past 12 months quite unstable. Since last December the stock is even 131 percent higher. This year the stock price moved between 181 and 589 dollar.

Historical stock prices Nvidia period 2007-2020

equity research nvidia

Click here for dividend Nvidia. On Wednesday the stock closed at 529,7 USD.

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