Nvidia Loses Key Customers and Contracts

Nvidia Corporation’s (NASDAQ:NVDA) stock rebounded after a morning tumble.

The company’s third quarter fiscal 2011 report focused on its Tegra mobile processor chips, which are sold for use in tablets and smartphones. In Thursday’s analyst conference call, Nividia’s CEO Jen-Hsun said the company missed out on an Amazon.com (NASDAQ:AMZN) tablet contract.

Analysts responded with a repeated Strong Buy rating by Raymond James, noting their happiness with Tegra 3 chips design wins while MKM Partners gave the stock a Neutral rating, citing Nvidia’s loss of Motorola (NYSE:MMI) as a customer and Amazon’s decision to not go with the company for the Kindle Fire and instead, choosing Texas Instruments Inc. (NYSE:TXN).

Here’s how these stocks are trading now:

  • NVIDIA Corporation (NASDAQ:NVDA): The shares recently traded at $14.98, up $0.51, or 3.52%. Its market capitalization is $9.04 billion. They have traded in a 52-week range of $11.47 to $26.17. Volume today was 43,616,838 shares versus a 3-month average volume of 21,038,600 shares. The company’s trailing P/E is 16.72, while trailing earnings are $0.90 per share. About the company: NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software. The Company’s products provide interactive 3D graphics to the mainstream personal computer market. Get the most recent company news and stock data here >>
  • Amazon.com Inc. (NASDAQ:AMZN): The shares recently traded at $217.39, up $6.6, or 3.13%. Its market capitalization is $98.86 billion. They have traded in a 52-week range of $156.77 to $246.71. Volume today was 5,132,196 shares versus a 3-month average volume of 6,688,830 shares. The company’s trailing P/E is 114.60, while trailing earnings are $1.90 per share. About the company: Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company’s products include books, music, videotapes, computers, electronics, home and garden, and numerous other products. Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers. Get the most recent company news and stock data here >>
  • Motorola, Inc. (NYSE:MMI): The shares recently traded at $39.05, down $0.05, or 0.13%. Its market capitalization is $11.69 billion. They have traded in a 52-week range of $20.77 to $39.20. Volume today was 3,829,112 shares versus a 3-month average volume of 8,384,320 shares. The company’s trailing earnings are $-0.30 per share. About the company: Motorola Mobility Holdings Inc. provides advanced mobile media solutions and multi-screen technologies. The Company develops products that include consumer mobile phones, business-ready smartphones accessories, cordless phones, and home networking products. Get the most recent company news and stock data here >>
  • Texas Instruments Inc. (NYSE:TXN): The shares recently traded at $31.50, up $0.88, or 2.87%. Its market capitalization is $35.99 billion. They have traded in a 52-week range of $24.34 to $36.71. Volume today was 7,247,391 shares versus a 3-month average volume of 13,574,100 shares. The company’s trailing P/E is 13.12, while trailing earnings are $2.40 per share. The company pays a dividend of $0.68 per share for a dividend yield of 2.20%. About the company: Texas Instruments Incorporated is a global semiconductor company that designs and supplies analog technologies, digital signal processing (DSP) and microcontroller (MCU) semiconductors. The Company also operates materials and controls, and educational and productivity solutions businesses. Texas Instruments has manufacturing or sales operations in countries around the world. Get the most recent company news and stock data here >>

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