FBR Capital Markets Maintains NVIDIA Market Perform, $19 PT

FBR Capital Markets maintained its NVIDIA NVDA Market Perform rating and $19 price target in a research report published today. In the report, FBR Capital Markets states, "Regarding shares, we find NVDA more attractive in the $12 range, where risk/reward is more favorable. Indeed, the market sell-off has presented many long opportunities in chip firms with more predictable future earnings streams—like MXIM or ATML—that are trading at similar 10x P/E multiples." Shares of NVIDIA were trading at $13.08 at the time of posting, down 2.47% from Thursday's market close.