Nvidia eyes mobile growth

Article Excerpt

NVIDIA CORP. $18 (Nasdaq symbol NVDA; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 595.1 million; Market cap: $10.7 billion; Price-to-sales ratio: 3.1; No dividends paid; TSINetwork Rating: Average; www.nvidia.com) is buying privately held Icera, which designs energy-efficient chips for cellphones. These chips nicely complement Nvidia’s new Tegra chips, which greatly enhance displays on mobile devices. To put the $367-million purchase price in context, Nvidia earned $165.7 million, or $0.27 a share, in its latest quarter. Nvidia is a buy. buy…