balcobulls (32.07)

PRICE TARGET CHANGES: FRIEDMAN, BILLINGS & RAMSEY

February 14, 2012 – Comments (0) | RELATED TICKERS: NVDA , ARMH , QCOM

Old target price was $17.00, new price is now listed at $20.00 for 12 months.  This price target is critical due to the pain semiconductors encountered last year.  This shows the sector will be moving up together.  By 2013 Nvidia is looking to power Windows Phone handsets using their Tegra/Icera combo "Grey" chipset.  (http://www.wpcentral.com/nvidia-tegra-chipsets-finally-coming-windows-phone-2013) 

This will be Nvida's best chance to jump into the mobile industry at full speed.  If all works perfectly, marketshare will be crumbling from other chip makers right into Nvida's pockets.  Price target will be way past $20 if Windows Phones carry Nvida's Tegra.