Headlines about Ambarella (NASDAQ:AMBA) have been trending positive on Friday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ambarella earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 45.407577406722 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
- Why Nvidia Corporation Stock Has Plenty More Upside | InvestorPlace – Investorplace.com (investorplace.com)
- Ambarella, Inc. (NASDAQ: AMBA) – Important Factors to Analyse A Good Investment – Alpha Beta Stock (alphabetastock.com)
- Why Ambarella, Inc. Stock Jumped 15.2% in October – Motley Fool (fool.com)
- Odey Holdings AG Buys JPMorgan Chase, Bank of America Corporation, TripAdvisor Inc, Sells … (nasdaq.com)
AMBA has been the topic of a number of recent analyst reports. ValuEngine upgraded Ambarella from a “sell” rating to a “hold” rating in a report on Friday, September 8th. Dougherty & Co reduced their target price on Ambarella from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, September 1st. Morgan Stanley restated an “overweight” rating and set a $60.00 target price on shares of Ambarella in a report on Wednesday, September 27th. Deutsche Bank AG restated a “hold” rating and set a $49.00 target price (down previously from $54.00) on shares of Ambarella in a report on Friday, September 1st. Finally, Roth Capital restated a “buy” rating and set a $65.00 target price on shares of Ambarella in a report on Thursday, August 31st. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $58.86.
Ambarella (NASDAQ AMBA) opened at $54.30 on Friday. Ambarella has a 1-year low of $40.06 and a 1-year high of $65.78. The firm has a market capitalization of $1,800.00, a PE ratio of 35.28, a PEG ratio of 5.79 and a beta of 1.59.
Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Ambarella had a return on equity of 11.94% and a net margin of 16.45%. The business had revenue of $71.63 million for the quarter, compared to analysts’ expectations of $70.79 million. During the same quarter in the previous year, the business posted $0.54 EPS. Ambarella’s revenue for the quarter was up 10.0% on a year-over-year basis. equities analysts expect that Ambarella will post 0.64 earnings per share for the current year.
In related news, VP Christopher Day sold 2,618 shares of Ambarella stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $49.15, for a total value of $128,674.70. Following the sale, the vice president now owns 20,377 shares of the company’s stock, valued at approximately $1,001,529.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Feng-Ming Wang sold 11,629 shares of Ambarella stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $46.50, for a total value of $540,748.50. The disclosure for this sale can be found here. In the last three months, insiders sold 27,835 shares of company stock worth $1,301,265. 5.80% of the stock is owned by insiders.
Ambarella Company Profile
Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.
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