News coverage about Ambarella (NASDAQ:AMBA) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ambarella earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 46.0795929091741 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Ambarella traded down $0.11, reaching $37.98, during trading on Wednesday, MarketBeat.com reports. The stock had a trading volume of 525,639 shares, compared to its average volume of 1,727,656. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 69.05 and a beta of 1.28. Ambarella has a 52 week low of $37.17 and a 52 week high of $66.23.
Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Tuesday, June 5th. The semiconductor company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $56.90 million for the quarter, compared to analyst estimates of $56.13 million. Ambarella had a return on equity of 1.42% and a net margin of 2.18%. The company’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 earnings per share. analysts expect that Ambarella will post -0.43 earnings per share for the current fiscal year.
Several research analysts have weighed in on the company. BidaskClub lowered Ambarella from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. Dougherty & Co reduced their target price on Ambarella from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, June 6th. Zacks Investment Research upgraded Ambarella from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. ValuEngine lowered Ambarella from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, UBS Group lowered Ambarella to a “market perform” rating in a report on Wednesday, June 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $56.95.
In other news, VP Christopher Day sold 3,300 shares of the business’s stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $43.77, for a total value of $144,441.00. Following the sale, the vice president now directly owns 24,041 shares in the company, valued at $1,052,274.57. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO George Laplante sold 2,786 shares of the business’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $43.27, for a total value of $120,550.22. Following the completion of the sale, the chief financial officer now owns 105,850 shares in the company, valued at $4,580,129.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,657 shares of company stock worth $897,714. Corporate insiders own 5.84% of the company’s stock.
Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
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