Ambarella (AMBA) Receives News Sentiment Score of 0.21
Media coverage about Ambarella (NASDAQ:AMBA) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ambarella earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.9580165352905 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s analysis:
- Active Stocks on Watch: Ambarella Inc (AMBA) and Conagra Brands Inc (CAG) – Sparta Review (spartareview.com)
- From ADI To AMD, Morgan Stanley Breaks Down Semiconductors – Benzinga (benzinga.com)
- Tenkan Sen Signals Positive Momentum For Ambarella Inc (AMBA) – Evergreen Caller (evergreencaller.com)
- Ambarella (AMBA) to Report Q2 Earnings: A Miss in Store? – Nasdaq (nasdaq.com)
Ambarella (NASDAQ:AMBA) traded up 0.59% during trading on Wednesday, reaching $54.55. 186,675 shares of the company were exchanged. The firm’s 50 day moving average price is $50.97 and its 200-day moving average price is $54.18. Ambarella has a one year low of $46.80 and a one year high of $74.95. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 32.24 and a beta of 1.61.
Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Tuesday, June 6th. The semiconductor company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $63.54 million. Ambarella had a return on equity of 13.70% and a net margin of 18.47%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS. On average, equities research analysts predict that Ambarella will post $2.07 earnings per share for the current year.
Ambarella announced that its board has authorized a share repurchase program on Tuesday, June 6th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
A number of research firms recently weighed in on AMBA. Deutsche Bank AG decreased their target price on shares of Ambarella from $55.00 to $54.00 and set a “hold” rating for the company in a research report on Friday, June 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $64.00 price target (down previously from $65.00) on shares of Ambarella in a research note on Thursday, June 1st. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Ambarella in a research note on Friday, June 9th. Zacks Investment Research cut shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $72.00 price target on shares of Ambarella in a research note on Wednesday, June 7th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Ambarella currently has an average rating of “Buy” and a consensus target price of $67.88.
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In other Ambarella news, CEO Feng-Ming Wang sold 11,628 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $48.77, for a total transaction of $567,097.56. Following the sale, the chief executive officer now owns 290,691 shares in the company, valued at approximately $14,177,000.07. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Leslie Kohn sold 5,973 shares of the stock in a transaction on Friday, June 16th. The shares were sold at an average price of $48.77, for a total value of $291,303.21. Following the sale, the insider now owns 904,530 shares in the company, valued at approximately $44,113,928.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,963 shares of company stock worth $1,168,676. Insiders own 5.80% of the company’s stock.
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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