Ambarella (AMBA) Receiving Positive Press Coverage, Study Shows
Headlines about Ambarella (NASDAQ:AMBA) have been trending positive on Saturday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ambarella earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 45.5458920258754 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- Ambarella, Inc. (AMBA) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- ETFs with exposure to Ambarella, Inc. : August 11, 2017 (finance.yahoo.com)
- Stock Performance Review on Semiconductor Industry — Applied Materials, Ambarella, ASML Holding, and Brooks Automation (markets.businessinsider.com)
- Stock Moving Towards 52-Week Low Ambarella, Inc. (NASDAQ:AMBA) – Sparta Review (spartareview.com)
- Eagle Asset Management Inc Bought A Lot More Ambarella, Inc. – Ordinary Shar (AMBA) Stock In The Last Quarter (highlightpress.com)
AMBA has been the subject of several research reports. Zacks Investment Research raised Ambarella from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Vetr cut Ambarella from a “strong-buy” rating to a “buy” rating and set a $62.50 target price for the company. in a research note on Monday, May 1st. Canaccord Genuity reaffirmed a “buy” rating and set a $72.00 target price on shares of Ambarella in a research note on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $64.00 target price (down previously from $65.00) on shares of Ambarella in a research note on Thursday, June 1st. Finally, Deutsche Bank AG decreased their target price on Ambarella from $55.00 to $54.00 and set a “hold” rating for the company in a research note on Friday, June 9th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Ambarella currently has an average rating of “Buy” and a consensus price target of $67.88.
Ambarella (NASDAQ:AMBA) traded up 0.34% during trading on Friday, hitting $50.70. The company had a trading volume of 395,239 shares. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 29.96 and a beta of 1.61. Ambarella has a 12-month low of $46.80 and a 12-month high of $74.95. The firm has a 50-day moving average of $50.30 and a 200 day moving average of $54.12.
Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Tuesday, June 6th. The semiconductor company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Ambarella had a return on equity of 13.70% and a net margin of 18.47%. The business had revenue of $64.10 million during the quarter, compared to analysts’ expectations of $63.54 million. During the same period in the previous year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that Ambarella will post $2.07 earnings per share for the current year.
Ambarella declared that its board has initiated a share repurchase plan on Tuesday, June 6th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the semiconductor company to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
In other Ambarella news, CFO George Laplante sold 4,836 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $48.77, for a total value of $235,851.72. Following the completion of the transaction, the chief financial officer now directly owns 100,848 shares of the company’s stock, valued at $4,918,356.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Feng-Ming Wang sold 11,628 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $48.77, for a total value of $567,097.56. Following the completion of the transaction, the chief executive officer now directly owns 290,691 shares of the company’s stock, valued at $14,177,000.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,963 shares of company stock valued at $1,168,676. Insiders own 5.80% of the company’s stock.
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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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