News coverage about Ambarella (NASDAQ:AMBA) has trended somewhat positive recently, according to AlphaOne Sentiment Analysis. The research group, a subsidiary of Accern, identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ambarella earned a news impact score of 0.10 on AlphaOne’s scale. AlphaOne also assigned media coverage about the semiconductor company an impact score of 82 out of 100, indicating that recent news coverage is very likely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted AlphaOne Sentiment Analysis’s rankings:
- Ambarella Inc (AMBA) Stock Is a Lost Cause in Moore’s World (investorplace.com)
- Ambarella Inc (AMBA) Earns “Buy” Rating from Stifel Nicolaus (americanbankingnews.com)
- Ambarella beats on top line – Presented by: The Aol. On Network (nasdaq.com)
- Ambarella Inc. (AMBA) Is Losing Ground On Weak Forecast (rttnews.com)
Shares of Ambarella (AMBA) traded down 10.5852% during midday trading on Wednesday, reaching $53.3985. 4,180,328 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $58.73 and a 200 day moving average price of $55.80. Ambarella has a 12 month low of $46.80 and a 12 month high of $74.95. The firm has a market cap of $1.79 billion, a PE ratio of 31.7848 and a beta of 1.51. Ambarella also was the recipient of some unusual options trading activity on Tuesday. Stock investors purchased 10,622 put options on the stock. This represents an increase of 603% compared to the typical daily volume of 1,510 put options.
Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Tuesday, June 6th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $64.10 million for the quarter, compared to analyst estimates of $63.54 million. Ambarella had a net margin of 15.32% and a return on equity of 13.28%. Ambarella’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. Equities research analysts predict that Ambarella will post $2.18 earnings per share for the current year.
Several equities analysts have recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and issued a $64.00 price objective (down previously from $65.00) on shares of Ambarella in a report on Wednesday. Morgan Stanley decreased their price objective on Ambarella from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, March 1st. Needham & Company LLC restated a “hold” rating on shares of Ambarella in a report on Wednesday, March 1st. Canaccord Genuity restated a “buy” rating and issued a $72.00 price objective on shares of Ambarella in a report on Wednesday. Finally, Vetr cut Ambarella from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 31st. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Ambarella has an average rating of “Buy” and an average price target of $68.79.
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In other Ambarella news, VP Christopher Day sold 1,071 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $55.50, for a total transaction of $59,440.50. Following the sale, the vice president now directly owns 22,095 shares in the company, valued at $1,226,272.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leslie Kohn sold 3,662 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $56.19, for a total transaction of $205,767.78. Following the sale, the insider now owns 899,104 shares in the company, valued at $50,520,653.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,232 shares of company stock worth $1,078,452. 5.43% of the stock is owned by insiders.
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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