Press coverage about Ambarella (NASDAQ:AMBA) has trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. 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 news impact score of 0.23 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 45.1706775472209 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Critical Contrast: Microsemi (MSCC) vs. Ambarella (AMBA) (americanbankingnews.com)
- Worth Watching Stocks: Ambarella, Inc. (NASDAQ:AMBA), Collegium Pharmaceutical, Inc. (NASDAQ:COLL) – The Oracle Examiner (oracleexaminer.com)
- $70.41 Million in Sales Expected for Ambarella Inc (AMBA) This Quarter (americanbankingnews.com)
- Analysts Expect Ambarella Inc (AMBA) Will Announce Earnings of $0.37 Per Share (americanbankingnews.com)
- Ambarella Inc (AMBA) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
AMBA has been the subject of several recent research reports. Oppenheimer raised shares of Ambarella from a “market perform” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Wednesday, January 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $62.00 price objective (up previously from $52.00) on shares of Ambarella in a research note on Wednesday, November 22nd. Vetr raised shares of Ambarella from a “hold” rating to a “buy” rating and set a $61.51 price objective for the company in a research note on Tuesday, December 5th. Canaccord Genuity reissued a “buy” rating and issued a $65.00 price objective (up previously from $58.00) on shares of Ambarella in a research note on Friday, October 13th. Finally, BidaskClub raised shares of Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. Ambarella has a consensus rating of “Hold” and an average target price of $60.14.
Ambarella (NASDAQ:AMBA) last issued its earnings results on Thursday, November 30th. The semiconductor company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The firm had revenue of $89.06 million for the quarter, compared to analysts’ expectations of $89.41 million. Ambarella had a net margin of 11.51% and a return on equity of 7.87%. The firm’s revenue was down 11.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 earnings per share. sell-side analysts predict that Ambarella will post 0.7 EPS for the current fiscal year.
In related news, VP Yun-Lung Chen sold 11,340 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $59.80, for a total value of $678,132.00. Following the sale, the vice president now owns 11,386 shares of the company’s stock, valued at $680,882.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Feng-Ming Wang sold 8,851 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $57.69, for a total transaction of $510,614.19. Following the completion of the sale, the chief executive officer now directly owns 293,267 shares in the company, valued at approximately $16,918,573.23. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,553 shares of company stock worth $2,145,108. 5.80% of the stock is owned by corporate insiders.
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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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