Media stories about Ambarella (NASDAQ:AMBA) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ambarella earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 47.0781544464135 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Ambarella, Inc. (NASDAQ:AMBA) – Investors are Unsure How to React (Brief Analysis) – Nasdaq Journal (nasdaqjournal.com)
- Ambarella Inc (AMBA) Expected to Post Quarterly Sales of $56.23 Million (americanbankingnews.com)
- Ambarella (AMBA) Downgraded to “Sell” at Zacks Investment Research (americanbankingnews.com)
- Ambarella Breaks Above 200-Day Moving Average – Bullish for AMBA – Nasdaq (nasdaq.com)
Ambarella (AMBA) traded up $0.85 on Wednesday, hitting $53.96. 215,253 shares of the stock traded hands, compared to its average volume of 1,047,084. Ambarella has a 12-month low of $40.06 and a 12-month high of $66.23. The firm has a market capitalization of $1,780.00, a P/E ratio of 97.75, a P/E/G ratio of 16.57 and a beta of 1.53.
AMBA has been the topic of a number of research reports. Needham & Company LLC reissued a “hold” rating on shares of Ambarella in a report on Friday, December 1st. UBS Group upgraded shares of Ambarella from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 3rd. BidaskClub cut shares of Ambarella from a “sell” rating to a “strong sell” rating in a research report on Friday, January 19th. Vetr cut shares of Ambarella from a “buy” rating to a “hold” rating and set a $61.51 price target on the stock. in a research report on Thursday, December 28th. Finally, Morgan Stanley boosted their price objective on shares of Ambarella from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Ambarella presently has a consensus rating of “Hold” and an average target price of $60.83.
In related news, VP Yun-Lung Chen sold 4,435 shares of the firm’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $59.80, for a total transaction of $265,213.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Leslie Kohn sold 4,614 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $57.69, for a total value of $266,181.66. Following the sale, the insider now directly owns 906,766 shares of the company’s stock, valued at $52,311,330.54. The disclosure for this sale can be found here. Insiders have sold a total of 23,213 shares of company stock worth $1,348,516 in the last quarter. 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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