Media coverage about Ambarella (NASDAQ:AMBA) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ambarella earned a news impact score of 0.19 on Accern’s scale. Accern also gave media headlines 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 stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Notable Stocks Under Consideration: Ambarella, Inc., (NASDAQ: AMBA), TAL Education Group, (NYSE: TAL); (tradingnewsnow.com)
- Force Protection Video Equipment Release New Product Catalog (finance.yahoo.com)
- Where Ambarella, Inc. (AMBA) stock is Headed Exactly? (thestocksnews.com)
- Technical and Valuation Says it All: Ambarella Inc (AMBA) and Fortuna Silver Mines (FSM) (postregistrar.com)
- Ambarella Goes Stereoscopic ADAS (eetindia.co.in)
Shares of AMBA stock traded down $0.99 during mid-day trading on Thursday, hitting $48.99. The company had a trading volume of 1,510,276 shares, compared to its average volume of 1,043,806. The company has a market capitalization of $1,644.01, a PE ratio of 89.07, a price-to-earnings-growth ratio of 14.87 and a beta of 1.53. Ambarella has a 52-week low of $40.06 and a 52-week high of $66.23.
A number of equities research analysts have issued reports on the stock. Oppenheimer reissued a “hold” rating on shares of Ambarella in a report on Friday, December 1st. Zacks Investment Research cut shares of Ambarella from a “hold” rating to a “sell” rating in a research report on Thursday, March 8th. BidaskClub raised shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Needham & Company LLC reissued a “hold” rating on shares of Ambarella in a research report on Friday, December 1st. Finally, Vetr raised shares of Ambarella from a “hold” rating to a “buy” rating and set a $61.51 target price for the company in a report on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $60.83.
In other news, VP Yun-Lung Chen sold 4,435 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $59.80, for a total value of $265,213.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher Day sold 1,012 shares of the stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $53.07, for a total transaction of $53,706.84. The disclosure for this sale can be found here. Insiders have sold 18,317 shares of company stock worth $1,003,731 in the last quarter. Company insiders own 5.80% of the company’s stock.
Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
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