Favorable News Coverage Somewhat Likely to Affect Ambarella (AMBA) Stock Price

News stories about Ambarella (NASDAQ:AMBA) have trended positive on Friday, Alpha One Sentiment Analysis reports. Alpha One, a unit of Accern, identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ambarella earned a daily sentiment score of 0.32 on Alpha One’s scale. Alpha One also assigned media stories about the semiconductor company an impact score of 62 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have effected AlphaOne Sentiment’s analysis:

Insider Buying and Selling by Quarter for Ambarella (NASDAQ:AMBA)

Ambarella (NASDAQ:AMBA) traded down 0.20% during mid-day trading on Friday, hitting $48.82. 1,218,555 shares of the stock were exchanged. Ambarella has a 52 week low of $46.80 and a 52 week high of $74.95. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 28.85 and a beta of 1.59. The company’s 50-day moving average price is $58.07 and its 200 day moving average price is $55.25.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Tuesday, June 6th. The semiconductor company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $64.10 million for the quarter, compared to the consensus estimate of $63.54 million. Ambarella had a net margin of 4.00% and a return on equity of 2.24%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. Equities research analysts expect that Ambarella will post $2.07 EPS for the current year.

A number of research analysts recently commented on AMBA shares. Stifel Nicolaus reduced their target price on Ambarella from $84.00 to $82.00 and set a “buy” rating on the stock in a research note on Tuesday, February 21st. Vetr cut Ambarella from a “strong-buy” rating to a “buy” rating and set a $63.37 target price on the stock. in a research note on Tuesday, February 21st. Zacks Investment Research cut Ambarella from a “hold” rating to a “sell” rating in a research note on Wednesday, February 22nd. Morgan Stanley reduced their price objective on Ambarella from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 1st. Finally, Dougherty & Co raised Ambarella from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $67.88.

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In related news, VP Christopher Day sold 2,109 shares of the company’s stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $55.50, for a total transaction of $117,049.50. Following the transaction, the vice president now directly owns 19,960 shares in the company, valued at approximately $1,107,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.80% of the company’s stock.

About Ambarella

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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