News stories about Ambarella (NASDAQ:AMBA) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ambarella earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 45.9293162358548 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Ambarella (NASDAQ AMBA) traded up 2.47% during trading on Friday, hitting $46.96. 1,079,615 shares of the company traded hands. Ambarella has a 12-month low of $40.06 and a 12-month high of $74.95. The stock has a 50 day moving average price of $49.30 and a 200 day moving average price of $53.07. The company has a market capitalization of $1.56 billion, a P/E ratio of 30.67 and a beta of 1.60.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. The business had revenue of $71.63 million during the quarter, compared to analyst estimates of $70.79 million. Ambarella had a return on equity of 11.94% and a net margin of 16.45%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 EPS. On average, equities analysts anticipate that Ambarella will post $1.89 earnings per share for the current year.

Ambarella declared that its board has authorized a share buyback plan on Tuesday, June 6th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the semiconductor company to buy up to 2.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $52.00 price objective on shares of Ambarella in a research report on Saturday. ValuEngine raised shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Morgan Stanley reissued an “overweight” rating and issued a $60.00 price objective on shares of Ambarella in a research report on Thursday, September 7th. Zacks Investment Research lowered shares of Ambarella from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th. Finally, Canaccord Genuity dropped their price objective on shares of Ambarella from $72.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $58.23.

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In other Ambarella news, insider Leslie Kohn sold 6,467 shares of Ambarella stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $46.50, for a total transaction of $300,715.50. Following the completion of the transaction, the insider now owns 907,645 shares of the company’s stock, valued at approximately $42,205,492.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher Day sold 1,529 shares of Ambarella stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $46.50, for a total value of $71,098.50. The disclosure for this sale can be found here. Insiders have sold a total of 25,217 shares of company stock valued at $1,172,591 in the last ninety days. 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.

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

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