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Ambarella, Inc. (AMBA) develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide.
The companys 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. Its solutions enable the creation of video content for wearable sports cameras, automotive aftermarket cameras, and professional and consumer Internet Protocol (IP) security cameras, as well as cameras incorporated into unmanned aerial vehicles in the camera market; and manage IP video traffic, broadcast encoding and transcoding, and IP video delivery applications in the infrastructure market.
The company sells its solutions to original design manufacturers and original equipment manufacturers through its direct sales force and logistics providers.
Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. Note that shares are trading 5.7% lower in the pre-market along with the rest of the market after Brexit vote. We expect stock to recover from the sell-off.
52-Weeks Trading Range: $33.39 - $129.19
Entry Point: $49.20
Stop Loss: $46.70
Target Price: $54.12
AMBA closed at $55.52
