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Ambarella (AMBA) develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display.
The companys system-on-a-chip designs fully integrate 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, Internet protocol (IP) security cameras, digital still cameras, telepresence cameras, and camcorders in the camera market; and manage IP video traffic, broadcast encoding, and IP video delivery applications in the infrastructure market.
The company sells its solutions to original design manufacturers and original equipment manufacturers directly or through logistics providers. Shares are heading higher in an upward trading channel. Presently, shares are the at the lower boundary of the said channel. Higher prices are expected for this stock.
52-Week Trading Range: $5.55 - $17.90
Entry Point: $15.60
Stop Loss: $14.80
Target Price: $17.20
AMBA reported strong quarterly results. Shares have gapped up and we closed the position at $17.60. If you elect to stay in AMBA, raise your stop loss to $16.75 to protect your profits.
