|Bid||41.37 x 900|
|Ask||41.41 x 800|
|Day's Range||41.01 - 41.72|
|52 Week Range||30.00 - 52.12|
|Beta (3Y Monthly)||1.45|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 28, 2019 - Sep 3, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||47.44|
Based on the fact that hedge funds have collectively under-performed the market for several years, it would be easy to assume that their stock picks simply aren't very good. However, our research shows this not to be the case. In fact, when it comes to their very top picks collectively, they show a strong ability […]
With some easing trade war hostilities and Wall Street cozying up to a "Fed Put," it's time to park a bit of speculative cash in three semiconductor stocks that are shaping up for so strength in the weeks and months ahead.The sky is falling shtick from May and a bit of early June gloom in the broader market have been quickly lifted courtesy of averted tariffs with Mexico and optimism that the Federal Reserve is ready to indulge bulls with "prophylactic rate cuts" if Wall Street can't find the wherewithal to right itself up on its own.Of course there are no guarantees a bearish U-turn won't rear its ugly head again. There are still the trade war negotiations with China later this month. And despite investors' conviction, any confirmation of a Fed Put is still a week out when the FOMC holds its next two-day meeting.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNevertheless, under the basic assumption that 2019's bull market has been resuscitated with the promising price action of the past few days, investors that want additional market exposure tied to these positive developments should consider semiconductor outfits with ties to autonomous vehicles. * 7 A-Rated Stocks to Buy Under $10 The three driverless stocks to buy are Nvidia (NASDAQ:NVDA), NXP Semiconductors (NASDAQ:NXPI) and Ambarella (NASDAQ:AMBA). With decent entry points on the price charts and using well-placed, human-engineered exit strategies, investors can feel more confident about driving healthier returns into their portfolios. Nvidia (NVDA) Click to EnlargeNvidia is the first of our semiconductor stocks to buy today. Straight from the horse's mouth, "NVIDIA uses the power of AI and deep learning to deliver a breakthrough end-to-end solution for autonomous driving -- from data collection, model training, and testing in simulation to the deployment of smart, safe, self-driving cars." I couldn't have said it any better myself.On the price chart, NVDA stock is looking set to zip higher. Technically, shares have formed and confirmed a two-week reversal pattern that could be the beginning of a new uptrend.This candlestick signal for going long Nvidia is backed by an oversold stochastics signal. It also enjoys key zone support from its ten-year, 50% Fibonacci cycle, 200-week simple moving average and 76% retracement level tied to the market's ubiquitous December bottom.Buy Strategy: NVDA stock is ready for purchase today. And while shares of this driverless stock can be volatile, smallish exposure of 7% also looks like enough leeway within the two-week bottoming pivot to abort the position if necessary. NXP Semiconductors (NXPI) Click to EnlargeNXP Semiconductor's claim to fame within the driverless universe is that it's the world's largest automotive chipmaker by sales and has an autonomous driving platform called BlueBox. BlueBox allows automakers to convert traditional cars into driverless vehicles with an onboard computer.Technically, shares of this driverless stock look very attractive after pulling back over the last month. NXPI stock has managed to find support at the 50% retracement level tied to its December low, as well as the share's 200-day simple moving average.With the December bottom also finding support at its life-time 50% Fibonacci level and forming a nice monthly chart up-channel in the process, along with stochastics trending higher, NXPI stock looks positioned for buying today. * 7 Dark Horse Stocks Winning the Race in 2019 Buy Strategy: Buy NXPI stock and use the low of the monthly pullback as an initial stop-loss to keep technical and dollar exposure at acceptable levels. On the upside, use this driverless stock's all-time-high and channel resistance (roughly $125 - $132) for a profit-taking target. Ambarella (AMBA) Click to EnlargeAmbarella's past reliance on chip sales to action camera outfit GoPro (NASDAQ:GPRO) was both a boon and a bust.But it's time to let bygones be bygones. Ambarella is now using its chip expertise to tackle the autonomous automobile market. The company's camera sensors and processors are being used for computer vision, driver assistance cameras, in-car cameras as well as parking assistance technology.Ambarella has its detractors. Shares do maintain short interest of around 16%. And Ambarella's latest quarterly results do suggest the company still has a long road in front of it.Nevertheless, with its computer vision (CV) technology a potential huge windfall and shares recently completing a three-year long double bottom pattern more than 70% removed from its GoPro-driven halcyon highs, I do see the opportunity for putting AMBA stock on the radar for buying.Buy Strategy: My recommendation in AMBA stock is to buy shares above $45. That's currently 8.5% above Monday's closing print. The idea is to avoid potential one- or two-day short squeezes and only buy on strength hinting the bears may be overstaying their welcome as a more successful next chapter in Ambarella looks to unfold.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Dark Horse Stocks Winning the Race in 2019 * 6 Chinese Stocks to Sell That Are Suffering From a Digital Ad Slowdown * 4 Technology Stocks Blasting Higher Compare Brokers The post 3 Semiconductor Stocks to Buy Now appeared first on InvestorPlace.
Investors are still punishing Nvidia (NASDAQ:NVDA) after the company failed to allay fears over its elevated inventory levels and slowing data center sales. Investors digging deeper into Nvidia's prospects will notice the company has two areas of strength. First, its graphics card refresh will eventually reverse the declining sales. Second, the company's steady shift from graphics to the artificial intelligence market creates a long-term growth opportunity for the company.Source: Shutterstock After Nvidia stock rallied back to around $195 in April, it backed off to $145.50 recently. This values the stock at a forward price-to-earnings ratio of 20.5X and prices in no premium. If Nvidia succeeds in growing its business, the stock will easily trade back to previous highs. Developing AI for Autonomous DrivingAI is at the heart of giving systems the "vision" to interpret what it sees. Training the AI to identify objects in a scene requires massive amounts of computing. Interpreting the input is software-driven and does not depend only on the hardware. Nvidia's deep neural network processes all of that data and gives automobile systems redundancies. Dubbed OpenRoadNet, Nvidia's solution does not stop at the technology in the car but includes the AI supercomputing in the back-end, too.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMarkets ignore the prospects of its Nvidia Drive Platform, which runs the full software stack. It counts on Toyota Motor (NYSE:TM) using Nvidia's technology and training its system on its data center. When Toyota eventually sells vehicles powered by Nvidia Drive, Nvidia will capitalize on the growth potential offered from autonomous vehicles. $30 - $50 Billion Market OpportunityNVDA said the total addressable market (TAM) for its technology in autonomous driving is $30 billion by 2025. Historically, the company entered the market through the development of infotainment. And as companies like Mercedes-Benz start offering advanced features like voice processing in the car, this market's revenue contribution for Nvidia will grow. * 7 A-Rated Stocks to Buy Under $10 Enterprise is another big area of potential growth for NVDA, but it must first work past the slowdown in data center. The unit grew 70% compounded over the last five years. Plus, the TAM for the HPC market is around $10 billion. Furthermore, cloud and cloud AI has a TAM of $20 billion; enterprise adds another $20 billion worth of potential revenue. Near-Term Headwinds for NVDAThe downtrend in shares of Nvidia has yet to end, although the stock bounced back 7.4% last week. The market fretted over the company's refusal to offer a full-year outlook. Even though the forward price-to-earnings ratio is favorable, the current P/E of 31X is still elevated. With full-year prospects unclear, investors are unwilling to pay too much for Nvidia stock. Still, when Ambarella (NASDAQ:AMBA) reported unexpectedly better earnings and revenue in the first quarter, chances are good that Nvidia will report better growth from automotive. Growth in Graphics ChipsNvidia is preparing for growth beyond the graphics market in gaming. With 1.2 million developers on its platform, the company may leverage the strong support for its CUDA platform. It is now on its fifth generation of AI hardware, with the rate of innovation showing no signs of slowing. On average, Nvidia introduces new architectures every 18 months. In AI, Nvidia is on its second-generation Tensor Core. * 10 Stocks to Buy That Could Be Takeover Targets While Nvidia's GPU powers AI and HPC, its investments in the software stack will drive adoption for its AI frameworks. By continually developing new versions of its libraries, the chip performance improves. For example, from 2018 to 2019, when it moved to Volta, Nvidia improved HPC by nearly two-fold. Valuation and Your TakeawayNvidia enjoys plenty of Wall Street coverage; 29 analysts covering Nvidia stock have an average price target of $186. According to Tipranks, this represents an upside of 28%. Conversely, in a five-year DCF Growth Exit model, if the company's perpetuity growth rate is 3.5%-4.5%, Nvidia's fair value is at least $155 a share.Nvidia may not trade back to the $280 yearly highs in the short-term due to slowing growth. But its long-term growth story is still unfolding. Investors who want exposure to the ever-growing AI and autonomous driving markets should consider investing in Nvidia.As of this writing, Chris Lau did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs Compare Brokers The post Nvidia Stock Is Set to Rebound as Investors Look Past Near-Term Pains appeared first on InvestorPlace.
Ambarella's (AMBA) first-quarter fiscal 2020 earnings and revenues decline year over year due to hostile geopolitical conditions.
Ambarella Inc (NASDAQ: AMBA) reported Tuesday fiscal first-quarter results that were mostly in-line with expectations. Bank of America's Adam Gonzalez maintains an Underperform rating on Ambarella with a price target lifted from $36 to $42. Morgan Stanley's Joseph Moore maintains at Overweight, unchanged $52 price target.
Ambarella Inc. shares are gaining in Wednesday trading after the company reported issued an upbeat outlook for its current quarter, but Needham argues that investors are “mis-pricing” China risk.
Stock futures extended a new strong market rally, Salesforce, Pivotal Software, Ambarella were big movers on earnings. ReWalk Robotics stock nearly tripled after the FDA OK'd its exo-suit.
Ambarella (AMBA) delivered earnings and revenue surprises of 120.00% and 0.38%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
Ambarella (NASDAQ:AMBA) reported its quarterly earnings figures for its first three months of the current fiscal year, bringing in a profit that surpassed the Wall Street consensus estimate, while the company's revenue declined year-over-year, yet it topped what analysts called for, playing a role in lifting AMBA stock more than 8% after hours.The Santa Clara, Calif.-based semiconductor maker -- which manufactures components for cameras for businesses such as GoPro -- said late on Tuesday that for its first quarter of its fiscal 2020, it amassed a loss of $17.3 million, or 53 cents per share. This amount was stronger than its loss of $10 million, or 30 cents per share, from the same period in its fiscal 2019.Ambarella added that its earnings came in at $300,000, or a penny per share, on an adjusted basis, which was lower than its year-ago adjusted earnings of $4.5 million, or 13 cents per share. Analysts were calling for the business to bring in an adjusted loss of 55 cents per share, according to data compiled by FactSet.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company also brought in sales of $47.2 million, which marked a 17% decline when compared to the $56.9 million it posted during the same period a year ago. Wall Street's consensus estimate predicted that Ambarella would rake in sales of $47 million, according to data compiled by FactSet.For its second quarter of the fiscal year, the business predicts revenue of $51 million to $53 million.AMBA stock is up about 4.3% during regular trading hours. Shares soared about 8.8% after hours following these results. More From InvestorPlace * 7 Bank Stocks to Leave in the Vault * 7 Stocks to Buy for Monster Growth * 7 Stocks to Sell Amid an Escalating Trade War Compare Brokers The post Ambarella Earnings: AMBA Stock Soars on Q1 Earnings Beat appeared first on InvestorPlace.
Shares of Ambarella Inc. rose more than 7% in the extended session Tuesday after the Silicon Valley company, a maker of components for cameras and a supplier for GoPro Inc., swung to a surprise adjusted profit in the fiscal 2020 first quarter. Ambarella said it lost $17.3 million, or 53 cents a share, in the quarter, compared with a loss of $10 million, or 30 cents a share, in the same year-ago period. Adjusted for one-time items, the company earned $300,000, or a penny a share, compared with earnings of $4.5 million, or 13 cents a share, a year ago. Revenue fell 17% to $47.2 million, compared with $56.9 million a year ago. Analysts polled by FactSet had expected an adjusted loss of 55 cents a share on sales of $47 million. Ambarella had ended the regular trading session up 4.3%. The company guided for revenue between $51 million and $53 million for the second quarter.
SANTA CLARA, Calif., June 04, 2019 -- Ambarella, Inc. (NASDAQ: AMBA), a leading developer of low-power and high-resolution human and computer vision solutions, today announced.
NEW YORK, NY / ACCESSWIRE / June 4, 2019 / Ambarella, Inc. (NASDAQ: AMBA ) will be discussing their earnings results in their 2020 First Quarter Earnings to be held on June 4, 2019 at 4:30 PM Eastern Time. ...
If you own shares in Ambarella, Inc. (NASDAQ:AMBA) then it's worth thinking about how it contributes to the volatility...
MongoDB's (MDB) first-quarter fiscal 2020 earnings are likely to benefit from an expanding customer base and portfolio strength.
Smartsheet's (SMAR) first-quarter fiscal 2020 results are likely to benefit from its significant investments in products and marketing strategies.
Ambarella’s CV22AQ CVflow® computer vision processor and Longhorn’s ultrasonic sensors and 360° panoramic systems deliver safe and efficient automatic parking
Platform to leverage Ambarella’s high-performance, low-power CVflow® computer vision architecture and Baolong’s automotive visual perception algorithms
Ambarella Inc NASDAQ/NGS:AMBAView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate and declining Bearish sentimentShort interest | PositiveShort interest is moderate for AMBA with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on May 17. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding AMBA totaled $228 million. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.