Shares of Ambarella Inc. (NASDAQ:AMBA) traded today at $204.20, eclipsing its 52-week high. Approximately 516,000 shares have changed hands today, as compared to an average 30-day volume of 593,000 shares.
Ambarella Inc is a developer of semiconductor processing solutions for high-definition video capture, sharing, and display. The firm’s solutions are sold to original design manufacturers and original equipment manufacturers to be designed for use in infrastructure broadcast encoders, wearable device cameras, automotive cameras, and security cameras. Ambarella’s system-on-a-chip designs, based on its proprietary technology platform, are highly configurable to applications in various end markets. The firm derives majority of revenue from Taiwan.
Ambarella Inc. has overhead space with shares priced $202.60, or 18.7% below the average consensus analyst price target of $249.06.
In the past 52 weeks, shares of Ambarella Inc. have traded between a low of $57.67 and a high of $204.20 and is now at $202.60, which is 251% above that low price.
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