Ambarella Inc (NASDAQ:AMBA) Moves Up Smartly
In Tuesday’s trading, T Ambarella Inc (NASDAQ:AMBA) rose by 2.58%. The opening price of the shares was $19.92, which climbed to an intraday high of $20.33 and dipped to a close of $20.26. Approximately 1.06 million shares were traded on Tuesday while an average volume of 1.36 million shares were traded over a 30 day period. The 52-week low of Ambarella Inc (NASDAQ:AMBA) shares is $5.55 and its 52-week high is $20.90. The company has a market capitalization of $558.32 million.
About the company
Ambarella Inc (NASDAQ:AMBA) was incorporated on 15 January 2004. It is a developer of semi-conductor processing-solutions that are used in video. These enable high-definition, video-capture, display and sharing. Ambarella Inc (NASDAQ:AMBA) combines its processor-design capabilities with the video and image-processing, software and algorithms to provide a technology-platform. The company sells solutions in the infrastructure and camera markets.
It has around 27M system-on-a-chips shipped since its inception. In the camera-market, Ambarella Inc (NASDAQ:AMBA)’s solutions help in creating video content that are used in wearable sports-cameras, automotive-aftermarket cameras, Internet Protocol, security-cameras, digital still cameras, tele-presence cameras, camcorders and pocket-video cameras. In the infrastructure-market, the company’s solutions manage different IP video traffic, broadcast encoding as well as IP video-delivery applications. In 2012, Ambarella Inc (NASDAQ:AMBA) released its Wireless-Camera Developers Kit. In the same year, it also launched S2-SoC. This enables UHD IP security-cameras.
Ambarella Inc (NASDAQ:AMBA)’s solutions are sold to ODMs and OEMs across the globe. In the camera-market, the company’s video-processing solutions are used in products from various OEMs, including Robert Bosch and its affiliated entities, Samsung and Woodman Labs. The company conducts business via GoPro. This sources its solutions from various ODMs such as Ability Enterprise, Asia Optical, Chicony Electronics, DXG Technology, Hon Hai Precision Industry and Sky Light Digital Ltd.