Company Update (NASDAQ:AMBA): Ambarella Inc Introduces 8K Ultra HD SoCs for Virtual Reality and Drone Cameras


Ambarella, Inc. (NASDAQ:AMBA) introduced the H3 System-on-Chip (SoC) for high-end drones and a new generation of video cameras, including 360-degree and virtual reality cameras. The H3 video SoC enables 8K Ultra HD H.264/AVC video at 30 frames per second, as well as multiple video streams with equivalent performance, including 360-degree cameras with dual 4KP60 sensor video capture.

8K videos played on large 8K displays provide a better viewing experience to the end user, as pixels at this resolution are indistinguishable to the human eye at any reasonable distance. The combination of 8K video capture together with Ambarella’s advanced oversampling and image stabilization also enables higher video quality 4K video recording.

“With the introduction of H3 we believe we provide the highest video performance and best image quality solution for high-end drones and multi-sensor video cameras,” said Fermi Wang, president and CEO of Ambarella. “H3 delivers 8Kp30 video performance to match the next generation of displays, such as 8K televisions and high resolution head-mounted displays.”

H3 includes a powerful multi-channel ISP for 360 degree video capture and multi-sensor drone applications. Its 10-bit HEVC High Dynamic Range (HDR) video processing handles high contrast and wide color range scenes. It also features Ambarella’s advanced Electronic Image Stabilization (EIS), capable of generating a smooth 4Kp60 video output under challenging conditions, including during high winds and with high degrees of rotation. The integration of a quad-core ARM® Cortex®-A53 CPU with floating point and NEON™ provides significant processing power for customer applications including computer vision, wireless networking, and multi-sensor stitching algorithms. The H3’s hardware de-warping engine supports wide-angle panoramic camera designs and fish-eye lenses. (Original Source)

Shares of Ambarella Inc. closed yesterday at $53.62. AMBA has a 1-year high of $74.95 and a 1-year low of $33.39. The stock’s 50-day moving average is $57.28 and its 200-day moving average is $60.68.

On the ratings front, Ambarella has been the subject of a number of recent research reports. In a report issued on December 2, Oppenheimer analyst Andrew Uerkwitz reiterated a Hold rating on AMBA. Separately, on the same day, Needham’s Quinn Bolton reiterated a Hold rating on the stock .

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Andrew Uerkwitz and Quinn Bolton have a yearly average return of 5.8% and 20.3% respectively. Uerkwitz has a success rate of 52% and is ranked #624 out of 4369 analysts, while Bolton has a success rate of 73% and is ranked #39.

Overall, 3 research analysts have assigned a Hold rating and 4 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $77.00 which is 43.6% above where the stock closed yesterday.

Ambarella, Inc. is a developer of semiconductor processing solutions for video that enable high-definition video capture, sharing and display. The company combines its processor design capabilities with its expertise in video and image processing, algorithms and software to provide a technology platform that is designed to be scalable across multiple applications and enable rapid and efficient product development. Its system-on-a-chip, or SoC, designs fully integrate high-definition video processing, image sensor processing, audio processing and system functions onto a single chip, delivering exceptional video and image quality, differentiated functionality and low power consumption. The company’s technology is also used in television broadcasting with a significant amount of TV programming worldwide being transmitted using Ambarella compression chips. Its Ambarella SoCs are well-suited to drive the latest generation of high-definition security IP cameras.