Stock Update (NASDAQ:AMBA): Ambarella Inc Introduces H22 4K Ultra HD SoC for the Next Generation of Drones and Sports Cameras


Ambarella Inc (NASDAQ:AMBA) announced the introduction of the H22 System-On-Chip (SoC) targeting a new generation of 4K drones and sports cameras with leading-edge video features.

The new H22 SoC is capable of encoding 4K Ultra HD video at 60 frames per second using the H.265 (HEVC) or H.264 (AVC) video formats, and supports advanced Electronic Image Stabilization (EIS) up to 4K resolution. The on-board 1.2 GHz Quad-Core ARM Cortex-A53 CPU provides significant processing power for customer applications including flying camera flight control, advanced analytics, video stitching and wireless networking. Fabricated in 14nm process technology, the H22 offers very low power consumption, enabling 4K cameras with small form factors and extended battery life.

“The H22 brings 4Kp60 Ultra HD video at extremely low power into the mainstream,” said Chris Day, VP of marketing and business development at Ambarella. “With 4K HDR, 4K EIS, and a quad-core CPU, the H22 enables a new generation of drones and sports cameras with outstanding video quality and extended battery life.”

The H22 includes a highly optimized image processing pipeline with excellent imaging and advanced noise reduction, and a hardware de-warp engine to support wide-angle panoramic designs with minimal distortion. The device’s 4K EIS can augment or potentially eliminate the need for a mechanical gimbal in a drone. The ability to encode at high frame rates, including 4Kp60 and 1080p120, delivers smooth slow motion, high definition video even during fast action shots.

A typical use case for the H22 in a drone might be to simultaneously encode 4K Ultra HD video, stabilize it in real time using EIS, and execute flight control algorithms using input from an array of sensors including an optical flow sensor. Additionally, a second, low-delay, Full-HD live video stream may be processed, encoded and wirelessly transmitted to the pilot for monitoring and camera control.

Ambarella will demonstrate the new H22 device at a private, invitation only event held during the Consumer Electronics Show (CES) in Las Vegas, January 5 – 8, 2017. (Original Source)

Shares of Ambarella Inc. are currently trading at $56.87, up $3.25 or +6.05%. 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 Inc. 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.

Sentiment on the street is mostly bullish on AMBA stock. Out of 7 analysts who cover the stock, 4 suggest a Buy rating and 3 recommend to Hold the stock. The 12-month average price target assigned to the stock is $77.00, which represents a potential upside of 44% from where the stock is currently trading.

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.