Stock Update (NASDAQ:AMBA): Ambarella Inc S3L SoC Delivers H.265 Benefits For Home Monitoring And Mainstream Professional IP Cameras

Ambarella Inc (NASDAQ:AMBA), a leading developer of low-power, HD and Ultra HD video compression and image processing semiconductors, today introduced S3L, a low-power IP camera System-On-Chip (SoC) that enables H.265, or HEVC (High Efficiency Video Coding), video encoding in cloud-based home monitoring and mainstream professional IP cameras. S3L leverages Ambarella’s full implementation of H.265 to provide up to twice the video compression of Ambarella’s H.264 encoding technology and deliver outstanding video quality at very low bit rates. This improvement results in cost savings from reduced storage requirements and the ability to stream higher quality video over bandwidth-restricted networks. S3L includes multi-exposure HDR (High Dynamic Range) imaging, 180-degree fisheye lens correction and a high performance CPU for intelligent video analytics.

“Our new S3L SoC family brings the low bit rate benefits of H.265 to cloud-based home monitoring and mainstream professional cameras,” said Chris Day, vice president of marketing and business development at Ambarella. “Following the introduction of our 4K S3 SoC family last year, S3L extends our customer’s performance options to make high-resolution H.265 video even more accessible and cost-effective.”

The S3L family comprises software-compatible SoCs that range from the small foot-print, low-power S3LM SoC with single 16-bit memory, targeting the home monitoring and service provider markets, up to the professional-level S3L SoC with 32-bit memory, 1-GHz ARM® Cortex™-A9 CPU, and 5Mp30 video performance. It includes the capability to encode both H.265 and H.264 for backward compatibility with existing network infrastructure. S3L includes a flexible Linux® SDK (Software Development Kit) that allows IP camera manufacturers to create a wide range of highly differentiated products. (Original Source)

Shares of Ambarella closed last Friday at $53.24. AMBA has a 1-year high of $129.19 and a 1-year low of $39.23. The stock’s 50-day moving average is $61.39 and its 200-day moving average is $87.41.

On the ratings front, Ambarella has been the subject of a number of recent research reports. In a report issued on September 29, Pacific Crest analyst Brad Erickson maintained a Buy rating on AMBA, with a price target of $102, which represents a potential upside of 91.6% from where the stock is currently trading. Separately, on the same day, Canaccord Genuity’s Matt Ramsay reiterated a Buy rating on the stock and has a price target of $105.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Brad Erickson and Matt Ramsay have a total average return of -4.1% and 0.4% respectively. Erickson has a success rate of 52.2% and is ranked #3111 out of 3801 analysts, while Ramsay has a success rate of 60.4% and is ranked #2046.

Overall, 6 research analysts have assigned a Hold rating and 5 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 $98.33 which is 84.7% above where the stock closed last Friday.

Ambarella Inc is a developer of semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display.

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