Ambarella, Inc. ( AMBA ) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has gained over 35% in the past one-month time frame.
This developer of semiconductor processing solutions for video services has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate hasn't been in trend either. Yesterday's rally is encouraging though, so make sure to keep a close watch on this firm in the near future.
Ambarella currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Stocks worth considering in the specialized semiconductor industry are Pericom Semiconductor Corp. ( PSEM ), NVE Corp. ( NVEC ) and Silicon Motion Technology Corp. ( SIMO ). All the three stocks sport a similar Zacks Rank #1.
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