These transactions were made under a pre-established Rule 10b5-1 business plan, which was adopted on October 2, 2024. Following these sales, Chan owns 111,918 shares in the company. Umbrella, based in Santa Clara, California, is known for its semiconductor products, particularly in the areas of video processing and computer vision. While the company maintains strong liquidity with a current ratio of 2.84 and holds more cash than debt, Investment Prof The data reveals 8 additional key insights into the company’s financial health and market position, available in the comprehensive Pro Research report. While the company maintains strong liquidity with a current ratio of 2.84 and holds more cash than debt, Investment Prof The data reveals 8 additional key insights into the company’s financial health and market position, available in the comprehensive Pro Research report.
These transactions were made under a pre-established Rule 10b5-1 business plan, which was adopted on October 2, 2024. Following these sales, Chan owns 111,918 shares in the company. Umbrella, based in Santa Clara, California, is known for its semiconductor products, particularly in the areas of video processing and computer vision.
In more recent news, Umbrella Inc (NASDAQ: ). has secured a significant lease agreement for new executive offices in Santa Clara, California, demonstrating the company’s commitment to long-term business objectives. The semiconductor company reported a significant 63% year-over-year increase in revenue for the third quarter, reaching $82.7 million, driven primarily by demand in the automotive and IoT markets. Analyst firms such as Needham, Rosenblatt Securities, Susquehanna and Stifel have revised their outlooks on Umbrella, maintaining positive ratings and raising their price targets. The company expects revenue growth of 22-24% for FY2025, with growth expected to continue through FY2026. Umbrella’s AI-related revenue now accounts for nearly 70% of total revenue, indicating the company’s successful pivot to AI and edge computing solutions. These recent developments underscore Umbrella’s strategic growth and expansion plans.
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