Shares of Ambarella, Inc. (NASDAQ:AMBA) have received an average recommendation of “Hold” from the seventeen analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $58.50.
Several equities analysts have recently weighed in on AMBA shares. Dougherty & Co reduced their price target on Ambarella from $75.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, September 1st. Stifel Nicolaus reduced their price target on Ambarella from $64.00 to $52.00 and set a “buy” rating for the company in a research report on Friday, September 1st. Roth Capital reiterated a “buy” rating and issued a $65.00 price target on shares of Ambarella in a research report on Thursday, August 31st. Canaccord Genuity reiterated a “buy” rating and issued a $72.00 price target on shares of Ambarella in a research report on Tuesday, July 11th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Ambarella in a research report on Friday, September 1st.
Ambarella (AMBA) traded up 0.99% during mid-day trading on Thursday, hitting $54.94. The stock had a trading volume of 677,041 shares. The stock has a market capitalization of $1.82 billion, a P/E ratio of 35.89 and a beta of 1.57. Ambarella has a 52 week low of $40.06 and a 52 week high of $65.78. The company’s 50 day moving average is $49.58 and its 200-day moving average is $52.23.
Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The company had revenue of $71.63 million during the quarter, compared to analysts’ expectations of $70.79 million. Ambarella had a return on equity of 11.94% and a net margin of 16.45%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. On average, analysts expect that Ambarella will post $1.89 EPS for the current fiscal year.
In related news, insider Leslie Kohn sold 6,467 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $46.50, for a total transaction of $300,715.50. Following the completion of the transaction, the insider now directly owns 907,645 shares in the company, valued at $42,205,492.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Christopher Day sold 2,618 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $49.15, for a total value of $128,674.70. Following the transaction, the vice president now owns 20,377 shares of the company’s stock, valued at $1,001,529.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,835 shares of company stock valued at $1,301,265. 5.80% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Ambarella by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 2,084,839 shares of the semiconductor company’s stock worth $114,061,000 after purchasing an additional 104,382 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Ambarella in the 1st quarter worth about $796,000. Tributary Capital Management LLC boosted its holdings in shares of Ambarella by 11.9% in the 2nd quarter. Tributary Capital Management LLC now owns 266,700 shares of the semiconductor company’s stock worth $12,948,000 after purchasing an additional 28,303 shares in the last quarter. First National Bank of Omaha boosted its holdings in shares of Ambarella by 0.9% in the 2nd quarter. First National Bank of Omaha now owns 22,583 shares of the semiconductor company’s stock worth $1,096,000 after purchasing an additional 205 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Ambarella by 48.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,368 shares of the semiconductor company’s stock worth $261,000 after purchasing an additional 1,763 shares in the last quarter. Institutional investors and hedge funds own 57.09% of the company’s stock.
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Ambarella Company Profile
Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.
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