Ambarella (AMBA) Rating Increased to Hold at BidaskClub

Ambarella (NASDAQ:AMBA) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Several other analysts have also issued reports on AMBA. Zacks Investment Research lowered Ambarella from a “hold” rating to a “sell” rating in a research note on Thursday, September 7th. Morgan Stanley restated an “overweight” rating and issued a $60.00 price objective on shares of Ambarella in a research note on Thursday, September 7th. ValuEngine upgraded Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Stifel Nicolaus restated a “buy” rating and issued a $52.00 price objective on shares of Ambarella in a research note on Saturday, September 23rd. Finally, Canaccord Genuity restated a “buy” rating and issued a $65.00 price objective (up previously from $58.00) on shares of Ambarella in a research note on Friday, October 13th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $60.14.

Shares of Ambarella (AMBA) opened at $63.30 on Friday. Ambarella has a twelve month low of $40.06 and a twelve month high of $66.23. The stock has a market capitalization of $2,110.00, a PE ratio of 60.87, a P/E/G ratio of 6.24 and a beta of 1.59.

Ambarella (NASDAQ:AMBA) last released its earnings results on Thursday, November 30th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.08. Ambarella had a return on equity of 7.87% and a net margin of 11.51%. The business had revenue of $89.06 million for the quarter, compared to analyst estimates of $89.41 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. Ambarella’s revenue was down 11.4% on a year-over-year basis. equities analysts expect that Ambarella will post 0.7 earnings per share for the current fiscal year.

In other news, VP Yun-Lung Chen sold 11,340 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $59.80, for a total value of $678,132.00. Following the transaction, the vice president now owns 11,386 shares of the company’s stock, valued at $680,882.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher B. Paisley sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $59.23, for a total value of $118,460.00. The disclosure for this sale can be found here. Insiders sold 36,553 shares of company stock worth $2,145,108 in the last ninety days. 5.80% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Ambarella by 2.9% during the second quarter. Vanguard Group Inc. now owns 2,145,609 shares of the semiconductor company’s stock worth $104,169,000 after buying an additional 60,770 shares in the last quarter. Van Berkom & Associates Inc. grew its position in Ambarella by 6.5% during the third quarter. Van Berkom & Associates Inc. now owns 1,316,350 shares of the semiconductor company’s stock worth $64,514,000 after buying an additional 80,867 shares in the last quarter. Pinnacle Associates Ltd. grew its position in Ambarella by 54.9% during the third quarter. Pinnacle Associates Ltd. now owns 1,014,489 shares of the semiconductor company’s stock worth $49,720,000 after buying an additional 359,417 shares in the last quarter. AXA grew its position in Ambarella by 17.8% during the third quarter. AXA now owns 834,078 shares of the semiconductor company’s stock worth $40,878,000 after buying an additional 125,972 shares in the last quarter. Finally, State Street Corp grew its position in Ambarella by 5.9% during the second quarter. State Street Corp now owns 595,044 shares of the semiconductor company’s stock worth $28,894,000 after buying an additional 33,237 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Ambarella (NASDAQ:AMBA)

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