Shares of Ambarella Inc (NASDAQ:AMBA) have been assigned a consensus recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $46.63.
AMBA has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Ambarella from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Roth Capital lifted their price target on Ambarella to $40.00 and gave the company a “neutral” rating in a research report on Friday, November 30th. TheStreet upgraded Ambarella from a “d” rating to a “c-” rating in a research report on Tuesday, March 5th. Needham & Company LLC reiterated a “hold” rating on shares of Ambarella in a research report on Friday, November 30th. Finally, Northland Securities reiterated a “buy” rating on shares of Ambarella in a research report on Wednesday, March 6th.
NASDAQ AMBA traded up $0.28 during trading hours on Friday, hitting $43.75. The company had a trading volume of 540,763 shares, compared to its average volume of 555,238. Ambarella has a 52 week low of $30.00 and a 52 week high of $55.50. The company has a market cap of $1.41 billion, a P/E ratio of -38.72 and a beta of 1.04.
Ambarella (NASDAQ:AMBA) last issued its earnings results on Tuesday, March 5th. The semiconductor company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.04 by $0.10. Ambarella had a negative return on equity of 8.37% and a negative net margin of 13.37%. On average, equities research analysts predict that Ambarella will post -1.53 EPS for the current fiscal year.
In related news, VP Yun-Lung Chen sold 6,320 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $41.28, for a total transaction of $260,889.60. Following the transaction, the vice president now directly owns 27,511 shares of the company’s stock, valued at approximately $1,135,654.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christopher B. Paisley sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $43.73, for a total value of $43,730.00. Following the transaction, the director now directly owns 20,309 shares in the company, valued at $888,112.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,063 shares of company stock valued at $826,854. Corporate insiders own 5.84% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in AMBA. FMR LLC purchased a new position in shares of Ambarella during the 3rd quarter valued at about $12,363,000. JPMorgan Chase & Co. raised its holdings in shares of Ambarella by 4,210.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 324,481 shares of the semiconductor company’s stock valued at $12,550,000 after buying an additional 316,953 shares in the last quarter. First Pacific Advisors LP purchased a new position in shares of Ambarella during the 3rd quarter valued at about $11,369,000. Deutsche Bank AG raised its holdings in shares of Ambarella by 172.9% during the 3rd quarter. Deutsche Bank AG now owns 399,185 shares of the semiconductor company’s stock valued at $15,438,000 after buying an additional 252,931 shares in the last quarter. Finally, Van Berkom & Associates Inc. raised its holdings in shares of Ambarella by 10.7% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,714,636 shares of the semiconductor company’s stock valued at $66,322,000 after buying an additional 165,433 shares in the last quarter. 74.22% of the stock is currently owned by institutional investors.
Ambarella Company Profile
Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
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