AMBA has been the topic of a number of other research reports. Needham & Company LLC restated a neutral rating on shares of Ambarella in a report on Friday, June 3rd. Vetr lowered Ambarella from a sell rating to a strong sell rating and set a $61.77 price objective on the stock. in a report on Tuesday, August 30th. Zacks Investment Research lowered Ambarella from a buy rating to a hold rating in a report on Tuesday, July 26th. Canaccord Genuity raised their price objective on Ambarella from $85.00 to $86.00 and gave the company a buy rating in a report on Wednesday, August 31st. Finally, Deutsche Bank AG restated a hold rating and issued a $47.00 price objective (up previously from $45.00) on shares of Ambarella in a report on Tuesday, May 31st. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $69.31.
Ambarella (NASDAQ:AMBA) opened at 73.91 on Wednesday. The stock has a 50 day moving average of $68.08 and a 200-day moving average of $52.79. The company has a market capitalization of $2.42 billion, a PE ratio of 55.66 and a beta of 1.50. Ambarella has a 12-month low of $33.39 and a 12-month high of $74.95.
Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, September 1st. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.16. The company had revenue of $65.10 million for the quarter, compared to analyst estimates of $64.02 million. Ambarella had a return on equity of 14.23% and a net margin of 15.86%. The firm’s revenue for the quarter was down 22.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 EPS. Equities analysts expect that Ambarella will post $2.64 earnings per share for the current year.
In other Ambarella news, VP Yun-Lung Chen sold 4,197 shares of Ambarella stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $74.19, for a total value of $311,375.43. Following the completion of the transaction, the vice president now directly owns 13,530 shares of the company’s stock, valued at approximately $1,003,790.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 1,000 shares of Ambarella stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $69.13, for a total value of $69,130.00. Following the completion of the transaction, the director now directly owns 10,014 shares of the company’s stock, valued at $692,267.82. The disclosure for this sale can be found here. Corporate insiders own 5.43% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. First Interstate Bank increased its position in Ambarella by 4.2% in the second quarter. First Interstate Bank now owns 2,167 shares of the company’s stock valued at $110,000 after buying an additional 88 shares in the last quarter. US Bancorp DE increased its position in shares of Ambarella by 10.3% in the second quarter. US Bancorp DE now owns 2,106 shares of the company’s stock worth $107,000 after buying an additional 197 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Ambarella by 17.9% in the second quarter. Penserra Capital Management LLC now owns 2,084 shares of the company’s stock worth $106,000 after buying an additional 316 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Ambarella by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 4,441 shares of the company’s stock worth $226,000 after buying an additional 538 shares in the last quarter. Finally, Redmond Asset Management LLC increased its position in shares of Ambarella by 2.0% in the second quarter. Redmond Asset Management LLC now owns 28,934 shares of the company’s stock worth $1,470,000 after buying an additional 572 shares in the last quarter. 51.33% of the stock is owned by institutional investors.
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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