Ambarella, Inc. (NASDAQ:AMBA)‘s stock had its “hold” rating reissued by investment analysts at KeyCorp in a report released on Friday, November 3rd.
Several other equities research analysts have also recently commented on the company. Zacks Investment Research raised Ambarella from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Canaccord Genuity reissued a “buy” rating and issued a $65.00 target price (up from $58.00) on shares of Ambarella in a research note on Friday, October 13th. Morgan Stanley reissued an “overweight” rating and issued a $60.00 target price on shares of Ambarella in a research note on Wednesday, September 27th. Stifel Nicolaus reissued a “buy” rating and issued a $52.00 target price on shares of Ambarella in a research note on Saturday, September 23rd. Finally, ValuEngine raised Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Ambarella has a consensus rating of “Hold” and a consensus price target of $58.86.
Shares of Ambarella (NASDAQ AMBA) opened at $53.60 on Friday. Ambarella has a twelve month low of $40.06 and a twelve month high of $65.78. The firm has a market capitalization of $1,816.15, a price-to-earnings ratio of 35.28, a P/E/G ratio of 5.79 and a beta of 1.59.
Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. Ambarella had a return on equity of 11.94% and a net margin of 16.45%. The firm had revenue of $71.63 million during the quarter, compared to analysts’ expectations of $70.79 million. During the same period last year, the firm posted $0.54 EPS. The business’s revenue was up 10.0% on a year-over-year basis. equities research analysts predict that Ambarella will post 0.64 EPS for the current year.
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In other Ambarella news, CEO Feng-Ming Wang sold 11,629 shares of Ambarella stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $46.50, for a total transaction of $540,748.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Christopher Day sold 2,618 shares of Ambarella 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 in the company, valued at $1,001,529.55. The disclosure for this sale can be found here. Insiders sold a total of 27,835 shares of company stock worth $1,301,265 over the last 90 days. 5.80% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its holdings in Ambarella by 112.2% during the first quarter. Victory Capital Management Inc. now owns 1,903 shares of the semiconductor company’s stock worth $104,000 after acquiring an additional 1,006 shares in the last quarter. Turner Investments LLC bought a new position in Ambarella during the third quarter worth about $172,000. Dubuque Bank & Trust Co. lifted its holdings in Ambarella by 4.0% during the second quarter. Dubuque Bank & Trust Co. now owns 3,793 shares of the semiconductor company’s stock worth $184,000 after acquiring an additional 147 shares in the last quarter. Amalgamated Bank lifted its holdings in Ambarella by 3.6% during the second quarter. Amalgamated Bank now owns 4,126 shares of the semiconductor company’s stock worth $200,000 after acquiring an additional 143 shares in the last quarter. Finally, Aperio Group LLC bought a new position in Ambarella during the third quarter worth about $213,000. Hedge funds and other institutional investors own 55.71% of the company’s stock.
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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