Ambarella Inc. (AMBA) Receives New Coverage from Analysts at Roth Capital
AMBA has been the topic of a number of other research reports. Needham & Company LLC reiterated a neutral rating on shares of Ambarella in a research report on Friday, June 3rd. Vetr downgraded Ambarella from a sell rating to a strong sell rating and set a $61.77 price objective on the stock. in a research report on Tuesday, August 30th. Zacks Investment Research downgraded Ambarella from a buy rating to a hold rating in a research report on Tuesday, July 26th. Canaccord Genuity increased their price objective on Ambarella from $85.00 to $86.00 and gave the stock a buy rating in a research report on Wednesday, August 31st. Finally, Deutsche Bank AG reiterated a hold rating and issued a $47.00 price objective (up previously from $45.00) on shares of Ambarella in a research report on Tuesday, May 31st. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ambarella currently has a consensus rating of Buy and an average price target of $69.31.
Ambarella (NASDAQ:AMBA) opened at 68.77 on Wednesday. Ambarella has a 52 week low of $33.39 and a 52 week high of $72.99. The stock has a 50 day moving average price of $67.15 and a 200 day moving average price of $51.95. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 51.78 and a beta of 1.49.
Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Thursday, September 1st. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.16. Ambarella had a return on equity of 14.23% and a net margin of 15.86%. The company had revenue of $65.10 million for the quarter, compared to the consensus estimate of $64.02 million. During the same quarter last year, the business posted $0.88 earnings per share. The firm’s revenue was down 22.7% compared to the same quarter last year. On average, equities analysts forecast that Ambarella will post $2.64 earnings per share for the current year.
In other Ambarella news, VP Christopher Day sold 1,405 shares of Ambarella stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $67.98, for a total value of $95,511.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Feng-Ming Wang sold 9,573 shares of Ambarella stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $67.98, for a total transaction of $650,772.54. The disclosure for this sale can be found here. 5.43% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of AMBA. Macquarie Group Ltd. increased its stake in Ambarella by 18.5% in the second quarter. Macquarie Group Ltd. now owns 87,390 shares of the company’s stock worth $4,440,000 after buying an additional 13,641 shares during the period. Royal Bank of Canada increased its stake in Ambarella by 93.8% in the second quarter. Royal Bank of Canada now owns 14,198 shares of the company’s stock worth $720,000 after buying an additional 6,872 shares during the period. Amalgamated Bank bought a new stake in Ambarella during the second quarter worth approximately $213,000. Elk Creek Partners LLC increased its stake in Ambarella by 30.0% in the second quarter. Elk Creek Partners LLC now owns 213,600 shares of the company’s stock worth $10,853,000 after buying an additional 49,275 shares during the period. Finally, First Foundation Advisors bought a new stake in Ambarella during the second quarter worth approximately $203,000. 51.33% of the stock is owned by institutional investors and hedge funds.
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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