KeyCorp reiterated their hold rating on shares of Ambarella, Inc. (NASDAQ:AMBA) in a report issued on Friday.

Other equities research analysts have also recently issued research reports about the stock. Craig Hallum cut shares of Ambarella from a buy rating to a hold rating and set a $50.00 price target on the stock. in a research note on Friday, September 1st. Needham & Company LLC reissued a hold rating on shares of Ambarella in a research note on Friday, September 1st. Oppenheimer Holdings, Inc. reissued a hold rating on shares of Ambarella in a research note on Friday, September 1st. Canaccord Genuity dropped their price target on shares of Ambarella from $72.00 to $58.00 and set a buy rating on the stock in a research note on Tuesday, September 5th. Finally, ValuEngine raised shares of Ambarella from a sell rating to a hold rating in a research note on Friday, September 8th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Ambarella currently has an average rating of Hold and an average price target of $58.86.

Ambarella (NASDAQ:AMBA) traded up $0.77 during trading on Friday, reaching $55.85. 593,801 shares of the company were exchanged, compared to its average volume of 897,403. Ambarella has a 1 year low of $40.06 and a 1 year high of $65.78. The firm has a market cap of $1,860.00, a PE ratio of 35.53, a P/E/G ratio of 5.83 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. Ambarella had a net margin of 16.45% and a return on equity of 11.94%. The firm had revenue of $71.63 million for the quarter, compared to analysts’ expectations of $70.79 million. During the same quarter last year, the company earned $0.54 EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. sell-side analysts anticipate that Ambarella will post 0.64 EPS for the current fiscal year.

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In other news, VP Christopher Day sold 2,618 shares of Ambarella stock in a transaction on Friday, September 29th. The stock was sold at an average price of $49.15, for a total transaction of $128,674.70. Following the transaction, the vice president now owns 20,377 shares in the company, valued at approximately $1,001,529.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Feng-Ming Wang sold 11,629 shares of Ambarella stock in a transaction on Monday, September 18th. The stock was sold at an average price of $46.50, for a total value of $540,748.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,835 shares of company stock worth $1,301,265. Insiders own 5.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of Ambarella by 112.2% during the 1st 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 during the period. Dubuque Bank & Trust Co. raised its holdings in Ambarella by 4.0% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 3,793 shares of the semiconductor company’s stock valued at $184,000 after buying an additional 147 shares during the period. Amalgamated Bank raised its holdings in Ambarella by 3.6% in the 2nd quarter. Amalgamated Bank now owns 4,126 shares of the semiconductor company’s stock valued at $200,000 after buying an additional 143 shares during the period. Aperio Group LLC purchased a new stake in Ambarella in the 3rd quarter valued at about $213,000. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Ambarella by 17.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 4,908 shares of the semiconductor company’s stock valued at $238,000 after buying an additional 734 shares during the period. Institutional investors and hedge funds own 56.84% of the company’s stock.

About Ambarella

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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