Ambarella (AMBA) Receives “Hold” Rating from Oppenheimer
Several other research firms have also recently weighed in on AMBA. ValuEngine upgraded Ambarella from a sell rating to a hold rating in a research note on Friday, September 8th. Dougherty & Co decreased their target price on Ambarella from $75.00 to $60.00 and set a buy rating for the company in a research note on Friday, September 1st. Morgan Stanley restated an overweight rating and set a $60.00 target price on shares of Ambarella in a research note on Wednesday, September 27th. Deutsche Bank restated a hold rating and set a $49.00 target price (down previously from $54.00) on shares of Ambarella in a research note on Friday, September 1st. Finally, Roth Capital restated a buy rating and set a $65.00 target price on shares of Ambarella in a research note on Thursday, August 31st. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Ambarella has an average rating of Hold and an average target price of $58.75.
Ambarella (NASDAQ:AMBA) traded up $7.76 during mid-day trading on Friday, reaching $62.03. The company had a trading volume of 8,785,193 shares, compared to its average volume of 707,224. The stock has a market capitalization of $1,802.54, a PE ratio of 51.69, a price-to-earnings-growth ratio of 5.75 and a beta of 1.58. Ambarella has a 12-month low of $40.06 and a 12-month high of $65.39.
In other news, VP Christopher Day sold 2,618 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,001,529.55. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Leslie Kohn sold 6,467 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $46.50, for a total value of $300,715.50. Following the completion of the transaction, the insider now directly owns 907,645 shares in the company, valued at approximately $42,205,492.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,835 shares of company stock worth $1,301,265. 5.80% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in AMBA. Pinnacle Associates Ltd. increased its holdings in shares of Ambarella by 54.9% in the third quarter. Pinnacle Associates Ltd. now owns 1,014,489 shares of the semiconductor company’s stock valued at $49,720,000 after purchasing an additional 359,417 shares during the period. Artisan Partners Limited Partnership acquired a new position in Ambarella during the third quarter worth $17,534,000. AXA grew its holdings in Ambarella by 100.6% during the second quarter. AXA now owns 708,106 shares of the semiconductor company’s stock worth $34,379,000 after acquiring an additional 355,170 shares during the period. Rothschild Asset Management Inc. acquired a new position in Ambarella during the second quarter worth $16,083,000. Finally, Eagle Asset Management Inc. grew its holdings in Ambarella by 36.2% during the second quarter. Eagle Asset Management Inc. now owns 1,152,405 shares of the semiconductor company’s stock worth $55,949,000 after acquiring an additional 306,248 shares during the period. 63.21% of the stock is currently owned by institutional investors and hedge funds.
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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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