BidaskClub lowered shares of Ambarella (NASDAQ:AMBA) from a sell rating to a strong sell rating in a report published on Friday.

Several other research firms also recently commented on AMBA. Morgan Stanley reaffirmed an overweight rating and set a $60.00 price objective on shares of Ambarella in a report on Wednesday, September 27th. Oppenheimer raised shares of Ambarella from a market perform rating to a buy rating and set a $70.00 price objective on the stock in a report on Wednesday, January 3rd. KeyCorp reaffirmed a hold rating on shares of Ambarella in a report on Friday, November 3rd. Vetr downgraded shares of Ambarella from a buy rating to a hold rating and set a $61.51 price objective on the stock. in a report on Thursday, December 28th. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $52.00 price objective on shares of Ambarella in a report on Saturday, September 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Ambarella currently has a consensus rating of Hold and an average target price of $60.14.

Ambarella (NASDAQ:AMBA) opened at $51.74 on Friday. The firm has a market cap of $1,720.00, a PE ratio of 49.75, a P/E/G ratio of 4.98 and a beta of 1.59. Ambarella has a 1 year low of $40.06 and a 1 year high of $66.23.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Thursday, November 30th. The semiconductor company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The company had revenue of $89.06 million during the quarter, compared to analyst estimates of $89.41 million. Ambarella had a net margin of 11.51% and a return on equity of 7.87%. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 earnings per share. equities analysts forecast that Ambarella will post 0.7 earnings per share for the current fiscal year.

In related news, Director Christopher B. Paisley sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $59.23, for a total value of $118,460.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Yun-Lung Chen sold 11,340 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $59.80, for a total transaction of $678,132.00. Following the completion of the transaction, the vice president now owns 11,386 shares in the company, valued at $680,882.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,553 shares of company stock worth $2,145,108. Insiders own 5.80% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Ambarella by 2.9% in the second quarter. Vanguard Group Inc. now owns 2,145,609 shares of the semiconductor company’s stock worth $104,169,000 after purchasing an additional 60,770 shares during the last quarter. Van Berkom & Associates Inc. increased its position in shares of Ambarella by 6.5% in the third quarter. Van Berkom & Associates Inc. now owns 1,316,350 shares of the semiconductor company’s stock worth $64,514,000 after purchasing an additional 80,867 shares during the last quarter. Pinnacle Associates Ltd. increased its position 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 worth $49,720,000 after purchasing an additional 359,417 shares during the last quarter. AXA increased its position in shares of Ambarella by 17.8% in the third quarter. AXA now owns 834,078 shares of the semiconductor company’s stock worth $40,878,000 after purchasing an additional 125,972 shares during the last quarter. Finally, State Street Corp increased its position in shares of Ambarella by 5.9% in the second quarter. State Street Corp now owns 595,044 shares of the semiconductor company’s stock worth $28,894,000 after purchasing an additional 33,237 shares during the last quarter. Institutional investors own 62.94% of the company’s stock.

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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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