Ambarella (NASDAQ:AMBA) had its price objective cut by investment analysts at Stifel Nicolaus from $56.00 to $45.00 in a research note issued to investors on Friday. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 13.21% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. BidaskClub cut Ambarella from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 18th. Cowen started coverage on Ambarella in a report on Thursday, May 17th. They set an “outperform” rating and a $65.00 price objective for the company. Morgan Stanley dropped their price objective on Ambarella from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, June 6th. Deutsche Bank decreased their target price on Ambarella from $51.00 to $44.00 and set a “hold” rating for the company in a research report on Wednesday, June 6th. Finally, Bank of America began coverage on Ambarella in a research report on Tuesday, July 17th. They set a “neutral” rating and a $42.00 target price for the company. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $52.59.

AMBA opened at $39.75 on Friday. Ambarella has a 52-week low of $37.10 and a 52-week high of $66.23. The firm has a market cap of $1.32 billion, a P/E ratio of 72.27 and a beta of 1.34.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Thursday, August 30th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.12. Ambarella had a return on equity of 1.42% and a net margin of 2.18%. equities analysts expect that Ambarella will post -0.43 earnings per share for the current year.

In other Ambarella news, insider Leslie Kohn sold 3,097 shares of Ambarella stock in a transaction on Monday, June 18th. The stock was sold at an average price of $43.27, for a total transaction of $134,007.19. Following the completion of the sale, the insider now directly owns 910,268 shares of the company’s stock, valued at approximately $39,387,296.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Christopher Day sold 3,300 shares of Ambarella stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $43.77, for a total value of $144,441.00. Following the sale, the vice president now directly owns 24,041 shares of the company’s stock, valued at $1,052,274.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,657 shares of company stock valued at $897,714. 5.84% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its position in Ambarella by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 125,009 shares of the semiconductor company’s stock valued at $4,827,000 after purchasing an additional 3,155 shares in the last quarter. Global X Management Co LLC raised its position in shares of Ambarella by 17.4% in the 2nd quarter. Global X Management Co LLC now owns 32,209 shares of the semiconductor company’s stock worth $1,244,000 after acquiring an additional 4,785 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Ambarella by 12.2% in the 2nd quarter. California Public Employees Retirement System now owns 28,397 shares of the semiconductor company’s stock worth $1,096,000 after acquiring an additional 3,097 shares in the last quarter. Centaurus Financial Inc. bought a new position in shares of Ambarella in the 2nd quarter worth $280,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Ambarella by 202.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,828 shares of the semiconductor company’s stock worth $495,000 after acquiring an additional 8,592 shares in the last quarter. 71.39% of the stock is owned by institutional investors and hedge funds.

Ambarella Company Profile

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.

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Analyst Recommendations for Ambarella (NASDAQ:AMBA)

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